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Passenger car gross sales fall for 4th straight month in December

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Passenger car (PV) gross sales fell for the fourth consecutive month regardless of robust demand within the native market in December, as the worldwide scarcity of semiconductors cramped manufacturing throughout automakers, together with market leaders Suzuki and Hyundai Motor India.

Trade estimates as many as 2,55,000 passenger autos have been dispatched from factories final month, a decline of round 8% over 2,77,000 models offered within the year-ago interval.

General, although, gross sales of passenger autos within the native market breached the three million-mark for the third time final calendar 12 months, rising by about 27% to three.08 million models. PV gross sales had beforehand crossed the 3-million mark in 2017 and 2018.

Automakers in India report wholesale dispatches made to sellers and never retail gross sales to clients. Maruti Suzuki offered 123,016 models final month – a decline of 13% over 140,754 models offered in Dec 2020.

“Provide constraints of semiconductors have been progressively bettering. We achieved rather less than 90% of our deliberate manufacturing final month, up from 40% in September and 60% in October. Nonetheless, it can nonetheless take some extra time for provide chains globally to normalise,” Shashank Srivastava, senior govt director (advertising and gross sales) at Maruti Suzuki, informed ET. Demand momentum available in the market, nonetheless, stays sturdy.

“Whereas demand stays sturdy with reserving influx, enquiries rising over final 12 months, there are some uncertainties. Now we have to see how inflation, excessive commodity costs, and the resultant worth hikes affect client sentiments,” added a cautiously optimistic Srivastava concerning the prospects for 2022. Maruti Suzuki at the moment has pending orders of 230,000 models.

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