The passenger automobile phase has recorded a year-on-year (YoY) gross sales decline of three.84 per cent promoting 2,51,581 items as in comparison with 2,61,633 items bought in the identical month a 12 months in the past.
View PhotosThe passenger automobile phase has recorded a year-on-year (YoY) gross sales decline of three.84 per cent.
The passenger automobile (PV) phase continues bearing the brunt of the provision chain disaster owing to the semiconductor scarcity. The passenger automobile phase has recorded a year-on-year (YoY) gross sales decline of three.84 per cent promoting 2,51,581 items as in comparison with 2,61,633 items bought in the identical month a 12 months in the past, whereas it recorded a month-on- month (MoM) gross sales decline of 9.98 per cent as 2,79,501 items of PVs had been bought in March 2022. Sales of passenger automobiles noticed a double-digit drop of 20.06 per cent promoting 1,12,857 items final month as in comparison with 1,41,194 items bought in the identical month a 12 months in the past. Sales of Vans stay flat at 11,511 items as in comparison with 11,568 items bought in the identical interval a 12 months in the past. However, the utility automobile (primarily SUVs) phase continued with its progress trajectory promoting 127,213 items in April 2022 as in comparison with 1,08,871 items bought in the identical month a 12 months in the past, an uptick of 16.84 per cent.
Rajesh Menon, Director General, SIAM stated, “Sales of Passenger Vehicles is still below the April 2017 figures, while Two Wheelers are even below the April 2012 figures. Three-Wheelers are yet to reach normal levels, as sales are still less than 50 % of April 2016 figures. Manufacturers are working hard to manage the supplier ecosystem with agility and flexibility, as supply side challenges continues for the industry. Further, manufacturers are also monitoring the likely impact on demand, due to the recent hike in repo-rates , as it would increase the lending rates to the customers.”
Overall, the trade has recorded a progress of 11.85 per cent promoting.
0 Comments
In the identical month, gross sales of two-wheelers went up by 15.43 per cent promoting 11,48,696 items as in comparison with 9,95,115 items in the identical month a 12 months in the past. Three-wheeler gross sales noticed a wholesome surge of 51.11 per cent promoting 20,938 items as in comparison with 13,856 items bought in the identical month a 12 months in the past. However, the gross sales progress within the two-wheeler and three-wheeler area is primarily attributed to a low base final 12 months as these segments had been nonetheless recovering from the aftershocks of the lockdown and purchaser sentiments had been subdued. Overall, the trade has recorded a progress of 11.85 per cent promoting 14,21,241 items as in comparison with 12,70,604 items bought in the identical month a 12 months in the past.
For the most recent auto information and opinions, observe on carandbike.com Twitter, Facebookand subscribe to our YouTube channel.
,
With inputs from NDTV
