Passenger Vehicles Record 8.05 Per Cent Sales Decline In January 2022: SIAM

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Overall, the gross sales fell by 3.9 per cent, as April – January 2022 bought 13,849,266 models.

According to the gross sales knowledge revealed by the Society of Indian Automobile Manufacturers (SIAM), the passenger automobile (PV) section in India recorded a decline of 8.05 per cent to 2,54,287 models in January 2022, in comparison with 2,76,554 models bought in January 2021. Two-wheeler gross sales fell by 21.09 per cent to 11,28,293 models in January 2022 as towards 14,29,928 models bought throughout the identical time final yr. Three-wheeler gross sales additionally dipped by 10.09 per cent to 24,091 models in January 2022 from 26,794 models in January 2021. Combined, 14,06,672 models have been bought in January 2022, in comparison with 17,33,276 models bought in the identical interval final yr, registering a fall of 18.84 per cent.

The passenger automobile (PV) section in India recorded a decline of 8.05 per cent to 2,54,287 models in January 2022 interval, in comparison with 276,554 models bought in the identical interval in January 2021.

Also Read: Passenger Vehicle Sales Up By 26.66 Per Cent In 2021; 13.27 Per Cent Decline In December

As far because the manufacturing of autos goes, a complete of 18,60,809 models have been manufactured, as towards 22,06,710 models produced in January 2021, recording a tumble of 15.67 per cent, whereas exports noticed a marginal drop of 1.75 per cent, as 4,63,077 models have been distributed in January 2022, as in comparison with 14,06,672 in January 2021.

Rajesh Menon, Director General, SIAM mentioned, “Sales in the month of January 2022 again declined compared to January 2021, due to both omicron-related concerns and semiconductor shortages. There is clearly a demand issue for two-wheelers due to lower rural off-take of entry-level models. Three-wheelers continue to be severely affected due to lower sales. On the other hand, the passenger vehicle segment is unable to meet the market demand due to supply-side challenges resulting in sales in January 2022 being even lower than January 2021.”

The two-wheeler gross sales nonetheless fell by 7.81 per cent recording 11,244,208 models throughout this era as towards 12,197,112 models bought throughout April – January 2021.

Also Read: Passenger Vehicles Record 41.15 Per Cent Sales Decline In September 2021: SIAM

Moving to the cumulative home gross sales throughout April – January 2022, a complete of 24,03,125 models have been bought within the interval, as in comparison with 20,54,428 models bought throughout April – January 2021, registering a year-on-year development of 16.97 per cent. Two-wheeler gross sales nonetheless fell by 7.81 per cent recording 1,12,44,208 models throughout this era as towards 1,21,97,112 models bought throughout April – January 2021. Three-wheeler gross sales noticed a surge of 26.58 per cent, because it registered 2,01,868 models throughout April – January 2022, in comparison with 1,59,480 throughout April – January 2021.

The three-wheeler gross sales additionally dipped by 10.09 per cent to 24,091 in January 2022 from 26,794 models in January 2021.

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