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Passenger Automobile gross sales took a success as a result of ongoing semiconductor scarcity challenge.

In accordance with the gross sales knowledge revealed by the Society of Indian Vehicle Producers (SIAM), the passenger automobile (PV) phase in India recorded a steep decline of 41.15 per cent in September 2021 promoting 1,60,070 items as in comparison with 2,72,027 items bought in the identical month a yr in the past. The passenger automobiles phase recorded a stoop of 60.82 per cent promoting 64,235 items in September as in opposition to 1,63,981 items bought final yr whereas the utility automobile (UV) phase recorded a drop of 9.22 per cent promoting 96,633 items as in comparison with 87,720 items. The Vans phase too recorded a decline of 28.89 per cent promoting 8,115 items as in comparison with 11,413 items bought a yr in the past. In the identical month, gross sales of two wheelers went down by 17.35 per cent promoting 15,28,472 items as in comparison with 18,49,546 items bought in the identical month final yr.

Additionally Learn: Auto Expo 2022 Postponed Citing Uncertainty Over COVID-19 Third Wave: SIAM

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Passenger automotive gross sales went down by 60.82 per cent in Septemeber 2021.

The drop in gross sales is primarily attributed to provide constraints as a result of ongoing chip scarcity globally. That mentioned, gross sales of passenger autos within the July – September 2021 interval or Q2 of FY2022 went up by 2.07 per cent promoting 741,300 items as in comparison with 726,232 items in the identical interval final yr. Nonetheless, two-wheelers gross sales dropped by 12.29 per cent promoting 46,90,565 items as in comparison with 41,13,916 items bought in the identical interval a yr in the past.

Additionally Learn: Auto Expo 2022 Postponed Citing Uncertainty Over COVID-19 Third Wave: SIAM

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Two-wheeler gross sales too took a success in September 2021.

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Within the April – September 2021 interval or H1 of FY2022, passenger automobile phase recorded a wholesome development of 57.68 per cent promoting 13,87,570 items as in comparison with 8,79,966 items. Gross sales of two-wheelers too went up by 8.89 per cent promoting 65,17,616 items as in comparison with 59,85,074 items bought in the identical interval a yr in the past. The expansion in quarterly gross sales is attributed to a low base final yr given the nationwide lockdown to forestall the unfold of COVID-19.

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