Auto sales fall 30% in April compared with the previous month Second wave of the coronavirus that led to states imposing restrictions cited as major reason behind slump
Auto sales fell 30 per cent in April compared with the previous month because of the second wave of the coronavirus that led to states imposing restrictions.
“Supply chain related production challenges continue with the lockdown restrictions in many parts of the country. The demand has been clearly impacted by the second wave of Covid-19, both in terms of low consumer sentiments and closure of dealerships due to lockdown restrictions,” Rajesh Menon, director-general of the Society of Indian Automobile Manufacturers (Siam), said.
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Automobile sales, including passenger vehicles (PVs), three wheelers (3W) and two-wheelers (2W), fell more than 30%, mainly due to lock-downs and diversion of resources by auto-makers towards oxygen production amidst the second wave of coronavirus (COVID), says Society of Indian Automobile Manufacturers (SIAM).
In a statement, Rajesh Menon, director general of SIAM says, Supply Chain related production challenges continue with the lockdown restrictions in many parts of the country. The demand has been clearly impacted by second wave of COVID, both in terms of low consumer sentiments and closure of dealerships due to lockdown restrictions.”
According to SIAM data, sales of passenger vehicles fell by about 10.07%, compared to that in March 2021, due to various restrictions in states which have been experiencing surge in COVID cases. Sales of two-wheelers have also plummeted by 33.52 %, while three-wheelers witnessed a de-growth of 57.01 % in April compared with last
Auto sales dip month-on-month in April due to rise in Covid-19 cases: SIAM
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As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales last month stood at 261,633 units, two-wheeler sales at 995,097 units and three-wheeler sales at 13,728 units. The data does not include volumes of Tata Motors, which has stopped reporting monthly sales to SIAM.
Sales of passenger vehicles fell by 10.07 %, compared to March 2021, due to various restrictions in states which have been experiencing surge in COVID-19 cases, said Rajesh Menon, Director General, SIAM.
Automobile sales declined in double-digits over March last month, mainly due to the restrictions imposed by local administrations to contain the sharp rise in Covid-19 cases in the country. The industry had recorded zero sales in the same period last year amid a nationwide lockdown.
Passenger vehicle sales in March 2021, stood at 2,90,939 units. There were no passenger vehicle sales in April 2020, due to coronavirus-led nationwide lockdown. As expected, the COVID wave has impacted the sales of vehicles in the month of April 2021. Sales of passenger vehicles fell by about 10.07 per cent, compared to March 2021, due to various restrictions in states which have been experiencing a surge in COVID-19 cases, SIAM Director General Rajesh Menon said. As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers declined by 33 per cent to 9,95,097 units last month, as compared to 14,96,806 units in March.
PVs sales down 10.07%; 33.52% dip in 2-wheeler units as lockdowns hit auto industry: SIAM
Supply chain related production challenges continue with the lockdown restrictions in many parts of the country. In the three-wheeler category, 13,728 units were sold in April 2021 compared to 31,930 units sold in March, thereby showing a 57.01 per cent decline
BusinessToday.In | May 12, 2021 | Updated 12:31 IST
The auto industry has been majorly impacted due to the second wave of Covid-19
Passenger vehicle wholesale stood at 261,633 units in April 2021 compared to 2,90,939 sales recorded in March, a 10.07 per cent decline in auto sales, the SIAM (Society of Indian Automobile Manufacturers) data shows. The auto industry has been majorly impacted due to the second wave of Covid-19, which has forced auto companies to shut plants across India. A spate of lockdowns in various states across the country have impaired dealers from conducting business.