Passenger car gross sales dip almost 4% in March: SIAM

Passenger car wholesales in India declined almost 4 per cent to 2,79,501 items final month, auto business physique SIAM stated on Wednesday.

Passenger car (PV) dispatches from factories to dealerships in March 2021 stood at 2,90,939 items.

As per the most recent knowledge by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler gross sales additionally fell 21 per cent to 11,84,210 items as in contrast with 14,96,806 autos in March 2021.

Motorcycle gross sales declined 21 per cent to 7,86,479 items as in opposition to 9,93,996 items in March 2021.

Scooter gross sales have been additionally down 21 per cent to three,60,082 items from 4,58,122 autos a yr in the past.

In the 2021-22 fiscal, complete PV wholesales rose by 13 per cent to 30,69,499 items from 27,11,457 items in 2020-21.

However, complete two-wheeler dispatches declined by 11 per cent to 1,34,66,412 items in final fiscal as in contrast with 1,51,20,783 items in 2020-21.

Three-wheeler gross sales rose to 2,60,995 items final fiscal from 2,19,446 items in FY21. Similarly, complete business car wholesales additionally elevated to 7,16,566 items final fiscal as in contrast with 5,68,559 items in 2020-21.

Total gross sales throughout classes, nevertheless, declined to 1,75,13,596 items in 2021-22 as in opposition to 1,86,20,233 items in 2020-21.

SIAM President Kenichi Ayukawa famous that the yr passed by was stuffed with unexpected challenges and new studying for the business.

“Indian auto industry has worked hard against these challenges to keep the value chain running, to indigenise parts, control cost, invest in new technologies, and enhance exports. The government also came out with targeted support like PLI schemes, FAME scheme extension, etc,” he said.

Elaborating on the gross sales efficiency, he stated that regardless of some restoration from a low base, gross sales in all 4 segments of the auto business are under even the 2018-19 degree.

“While some segments like commercial vehicles and SUVs are seeing improvement in demand, the mass segments like two-wheelers and smaller cars are facing serious affordability issues. Of course, our immediate challenge in most segments is semiconductor availability,” Ayukawa stated.

On export efficiency, he said: “All four segments of the industry have increased their exports. In fact, two-wheelers achieved their highest ever exports. It is good to see that Indian products are becoming more acceptable worldwide for their quality, cost and performance.” SIAM Director General Rajesh Menon stated that total the business witnessed a de-growth of 6 per cent in FY22.

“All segments are facing supply side challenges and the industry is yet to see complete recovery following the disruptions it has been facing since early 2020,” he added.

Passenger autos, business autos and three-wheelers have witnessed a development in comparison with a low base of the business in 2020-21, however the two-wheeler segments additional declined by 11 per cent from the earlier yr, Menon famous.