Overall, the business has registered a decline of 31.78 per cent at 12,88,749 items as in comparison with 18,89,348 items offered in the identical month final yr.
see picturesSemiconductor’s difficulty on auto gross sales continues.
The semiconductor disaster is taking a toll on auto gross sales in India. The business has additionally reported a drop in gross sales within the month of Diwali as reductions have been decreased throughout the business as a consequence of provide constraints. The passenger automobile section has witnessed a year-on-year (YoY) decline of 18.60 per cent at 2,15,626 items as in comparison with 2,64,898 items offered in the identical month a yr in the past. Passenger automobile gross sales declined by 32.70 per cent to 1,00,906 items as in comparison with 1,49,949 items offered in the identical month final yr. That mentioned, the SUV nonetheless registered a marginal progress of 1.51 per cent in gross sales at 1,05,091 items in November as in comparison with 1,03,525 items offered a yr in the past. The van section has witnessed a decline of 15.71 per cent at 9,629 items as in comparison with 11,424 items offered final yr.
Read additionally: Major automakers to design their very own semiconductor chips by 2025: Report
The exemption was decreased throughout the business even in the course of the festive season interval.
In different segments, two-wheeler gross sales declined by 34.35 per cent to 10,50,616 items as towards 16,00,379 items offered a yr in the past. The three-wheeler section witnessed a decline of 6.64 per cent at 22,471 items as in comparison with 24,071 items offered a yr in the past. At the identical time, solely 46 items of the quadricycle have been offered in India. Overall, the business has registered a decline of 31.78 per cent at 12,88,749 items as in comparison with 18,89,348 items offered in the identical month final yr.
Read additionally: Discounts on automobiles hit a three-year low this festive season as semiconductor points worsen
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As already talked about, the drop in gross sales is principally attributable to the chip scarcity difficulty your complete auto business has been grappling with for the reason that starting of the yr. However, two-wheeler gross sales have additionally seen a decline as a consequence of weak demand in rural areas. According to business consultants, the semiconductor downside will influence gross sales for a minimum of H1 of calendar yr 2022 and the scenario is anticipated to enhance solely after the second quarter of CY 2022.
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With inputs from NDTV
