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New Delhi: Passenger Vehicle (PV) dispatches from factories to dealers in India fell 8 per cent in January, mainly due to semiconductor shortage, auto industry body SIAM said on Friday. The total passenger vehicle wholesales dropped to 2,54,287 units in January 2022 as compared to 2,76,554 units in the same month of last year. Last […]
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The total sales across categories, excluding commercial vehicles, stood at 15,36,269 units compared to 14,76,861 units in July last year.
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Two-wheeler segment is expected to be the most impacted, with the target consumer group's affordability and demand sentiment sharply hit by the second wave.
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As per the latest data by the Society of Indian Automobile Manufacturers (SIAM) in FY21, passenger vehicle wholesales declined by 2.24 percent.
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Total sales across categories declined 13.43 per cent to 14,99,036 units, last month compared to 17,31,628 units in the year-ago period.
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In April-January, passenger vehicle shipments were still down by 43.1 per cent at 3,28,360 units as against 5,77,036 units in the same period of 2019-20 financial year.
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As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 6.63 per cent to 14,29,928 units, compared to 13,41,005 units in January 2020.
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Two-wheeler sales, however, declined 21.4 per cent to 14,13,378 units last month, as compared to 17,98,201 units in November 2019
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The overall auto industry would however continue to grow in the next few months, in line with improving economic indicators
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Commercial vehicle sales also slipped 30.32 per cent to 44,480 units, as against 63,837 units a year ago
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Tata Motors President, Passenger Vehicles Business Unit, Shailesh Chandra said the reduction in vehicle prices would even help end customers who have been facing various pressures owing to the current state of the economy.
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The company, which over the years has produced models like the Indica, Sierra, Sumo, Safari and the Nano, had achieved the 10 lakh production mark for passenger vehicles in 2005-06 and 30 lakh milestone in 2015
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Motorcycle sales were at 12,24,117 units as against 10,43,621 units in September 2019, up 17.3 per cent.
