PV sales in November lowest in 7 years: SIAM
Poor sales performance continue to grapple auto industry in India as production capacities of the manufacturer remain constrained due to global shortage of semiconductor chips
New Delhi, Dec 10: Poor sales performance continue to grapple auto industry in India as production capacities of the manufacturer remain constrained due to global shortage of semiconductor chips. The Society of Indian Automobile Manufacturers (SIAM) on Friday said that the Passenger vehicle (PV) wholesales in the country have declined by 19 percent in the month of November.
While the total PV sales were recorded at 215,626 units in November 2021, whereas in the same month last year, 264,898 units were sold in the domestic market. Similarly, two-wheeler segment too has witnessed decline with 10,50,616 unit sales in last month this year in comparison to 16,00,379 unit sale in November 2020.
Commenting on November 2021 sales data, Mr. Rajesh Menon, Director General, SIAM said, "Industry continues to face headwinds due to global semi-conductor shortage. In the festive season, Industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were lowest in 7 years for Passenger Vehicles, lowest in 11 years for Two-Wheelers and lowest in 19 years for Three-Wheelers. Amidst the rising threat of Omicron, the new Covid variant, Industry is pro-actively ensuring employee safety and monitoring any supply chain hiccups."
For three-wheeler segment, the total sales in November 2021 stood at 22,471 units in comparison to 24,071 units sales for the same month in 2020. While total sales of PV, Three Wheelers, Two Wheelers and Quadricycles stood at 12,88,759 units for the month of November 2021, the total production, as reported by SIAM, for last month was 16,96,012 units.