Ultimate magazine theme for WordPress.

Supply side constraints dent India’s auto sector Dec sales (Lead) – New Delhi News

In phrases of PVs, challenges pertaining to digital elements’ availability dragged sales decrease on a 12 months-on-12 months foundation in December. Sales of passenger autos fell to 219,421 items in December as in comparison with 252,998 items bought throughout the corresponding month of 2020.

The information furnished by the Society of Indian Automobile Manufacturers (SIAM) doesn’t embrace sales figures from some key gamers equivalent to Tata Motors.

Segment-wise, a complete of 112,873 passenger vehicles have been bought within the home market in December, down from 146,864 items bought within the like interval of 2020.

The sales of different sub-classes equivalent to utility autos (UV) grew whereas vans’ degrew on a 12 months-on-12 months foundation.As per the information, UV sales rose to 97,137 items from 94,787 items, alternatively, the off-take of vans declined to 9,411 items from 11,347 items within the 12 months-in the past interval.Besides, two-wheelers’ sales have been decrease in December 2021 at 1,006,062 items from 1,127,917 items bought within the like month of 2020.

However, three-wheelers’ sales throughout the month underneath evaluate rose to twenty-eight,111 items from 22,476 items bought throughout December 2020. Overall, the home vehicle sectors’ off-take representing the sales of passenger autos, two-wheelers, three-wheelers and quadricycle fell to 1,253,604 items from 1,403,391 items bought throughout the identical interval of final 12 months.

Furthermore, the information confirmed that exports have been flat on a YoY foundation.The general exports, together with PVs, two and three-wheelers and quadricycles rose to 463,176 items from 463,802 items throughout the identical interval of final 12 months.

“Demand of passenger vehicle segment was largely affected due to supply constraints while the two-wheeler segment was majorly impacted due to subdued demand. Sales of passenger vehicles in Q3 has been the lowest in five years, while for the two-wheelers it has been the lowest in nine years,” stated Rajesh Menon, Director General, SIAM.

“Only the ‘Heavy Goods’ segment in ‘Commercial Vehicles’ have shown positive growth compared to Q3 of previous two years. Sales of buses and three-wheelers continue to be a concern. Barring 2020, the sales of commercial vehicles in Q3 has been lowest in last 5 years and sales of three-wheelers, barring 2020, has been the lowest in last 13 years.”

According to Hemal Thakkar, Director, Crisil Research on SIAM information: “… it is very clear that passenger vehicle dealers continue to have very lean inventory and demand continues to outpace supply.”

“In case of two wheelers there is a slowdown in demand resulting in high inventory at dealers end despite two continuous months of correction by OEMs. CV sales have seen consistent recovery as economic activities continue to show consistent improvement while 3 wheelers on the back of improved mobility have seen some pick up in sales. However, impact of Omicron is something that needs to be very closely monitored in the coming months.”

Disclaimer: This story is auto-aggregated by a pc program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

Comments are closed.