November Was Bad For Auto Industry: Cars Sales Down By 19%, 2-Wheeler Sales Down By 34%; Here’s The Reason Why?
The semiconductor shortage continued to impact vehicle production further affecting passenger vehicle sales in the country.
Vehicles Sales Declined
The sales have declined by 19 pc in November as and subsequent deliveries to dealer partners, said auto industry body SIAM on Friday.
Last month, the passenger vehicle (PV) dispatches stood at 2,15,626 units, down by 19 percent from 2,64,898 units in November 2020.
At the same time, the total two-wheeler sales declined sharply by 34 percent.
It stood at 10,50,616 units last month from 16,00,379 units in the year-ago period.
Coming to three-wheelers, the total three-wheeler dispatches stood at 22,471 units.
It is down by 7 percent compared to 24,071 units in November 2020.
Last month, the total automobile sales across categories dropped to 12,88,759 units.
That is much lower compared to 18,89,348 units in the year-ago period.
Semiconductor Shortage Affecting Industry
In the meantime, the industry continues to face headwinds due to global semiconductor shortage.
During the festive season, industry was hoping to make up for the lost ground.
However, the sales in the month of November 2021, were reportedly the lowest in seven years for passenger vehicles.
According to the Society of Indian Automobile Manufacturers (SIAM) Director General, Rajesh Menon, “It is also the lowest in 11 years for two-wheelers and the lowest in 19 years for three-wheelers,”.
In the meantime, the industry is pro-actively ensuring employee safety and monitoring any supply chain hiccups, Amidst the rising threat of Omicron, the new Covid variant, he said.
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