Loading…
For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.
Passenger vehicle sales dip nearly 4 pc in March

Passenger vehicle sales dip nearly 4 pc in March

Automobile dispatches from factories to dealerships in India declined by 6 per cent in FY22, with the two-wheeler segment reporting its lowest wholesales in the last 10 years, auto industry body SIAM said on Wednesday.

Total wholesales across categories in the 2021-22 fiscal declined to 1,75,13,596 units, as against 1,86,20,233 units in 2020-21.

Two-wheeler dispatches declined by 11 per cent last financial year, while passenger vehicles (PV), commercial vehicles and three-wheelers witnessed a growth compared to the low base of 2020-21.

Total two-wheeler dispatches stood at 1,34,66,412 units last fiscal as against 1,51,20,783 units in 2020-21.

The total PV wholesales, however, rose by 13 per cent to 30,69,499 units from 27,11,457 vehicles in the COVID-hit 2020-21.

Similarly, three-wheeler sales jumped to 2,60,995 units last fiscal from 2,19,446 units in FY21.

Total commercial vehicle wholesales also increased to 7,16,566 units from 5,68,559 units in 2020-21.

SIAM noted that the two-wheeler dispatches in last fiscal were the lowest in 10 years. Similarly, passenger vehicle dispatches last fiscal were below 2017-18 and 2018-19 levels.

Barring 2020-21, three-wheeler dispatches last fiscal were the lowest in 19 years, the Society of Indian Automobile Manufacturers (SIAM) data showed.

Commercial vehicle wholesales last fiscal were also the lowest in five years, barring 2020-21.

SIAM President Kenichi Ayukawa noted that despite some recovery from a low base, sales of all four segments of the auto industry were below even the 2018-19 level.

“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,” he stated.

He further said steep increase in commodity prices, precious metals and freight rates were putting additional pressure on supply chain and profitability of the industry.

Ayukawa stated that the auto industry remained at same level as five years ago due to the various challenges plaguing it.

He noted that overall economic recovery and some tax benefits on entry-level cars and two-wheelers can help the sector.

Reflecting on the just ended fiscal, Ayukawa noted that the year was full of unforeseen challenges and new learnings for the industry.

“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 stated.

On sales growth forecast, Ayukawa said the industry was looking to post growth this fiscal but added that the chip shortage could have some adverse impact on production volumes.

“In the current situation, it is very difficult to predict the future..there is uncertainty due to Russia- Ukraine crisis…besides COVID cases are again rising in india and globally… we will continue to focus on the safety of our people, try to maximise production and sales,” he added.

The industry would also look at mitigating supply chain issues and enhance efficiency and productivity, the veteran industry leader stated.

SIAM Director General Rajesh Menon said the overall industry 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.

Overall exports last fiscal, however, climbed to 56,17,246 units as compared to 41,34,047 units in 2020-21.

“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,” Ayukawa said.

Robust dispatches to various developing nations, including African countries, boosted the overseas shipments of two-wheelers to 44,43,018 units last fiscal.

In March, domestic PV wholesales in India declined nearly 4 per cent to 2,79,501 units as against 2,90,939 units in the same month of 2021.

Two-wheeler sales also fell 21 per cent to 11,84,210 units, compared to 14,96,806 vehicles in March 2021.

Motorcycle sales declined 21 per cent to 7,86,479 units as against 9,93,996 units in March 2021. Scooter sales were also down 21 per cent at 3,60,082 units from 4,58,122 vehicles a year ago.

Read More

Comments (71)


  1. [url=https://premarin.top/]how can i get premarin cheaper[/url]

  2. [url=https://diazepamvalium.online/]o order valium for dogs[/url]

  3. [url=https://diazepamvalium.online/]valium drug[/url]

  4. [url=https://xanaxalprazolam.online/]xanax price comparison[/url]

  5. [url=https://xanaxalprazolam.online/]odwiedz strone autora[/url]

  6. [url=https://xanaxalprazolam.online/]xanax cost australia[/url]

  7. [url=https://accutaneon.online/]accutane for sale australia[/url]

  8. [url=https://accutaneon.online/]canadian pharmacy online accutane[/url]

  9. [url=https://accutaneon.online/]best generic accutane[/url]

  10. CSpenceFecyhl

    [url=https://buymolnupiravir.online/]molnupiravir tablet price online[/url]

  11. CSpenceFecygg

    [url=https://buymolnupiravir.online/]molupiravir[/url]

  12. modafinil without prescription cost modafinil 100mg

  13. http://erythromycin1m.com/# erythromycin ingredients

  14. order provigil online cheap modafinil 100mg sale

  15. buy generic modafinil 100mg modafinil generic

  16. provigil 100mg canada buy provigil 100mg sale modafinil 200mg uk

  17. provigil over the counter modafinil 100mg ca buy provigil 200mg online cheap

  18. https://erythromycin1m.com/# erythromycin generic name

  19. erythromycin eye ointment for cats erythromycin oin op

  20. erythromycin cost without insurance https://erythromycin1m.com/#

  21. qje3a

    i82wi

    e9nc

  22. 158ly

    t278p

    tsu0

  23. 7og0c

    drfti

    h9rr

  24. http://erythromycin1m.com/# erythromycin ophthalmic ointment usp

  25. lamictal vs neurontin gabapentin 400 mg cost difference between neurontin and gabapentin what are the side effects of gabapentin 600 mg

  26. super avanaful

    zithromax dosages zithromax 250 mg coupon can i take tylenol with azithromycin where to get azithromycin over the counter

  27. commander kamagra apcalis kamagra oral jelly best place to buy kamagra online how long kamagra last

  28. gabapentin 1600 mg

    zithromax for flu azithromycin tablets canada does zithromax have sulfa in it how long does it take to cure chlamydia with azithromycin

  29. ventolin online uk

    levitra cost walgreens levitra discount coupon levitra cheaper levitra discount

  30. mychelle kamagra

    albuterol nebulizer solution where can i buy albuterol online how to get a ventolin inhaler how get ventolin at pharmacia

  31. hydroxychloroquine online canada hydroxychloroquine in canada for sale

  32. albuterol 0.021

    uses for zithromax order zithromax can you take azithromycin with food how long does azithromycin keep working

  33. viagra alternative viagra sildenafil difference entre cialis et viagra viagra sous ordonnance ou pas

  34. damn show propecia cheap propecia india how long does propecia shed last how to get propecia prescription online

  35. электрический штабелер
    https://elektroshtabeler-kupit.ru

  36. штабелеры с электроподъемом
    https://www.elektroshtabeler-kupit.ru/

leave your comment


Your email address will not be published.