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Passenger Vehicle sales in 2022 is ready to beat record estimates

Passenger Vehicle sales in 2022 is ready to beat record estimates

  • Aug 9th 22

This year, India's passenger vehicle sales have witnessed a mixed condition of ups and downs throughout the year. And it is expected to be about a quarter of a million units more than the initial projections that were themselves for record high volumes, said industry executives.

The industry is upbeat amid improving component supplies that is helping automakers step up production and clear backlogs faster, and new bookings that continue to be strong ahead of the festive season despite high inflation and increasing interest rates as well.

Sales of cars, utility vehicles and vans in the calendar year 2022 are now expected to be 3.6-3.7 million units, 17-20% higher compared with last year's sales.

The President of the Federation of Automobile Dealers A

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