Automobile dispatches dip 23% in February as supply-side challenges proceed: SIAM
Automobile dispatches from factories to dealerships throughout the nation declined 23 per cent in February, as varied supply-side challenges, together with semiconductor scarcity, and rise in automobile costs as a result of implementation of latest laws continued to influence demand state of affairs, trade physique SIAM mentioned on Friday.
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Wholesales of home passenger autos, two-wheelers and three-wheelers declined 23 per cent to 13,28,027 models final month, in contrast with 17,35,909 models in February 2021.
Overall, passenger automobile dispatches in February 2022 declined six per cent to 2,62,984 models, in contrast with 2,81,380 models in the identical month of final 12 months.
Passenger vehicles wholesales stood at 1,33,572 models final month as in contrast with 1,55,128 models in February 2021. However, utility automobile dispatches elevated to 1,20,122 models as towards 1,14,350 models in the identical interval of final 12 months.
Sales of vans, nonetheless, declined to 9,290 models final month, in contrast with 11,902 models in February 2021.
Similarly, complete two-wheeler wholesales declined to 10,37,994 models in February as towards 14,26,865 models in the identical month final 12 months, a drop of 27 per cent.
Scooter wholesales dipped to three,44,137 models in February, towards 4,65,097 models in the identical interval final month.
Motorcycle gross sales additionally declined to six,58,009 models final month as towards 9,10,323 models in February 2021.
Similarly, three-wheeler gross sales declined marginally to 27,039 models final month as in contrast with 27,656 models in February 2021.
“Continuing supply-side challenges like semiconductor shortages, increase in cost due to new regulations, higher commodity prices and higher logistics cost, etc., have impacted overall sales in the auto industry,” Society of Indian Automobile Manufacturers (SIAM) Director-General Rajesh Menon acknowledged.
Industry is intently watching the attainable influence of the continuing Russia-Ukraine battle, as international provide chains might come underneath stress, he added.
Last month, the full manufacturing of passenger autos, three-wheelers, two-wheelers and quadricycles declined 20 per cent to 17,95,514 models as in contrast with 22,53,241 models in February 2021.
