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Passenger automobiles gross sales dip 19 laptop in November as chip scarcity woes proceed: SIAM

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Passenger car gross sales fell in double digits for the third straight month in November regardless of robust demand within the native market, as the worldwide scarcity of semiconductors continued to restrict manufacturing throughout automakers together with market leaders and Hyundai Motor India.

In accordance with information out there with trade physique Society of Indian Car Producers (SIAM), passenger car gross sales final month fell 18.6% to 215,626 models. Together with the gross sales of Tata Motors, which has stopped reporting month-to-month information to the SIAM, the trade quantity fell about 14%.

offered 29,778 models in November.

These are dispatches from factories to sellers and never gross sales to prospects, as automakers in India don’t report month-to-month retail gross sales.

Two-wheeler gross sales dropped a steeper 34% final month. Whereas gross sales of scooters fell 39% to 306,899 models, these of bikes slid 32% to 699,949 models in November.

Two-wheeler gross sales, particularly on the entry degree, have been hit as a consequence of an increase in costs after the transition to BS-VI emission requirements and the financial affect of the second wave of the pandemic in rural areas.

SIAM director-general Rajesh Menon stated: “Trade continues to face headwinds as a consequence of a worldwide semiconductor scarcity. Within the festive season, the trade hoped to make up for the misplaced floor, however gross sales within the month of November 2021 have been the bottom in seven years for passenger automobiles, lowest in 11 years for two-wheelers and the bottom in 19 years for three-wheelers.”

Three-wheeler gross sales final month totalled 22,471 models, a 6.6% drop from a yr earlier.

The affect of disruptions in international provide of semiconductors is clearly seen now as November noticed a decline in PV gross sales, stated Saket Mehra, companion and auto sector chief at Grant Thornton Bharat.

“Regardless of the demand capturing up throughout the festive season, the passenger car gross sales slipped 18% YoY and 17% MoM,” he stated, including: “Because the semiconductor scarcity continues to create an imbalance with lowered productions and stretched supply interval, the patron sentiment is predicted to dampen additional.”

Probabilities of restrictions because of the Omicron variant of Covid-19 are more likely to maintain producers and customers on a cautious aspect going forward, he stated.

In the meantime, home gross sales are actually anticipated to develop with stabilisation in semiconductor provides and a discount in gas costs.

Amid the rising risk of Omicron, the trade is proactively making certain worker security and monitoring the provision chain for any hiccups, Menon stated.

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Amid the rising risk of Omicron, the trade is proactively making certain worker security and monitoring the provision chain for any hiccups, Menon stated.

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