Passenger vehicle shipments fall 4% in April due to persistent supply-side challenges

Domestic wholesale trade (shipments to dealers) of passenger vehicles fell 4% year-on-year (YoY) in April to 2,51,581 units, from 2,61,633 units in the same month last year.

According to the Society of Indian Automobile Manufacturers (SIAM) monthly report, passenger car segment sales fell more than 20% year-on-year to 1,12,857 units in the month from 1,41,194 units in the month. correspondent last year.

However, the commercial vehicle segment grew 17% year-on-year to 1,27,213 units (1,08,871 units).

The three-wheeler segment grew 51% to 20,938 units (13,856 units), SIAM said.

Two-wheeler sales increased by more than 15% to 11,48,696 units (9,95,115 units). While scooter sales increased over 24% to 3,74,556 units (3,01,279 units)

motorcycle sales increased by more than 10% to 7,35,360 units (6,67,859 units). After several months, sales of two-wheelers have seen positive growth.

According to Rajesh Menon, Managing Director of SIAM, sales of passenger vehicles are still below April 2017 figures, while two-wheelers are even below April 2012 figures, and three-wheelers have not not yet reached normal levels, as sales are still less than 50% of April 2016 figures.

Impact on demand

“Manufacturers are working hard to manage the vendor ecosystem with agility and flexibility as supply-side challenges continue for the industry. In addition, manufacturers are also monitoring the likely impact on demand, in due to the recent hike in repo rates as it would increase lending rates to customers,” he said.

Overall, domestic sales across all categories reached 14,21,241 units, up 12% from 12,70,604 units in April last year.

Published on

May 11, 2022

Previous Power Min asks PFC and REC to provide short-term loans to imported coal plants
Next Government asks PFC and REC to provide short-term loans to imported coal-fired power plants