Automotive News Updates

Passenger autos gross sales dip 19 computer in November as chip scarcity woes proceed: SIAM

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Passenger automobile wholesales within the nation declined by 19 computer in November because the semiconductor scarcity continued to influence automobile manufacturing and subsequent deliveries to vendor companions, auto business physique SIAM mentioned on Friday. The passenger automobile (PV) dispatches final month stood at 2,15,626 items, down 19 per cent from 2,64,898 items in November 2020.

Equally, complete two-wheeler gross sales declined sharply by 34 per cent to 10,50,616 items final month from 16,00,379 items within the year-ago interval.

Whole three-wheeler dispatches stood at 22,471 items, down 7 per cent from 24,071 items in November 2020.

Whole vehicle gross sales throughout classes drooped to 12,88,759 items final month in comparison with 18,89,348 items within the year-ago interval.

“Trade continues to face headwinds as a result of world semi-conductor scarcity. Within the festive season, business hoped to make up for the misplaced floor, however the gross sales within the month of November 2021, have been the bottom in seven years for passenger autos, the bottom in 11 years for two-wheelers and the bottom in 19 years for three-wheelers,” Society of Indian Vehicle Producers (SIAM) Director Common Rajesh Menon mentioned in a press release.

Amidst the rising risk of Omicron, the brand new Covid variant, business is pro-actively making certain worker security and monitoring any provide chain hiccups, he added.


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