As per the latest data, overall passenger vehicle dispatches from companies to dealers stood at 41,01,600 units, up 8 percent from 37,92,444 units in the 2022 calendar year.
Passenger vehicle dispatches from factories to dealers in India fell 8 per cent in January, mainly due to semiconductor shortage, auto industry body SIAM said on Friday.
PV sales in India at ten-year low, industry working hard to regain volumes: SIAM
SECTIONS
Last Updated: Jan 14, 2021, 07:55 PM IST
Share
Synopsis
While releasing the wholesale numbers for December and the third quarter (October-December) of the current fiscal, the industry body said high levels of uncertainty remain in the industry due to COVID-19 situation and shortage of critical components like semiconductors.
SIAM noted that sales improvement in December and the third quarter did not convey the actual picture of the auto industry, which continues to face severe headwinds.
Passenger vehicle wholesales in India slipped to a ten-year low in the April-December this fiscal, and the industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday.