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Motown sees gross sales droop 11% in August as corporations lower output

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Passenger car gross sales in India fell from a month earlier in August, as automakers curtailed manufacturing of vehicles and SUVs regardless of sturdy demand as a result of a scarcity of semiconductors.

The numbers, although, have been larger than a yr earlier, primarily due to a low base.

As many as 232,224 passenger automobiles have been offered within the native market final month, a rise of seven.6% over 215,916 items offered a yr earlier, in accordance with information launched by the Society of Indian Car Producers (SIAM).

Business quantity could be larger at 260,242 items if the numbers of are included. The producer of the Safari and Nexon has stopped reporting information on a month-to-month foundation to SIAM, however releases the numbers to the media on the first of each month.

Passenger car producers, together with Tata Motors, had offered 294,627 items in July 2021.

In the meantime, three-wheeler gross sales, which had been below stress for lengthy, rose almost 60% from a yr earlier to 23,210 items — in all probability a results of rising demand for autorickshaw rides from commuters and buyers amid easing issues over Covid-19.

Two-wheeler gross sales, nevertheless, continued to stay below stress as customers on the entry-level refrained from showrooms amid financial pressures submit the pandemic. Gross sales of scooters and bikes final month fell virtually 15% to 1,331,436 items. Whereas wholesale volumes of scooters slid marginally by 1% to 451,967 items, these of bikes declined by a fifth to 825,849 items.

Automakers in India report wholesale dispatches from factories and never retail gross sales made by sellers to clients.

SIAM director-general Rajesh Menon mentioned the Indian vehicle business was reeling below stress as a result of provide chain challenges. “The worldwide semiconductor scarcity continues and now it’s having an acute affect on output throughout the auto business. As well as, excessive commodity costs are rising the price of manufacturing,” he mentioned.

In opposition to such sturdy headwinds and the pandemic, SIAM members are working arduous to satisfy buyer demand and expectations, whereas guaranteeing security of their folks throughout the worth chain, he added.

A research of cumulative gross sales from April to August 2021, Menon mentioned, revealed that regardless of the restoration being seen out there submit the 2 waves of Covid, the passenger car phase was nonetheless beneath the extent recorded in 2016-17, whereas the two-wheeler phase was decrease than the 2011-12 stage. In three-wheelers, it was behind by a few years.

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