Page 22 - ஆட்டோமொபைல் விநியோகஸ்தர் சங்கங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
India Inc welcomes vehicle Scrappage Policy
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Automobile manufacturers, dealers hail Centre s newly announced vehicle scrappage policy
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Scrappage policy will promote safer, cleaner vehicles, says auto industry
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Indian auto industry, along with its global peers, continues to face issues in the supply of semi-conductors. In fact, commenting on auto sales and registrations during February, two prominent industry bodies highlighted the issue of unavailability of semi-conductors. Ratings agency CRISIL, however, feels the shortfall in semi-conductors would remain till the first quarter of FY2022 before the supply is normalised.
According to data from the Society of Indian Automobile Manufacturers (SIAM) while the sales numbers in February are encouraging, on a cumulative basis, there is a decline. Between April 2020 and February 2021, total 161,42,637 units were sold compared with 197,65,500 units sold in the same period a year ago, it says.
0 Comments The Federation of Automobile Dealers Associations (FADA) has released the monthly vehicle registration data for February 2021, which saw overall sales of 14,99,036 units (Feb 2020: 17,31,628 units) a decline of 13.43 percent year-on-year (YoY). Interestingly, the tractor segment continues to report robust growth, while the passenger vehicle (PV) sales were in the green albeit a low-year ago base.
Passenger vehicles sales up 10.59 percent year on year
Two-wheeler segment down by 16.08 percent YoY
Semi-conductor shortages impacting vehicle demand
Shortage of semi-conductor can impact demand momentum Commenting on the auto retail sales number, Vinkesh Gulati, president, FADA said, “Auto registrations continued to fall in double digits by -13.43 percent YoY in the month of February. While tractors maintained their outperformance compared to the broader market, passenger vehicles witnessed double digit growth on