Automobile manufacturers dispatched about 1.27 million vehicles, including passenger vehicles, two-wheelers and three-wheelers, to dealers in April, lower by 34 per cent compared to about 2.279 million vehicles dispatched in April 2019 due to the impact of the second wave of the coronavirus pandemic, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Auto sales are a key barometer of the economic condition of the country.No year-on-year comparison data is available due to the national lockdown in April 2020, which led to zero sales during the month.
Sales of two-wheelers during April stood at 995,097, 39 per cent lower than in April 2019. Only passenger vehicle sales reflected a healthy volume growth registering a growth of 5.7 per cent over April 2019.
Lockdown in States hits vehicles sales: SIAM
May 12, 2021
Passenger vehicle, two-wheeler sales decline in April on sequential basis
As expected, the Covid wave has impacted the sales of vehicles in April, the Society of Indian Automobile Manufacturers (SIAM) said on Wednesday, adding that dispatches (to dealers) of passenger vehicles fell by 10 per cent compared to March due to various restrictions in States.
Dispatches of two-wheelers in the domestic market have plummeted by 33 per cent, while three-wheelers witnessed a de-growth of 51 per cent from March to April, the industry body said in its monthly sales report.
“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-19, both in terms of low consumer sentiments and closure of dealerships due to lockdown restrictions,” Rajesh Menon, Director General, SIAM, said.
Covid lockdowns slammed the brakes on vehicle sales: SIAM
May 12, 2021
Sales of passenger vehicles, 2-wheelers decline in April on sequential basis
As expected, the second wave of Covid-19 that hit India early last month adversely impacted vehicle sales in April, the Society of Indian Automobile Manufacturers (SIAM) said on Wednesday, adding that dispatches (to dealers) of passenger vehicles fell by 10 per cent compared to March 2021, due to various restrictions in States.
Dispatches of two-wheelers in the domestic market have also plummeted by 33 per cent, while three-wheelers witnessed a de-growth of 51 per cent from March to April, the industry body said in its monthly sales report.
Representational image only.
The wholesales of passenger vehicles stood at over 2.61 lakh units in April, a month-on-month decline of 10.7% from 2.90 lakh units sold in March 2021. Automobile manufacturers dispatched about 12.70 lakh vehicles, including passenger vehicles, two-wheelers and three wheelers, to dealers in April, lower by 30% compared to about 18.19 lakh vehicles dispatched in March 2021 due to the impact of the second wave of the coronavirus pandemic, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
The wholesales of passenger vehicles stood at over 2.61 lakh units in April, a month-on-month decline of 10.7% from 2.90 lakh units sold in March 2021, due to various restrictions in States which have been experiencing surge in COVID-19 cases.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Digital Transformation and Sustainability Evangelist Vijay Sethi Joins the Advisory Board of Cyble
May 11, 2021 GMT
Digital Transformation and Sustainability Evangelist Vijay Sethi Joins the Advisory Board of Cyble (Photo: Business Wire)
Digital Transformation and Sustainability Evangelist Vijay Sethi Joins the Advisory Board of Cyble (Photo: Business Wire)
ALPHARETTA, Ga. (BUSINESS WIRE) May 11, 2021
Cyble, an AI-powered, Y Combinator-backed, cyber intelligence company that empowers organizations with darkweb/cybercrime monitoring and mitigation services, today announced the addition of eminent technology and sustainability evangelist Vijay Sethi to its Advisory Board. Vijay has rich experience in advising and mentoring corporates and startups in various facets of management, digital transformation, and sustainability.