Passenger vehicles record a 41.15% drop in sales in September 2021: SIAM

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Passenger vehicle sales have been hit due to the persistent problem of semiconductor shortage.

According to sales data released by the Society of Indian Automobile Manufacturers (SIAM), the passenger vehicle (PV) segment in India saw a sharp decline of 41.15% in September 2021 as it sold 1,60,070 units versus 2,72 027 units sold. the same month a year ago. The passenger car segment recorded a fall of 60.82% selling 64,235 units in September compared to 1,63,981 units sold last year while the commercial vehicle (UV) segment recorded a decrease of 9.22% in September. selling 96,633 units against 87,720 units. The minivan segment also recorded a decline of 28.89% selling 8,115 units compared to 11,413 units sold a year ago. In the same month, sales of two-wheelers fell 17.35 percent with 15,282,472 units sold, compared to 18,496,546 units sold in the same month last year.

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Passenger car sales fell 60.82% in September 2021.

The decline in sales is mainly attributed to supply constraints due to the continued shortage of chips globally. That said, passenger vehicle sales during the period July-September 2021 or the second quarter of fiscal 2022 increased by 2.07% selling 741,300 units compared to 726,232 units during the same. period last year. However, two-wheeler sales fell 12.29 percent to 46,90,565 units, compared to 41 13,916 units sold in the same period a year ago.

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Royal Enfield Honda leads two-wheel sales

Two-wheeler sales also took a hit in September 2021.

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During the period from April to September 2021 or the first half of fiscal 2022, the passenger vehicle segment recorded healthy growth of 57.68%, selling 13 87,570 units against 8,796,666 units. Two-wheeler sales also increased 8.89% with 65 17,616 units sold, compared to 59,854,074 units sold in the same period a year ago. Quarterly sales growth is attributed to a weak base last year given the nationwide lockdown to prevent the spread of COVID-19.

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