New Delhi, October 14
Passenger automobile wholesales in India witnessed a decline of 41 per cent year-on yr in September as car producers struggled to supply ample models owing to semiconductor scarcity, auto business physique SIAM stated on Thursday.
Passenger automobile gross sales final month stood at 1,60,070 models as in comparison with 2,72,027 models within the year-ago interval.
As per the most recent knowledge by Society of Indian Car Producers (SIAM), two-wheeler dispatches to sellers additionally witnessed a dip of 17 per cent at 15,28,472 models, in comparison with 18,49,546 in September 2020.
Bike dispatches declined 22 per cent final month to 9,48,161 models as in opposition to 12,24,117 within the year-ago interval.
Scooter gross sales have been additionally down 7 per cent at 5,17,239 models from 5,56,205 models a yr in the past.
Automobile gross sales throughout classes final month declined year-on-year by 20 per cent to 17,17,728 models from 21,40,549 models.
Final month, the entire manufacturing of passenger automobiles, three wheelers, two wheelers and quadricycles stood at 2,125,304 models, a drop of 19 per cent as in comparison with September 2020.
Within the July-September quarter, passenger automobile wholesales, nonetheless, witnessed a marginal enhance of two per cent to 7,41,300 models as in contrast with 7,26,232 models in the identical interval of final fiscal.
Two wheeler dispatches in the course of the September quarter stood at 41,13,915 models, down 12 per cent from 46,90,565 models in Q2 of 2020-21 monetary yr.
“Indian car business continues to face new challenges. Whereas on one hand, we’re seeing a revival in automobile demand, however, scarcity of semiconductor chips is inflicting a serious concern for the business. Many members have curtailed their manufacturing plans,” SIAM President Kenichi Ayukawa stated.
Coupled with the festive season demand, this has led to lengthy ready time for the purchasers on in style fashions of some segments, he added.
“Excessive uncooked materials costs additionally proceed to be a problem. The business is taking all potential measures to mitigate the impression of such provide chain points and optimise manufacturing,” Ayukawa famous. PTI