“Amidst such challenging and uncertain business environment, Industry is trying to maximize production and sales. However, sales for the period of April to July 2021 for the Passenger Vehicle segment are still lower than the level of 2016-17; for the Two-wheeler segment, still lower than the level of 2010-11; and the Three-wheeler segment has been pushed back by many years,” he added.
As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), the two-wheeler dispatches from the OEMs to dealerships witnessed a sudden decrease of 2%t to 12,53,937 units by July, against the 12,81,354 units in the year-ago period.
Motorcycle sales reached 8,37,096 units past month compared to the 8,88,520 units in July 2020, which dipped at 6%.
Scooter sales rose to 10% to 3,66,292 units from 3,34,288 units. At a similar pace, three-wheeler sales increased by 41% to 17,888 units the previous month compared to 12,728 units in the previous fiscal. The overall sales across various categories, excluding commercial vehicles, resulted at 15,36,269 units against the 14,76,861 units in July a year ago.