Passenger Vehicle Sales Skid 19 Per Cent In November Due To Chip Shortage: SIAM
Two-wheeler sales dipped sharply by 34 per cent to 10,50,616 units last month from 16,00,379 units in the year-ago period
New Delhi: The domestic wholesales of passenger vehicles (PV) in the country declined by 19 per cent in November as the semiconductor shortage continued to impact vehicle production and subsequent deliveries to dealer partners, Society of Indian Automobile Manufacturers (SIAM) said on Friday.
According to a statement of the auto industry body, the passenger vehicle dispatches last month stood at 2,15,626 units, down 19 per cent from 2,64,898 units in November 2020.
Similarly, total two-wheeler sales dipped sharply by 34 per cent to 10,50,616 units last month from 16,00,379 units in the year-ago period.
Total three-wheeler dispatches stood at 22,471 units, down 7 per cent from 24,071 units in November 2020.
Total automobile sales across categories drooped to 12,88,759 units last month compared to 18,89,348 units in the year-ago period.
“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 the lowest in seven years for passenger vehicles, the lowest in 11 years for two-wheelers and the lowest in 19 years for three-wheelers,” SIAM Director General Rajesh Menon said in a statement.
Amidst the rising threat of Omicron, the new Covid variant, industry is pro-actively ensuring employee safety and monitoring any supply chain hiccups, he added.
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