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Passenger vehicle sales drop by 13 pc, 2-wheeler sales down by 11 pc in Dec: SIAM SIAM Report
Image Credit: Pixabay

Passenger vehicle sales drop by 13 pc, 2-wheeler sales down by 11 pc in Dec: SIAM

India Blooms News Service | @indiablooms | 14 Jan 2022, 07:04 pm

New Delhi/UNI: Amidst supply constraints and spread of Omicron, passenger vehicle sales in India fell 13 percent to 2,19,421 units last month from 2,52,998 in December 2020. The sales of two-wheelers also fell 11 per cent to 10,06,062 units, from 11,27,917 in December 2020, the Society of Indian Automobile Manufacturers (SIAM) said on Friday.

The auto industry sales performance data by SIAM showed motorcycle sales declining by 2 per cent to 7,26,587 units as against 7,44,237 in December 2020. Scooter sales were down by 24 per cent at 2,46,080 units from 3,23,757 a year ago.

The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycle in December 2021 was 16,38,111 units.

In October-December quarter this fiscal, passenger vehicle sales declined 15 per cent to 7,61,124 units from 8,97,908 units in the year-ago period.

Two-wheeler sales during the quarter ended December dropped 25 per cent to 35,98,299 units, down from 47,82,110 units in the same period a year ago.

According to Rajesh Menon, Director General, SIAM, sales of passenger vehicles in Q3 was the lowest in five years while for two-wheelers it has been the lowest in nine years.

Only the heavy goods segment in commercial vehicles have shown a positive growth compared to Q3 of the previous two years.

Commercial vehicle sales saw a marginal increase at 1,94,712 units in the quarter under review against 1,93,034 units in October-December 2020.

Vehicle sales across categories during the third quarter declined year-on-year by 22 per cent to 46,36,549 units from 59,46,283.

The total production of passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycle in October-December 2021 was 58,57,511 units.

“Quarter 3 sales including those of the festive season were not as per expectations," said Kenichi Ayukawa, President SIAM.

"All segments are still behind by many years and the industry is working hard to maximize production and minimise the impact of supply constraints while ensuring safety of people in the entire value chain,” he said.

“The industry is looking forward to leverage the benefits of these schemes for increasing localisation and exports,” he added.

According to Menon, demand of the passenger vehicle segment was largely affected due to supply constraints while the two-wheeler segment was majorly impacted due to subdued demand. Sales of buses and three-wheelers continue to be a concern.