Despatch of passenger vehicles dropped by 41% in September, semiconductor chip shortage
According to new data from Siyam, the dispatch of two-wheelers has seen a decline of 17 percent in September 2020 as compared to 1849546. With which motorcycle dispatches declined by 22 percent to 948161 units last month. Whereas in the year-ago period it was 1224117.
Passenger Vehicles Sales: Passenger vehicle wholesale sales in India saw a 41 percent year-on-year decline in September as per data shared by auto industry body SIAM, as automobile manufacturers were forced to produce enough units due to a semiconductor shortage. had to fight for Passenger vehicle sales last month stood at 1,60,070 units as against 2,72,027 units in the year-ago period.
Dispatches of two-wheelers to dealers also saw a decline of 17 percent at 15,28,472 units as compared to 18,49,546 in September 2020, according to new data from the Society of Indian Automobile Manufacturers (SIAM). With this, motorcycle dispatches declined by 22 percent to 9,48,161 units last month as compared to 12,24,117 in the year-ago period. With this, scooter sales also declined by 7 percent to 5,17,239 units from 5,56,205 units a year ago.
Overall, vehicle sales across all categories declined by 20 percent year-on-year to 17,17,728 units from 21,40,549 units in the same period last month. Last month, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles stood at 2,125,304 units, a decline of 19 percent over September 2020. The wholesale sales of passenger vehicles in the July-September quarter stood at 7,41,300 units, a marginal growth of 2 percent as compared to 7,26,232 units in the corresponding period of the previous fiscal.
SIAM President Kenichi Ayukawa said that the “Indian automobile industry is facing new challenges. While on the one hand, we are seeing an improvement in the demand for vehicles, on the other hand, the shortage of semiconductor chips is becoming a major concern for the industry. Several member automakers have scaled down their production plans. "High raw material prices also remain a challenge. The industry is taking all possible measures to minimize the impact of such supply chain issues and optimize production," Ayukawa said.