Home Business Passenger Vehicle Wholesales Skid 8% Amid Chip Shortage In January

Passenger Vehicle Wholesales Skid 8% Amid Chip Shortage In January

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New Delhi: Passenger automobile dispatches from factories to sellers in India fell 8 per cent in January, primarily as a consequence of semiconductor scarcity, auto business physique SIAM stated on Friday.

The entire passenger automobile wholesales dropped to 2,54,287 items in January 2022 as in comparison with 2,76,554 items in the identical month of final 12 months.

Final month, passenger automotive dispatches stood at 1,26,693 items as in comparison with 1,53,244 items within the year-ago interval. Equally, van dispatches declined to 10,632 items within the interval underneath overview from 11,816 items in January 2021.

Utility automobile gross sales, nonetheless, elevated to 1,16,962 items final month as in comparison with 1,11,494 items in January 2021.

Complete two-wheeler dispatches declined 21 per cent to 11,28,293 items from 14,29,928 items within the year-ago interval.

Equally, three-wheeler wholesales dropped to 24,091 items final month as towards 26,794 items in January 2021.

Complete dispatches final month fell to 14,06,672 items as in comparison with 17,33,276 items in the identical month final 12 months.

“Gross sales in January 2022 once more declined in comparison with January 2021, as a consequence of each Omicron-related considerations and semiconductor scarcity. There may be clearly a requirement problem for two-wheelers as a consequence of decrease rural off-take of entry stage fashions,” Society of Indian Vehicle Producers (SIAM) Director Common Rajesh Menon stated.

Alternatively, the passenger automobile section is unable to satisfy the market demand as a consequence of provide aspect challenges, he added.

“Three wheelers proceed to be severely affected as a consequence of decrease gross sales,” Menon stated.

Final month the nation’s largest carmaker Maruti Suzuki dispatched 1,28,924 items as in comparison with 1,39,002 items in January 2021.

Hyundai Motor India witnessed its dispatches decline to 44,022 items final month as towards 52,005 items in January final 12 months.

(This story is revealed as a part of the auto-generated syndicate wire feed. Other than the headline, no modifying has been carried out within the copy by ABP Reside.)

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