Sales of passenger vehicles fell 19% in November as chip shortage continues: SIAM

New Delhi: Wholesale sales of passenger vehicles in the country declined by 19 per cent in November as shortage of semiconductors continued to affect vehicle production and subsequent deliveries to dealer partners, auto industry body SIAM said on Friday.
The dispatch of passenger vehicles (PVs) last month was 2,15,626 units, down 19 per cent from 2,64,898 units in November 2020.
Similarly, total two-wheeler sales fell 34 per cent to 10,50,616 units last month from 16,00,379 units in the same period last year.
The total dispatch of three-wheelers was 22,471 units, down 7% from 24,071 units in November 2020.
Total automobile sales in the category fell to 12,88,759 units last month from 18,89,348 units in the year-ago period.
“The industry continues to face difficulties due to the shortage of global semiconductors. During the festive season, the industry hoped to make up for lost ground, but November 2021 saw the lowest sales in seven years. Passenger vehicles, The lowest in 11 years for two-wheelers and the lowest in 19 years for three-wheelers, “said Rajesh Mann, director general of the Society of Indian Automobile Manufacturers (SIAM) in a statement.
Amid the growing threat of Omicron, The new Covid variant, the industry is actively ensuring employee safety and monitoring any supply chain hiccups, he added.


Source link

Leave a Comment