2022 automobile sales zoom 23% to record high of 3.8 mn; 14% greater than 2018 peak

INSUBCONTINENT EXCLUSIVE:
The auto market published its highest-ever yearly domestic guest lorry (PV) sales in 2022 at 3.793 million units on the back of pent-up
need and much better semiconductor chip supply
The figure was 23.1 per cent more than that of 2021. The highest growth in annual domestic PV sales was seen by Tata Motors, Kia India and
Toyota Kirloskar at 58.2 percent, 40.2 percent and 22.6 per cent (see table), respectively, according to data shared by the business
Vehicle business count wholesales, the units dispatched to dealerships, as sales. On the other hand, Marutis domestic PV sales in December
2022 were 112,010 systems, 8.9 percent lower than in December 2021. On the lower figure in December 2022, Srivastava stated, For designs
where we have large pending orders like Brezza, Vitara, Ertiga, Dzire, Swift or Baleno, we were unable to produce more vehicles since of the
semiconductor chip supply restrictions
For models where we had adequate supply, we managed the production because we wanted to keep the stock levels down because it was the last
month of the year
Tata Motors offered 526,798 systems of PVs locally, which is a 58.2 per cent development. Shailesh Chandra, managing director (MD), Tata
Motors Passenger Vehicles, stated, For Tata Motors passenger automobiles, CY22 has been a memorable year
We outpaced market growth and crossed the distinctive turning point of 500,000 units conveniently to publish wholesales of 526,798 units
Last quarter (Q3 of FY23) was among the best quarters for the PV industry with strong retails from new launches, robust joyful need, and
sufficient supply of automobiles
Toyota Kirloskar Motor (TKM) saw its domestic PV sales jump from 130,768 systems in 2021 to 160,357 systems in 2022. Atul Sood, associate
vice-president, sales and tactical marketing, TKM, said, The year 2022 has been significant for TKM, both in regards to new item launches
along with sales efficiency. We presented turning point models like the Urban Cruiser Hyryder and the Innova Hycross
Both the designs have actually been effectively appreciated by our consumers
TKMs models like the Fortuner, Legender, Camry and the Vellfire continue to master their particular sections, Sood added.