Passenger vehicle sales in India increased by 45% in July: SIAM

Passenger vehicle wholesales in India increased by 45% to 2,64,442 units in July against 1,82,779 units in the same month last year, auto industry body SIAM said today.

Passenger vehicle wholesales in India hiked by 45% to 2,64,442 units in July compared to 1,82,779 units in a similar month last year, auto industry body SIAM informed today.Acknowledging the July 2021 sales data, Rajesh Menon, Director General, SIAM said: “Indian Automobile Industry continues to face heavy headwinds in the form of global semi-conductor shortage and steep rise in commodity prices. On one hand, the industry is managing such supply chain challenges while ensuring the safety of its people, and on the other hand, Industry is also keeping a close eye on the onset of the 3rd wave in India and across the world.”

“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.

Source Money Control
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