In accordance with information from business physique Society of Indian Vehicle Producers (SIAM), carmakers bought 219,421 passenger autos within the home market in December, down 13% year-on-year.
The decline in gross sales is about 8% decrease when Tata Motors’ numbers are included. Tata Motors, which has stopped reporting information to SIAM on a month-to-month foundation. Final month 35,299 passenger autos had been bought.
Passenger car gross sales within the native market grew roughly 27% to three.08 million items for the complete yr 2021. Passenger car gross sales had earlier crossed the three million mark in 2017 and 2018.
Automakers in India report bulk dispatch from factories and never retailing prospects.
Within the third quarter of the fiscal yr ended December, passenger car gross sales fell 15% year-on-year to 761,124 items, primarily as a result of world chip shortages that pressured nearly all carmakers to chop manufacturing.
Two-wheeler gross sales within the home market declined 25% to three,598,299 items within the third quarter as a result of rise in acquisition prices and the continued financial impression of the second wave of the pandemic in rural markets.
Two-wheeler gross sales fell 11% to 1,006,062 items for December.
Kenichi Ayukawa, president and managing director and CEO of Maruti Suzuki, SIAM, stated, “The third quarter gross sales, together with the festive season, weren’t as anticipated.” “All segments are nonetheless a number of years behind. The business is working arduous to maximise manufacturing and decrease the impression of provide constraints whereas making certain the security of individuals throughout the worth chain.”
SIAM Director Normal Rajesh Menon stated passenger car gross sales within the third quarter had been largely impacted by provide constraints, whereas the two-wheeler section was hit by weak demand.