According to recent data, India Surpassed Japan In Car Sales 2022. India outsold Japan’s 4.2 million new car sales in 2022 with at least 4.25 million sold. India has now achieved the top spot in auto sales for the first time.
According to the Society of Indian Automobile Manufacturers, 4.13 million new cars were delivered in India between January and November 2022, and when December sales are taken into account, that number rises to almost 4.25 million. In contrast to Japan’s sales, which are estimated to have decreased by nearly 2 lakh units from the 3.7 million units sold in 2021, India’s annual sales in 2022 reached 3.8 million units, an increase of over 25%. It’s important to keep in mind that these are only preliminary estimates and that the final India domestic passenger vehicle sales figures have not yet been released. However, it is anticipated that India’s sales volume will only rise with the addition of commercial vehicle sales data and year-end figures from producers like Tata Motors.
India has maintained its ranking as the fourth-largest light vehicle producer in terms of output, producing more than 5 million units for the first time. The majority of new car sales in India last year were gasoline-powered cars, including a few hybrids. Even though they are selling more each month, electric cars are still not a major factor. Less semiconductors are used in the most popular models sold in India compared to those purchased in developed countries.
With 26.27 million vehicles sold, China led the world’s auto markets in 2021. The US came in second with 15.4 million vehicles sold, and Japan came in third with 4.44 million. There have been some changes in the Indian auto industry recently. Due in part to a credit crunch that affected the nonbank sector that year, sales volume decreased to under 4 million units in 2019 from the approximately 4.4 million units sold the previous year. As a result of the COVID-19 pandemic and the resulting nationwide lockdown, sales decreased even more in 2020, falling below the 3 million-unit threshold. Sales recovered in 2021 and nearly reached 4 million units, but growth was constrained by a lack of automotive chips.