On Friday, the Society of Indian Automobile Manufacturers (SIAM) said: Automobile wholesales in India declined 11 per cent year-on-year in August, as the semiconductor shortage hit production processes across the industry, SIAM said on Friday. The overall sales for segregated categories, only excluding the commercial vehicles, dipped to 15,86,873 units a past month, against the 17,90,115 units in August 2020.
As per the latest data released by SIAM, all the two-wheelers delivered by OEMs to dealers were declined for dispatch but passenger vehicle and three-wheeler sales saw a surge last year in August 2020. The total vehicle sales from the OEMs unit to their respective dealers surged by 7 per cent to 2,32,224 units in August, quite higher than the 2,15,916 units sold the last year.
Meanwhile, the three-wheeler sales went up by 60 per cent to 23,210 the previous month. Addressing the sales figure last month, SIAM Director General Rajesh Menon averred that “The Indian automobile industry is reeling under pressure due to supply chain challenges.”
“The global semiconductor shortage continues and now it is having an acute impact on output across the auto industry The usage of semiconductors in the auto industry has gone up globally in recent times, with technological advancements and new models coming with more and more electronic features such as Bluetooth connectivity and driver-assist, navigation and hybrid-electric systems, besides the engine control unit,” he added.
However, after measuring the aggregate sales, it was seen that the cumulative sales of passenger vehicles from April to August, this fiscal year, is lower when compared to the year 2016-17, while the two-wheeler segment is less than the 2011-12 year, and the three-wheeler segment witnessed much lower figures.