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India Business News: Passenger vehicles sales totalled 2.64 lakh units in July as compared to 1.82 lakh units in the same month of 2020 and 1.9 lakh in the year before, th
New Delhi [India], June 11 (ANI): The automobile industry produced 8.06 lakh units in May but sales declined in strong double-digits with several state governments imposing lockdowns to check the spread of COVID-19's second wave.
Passenger vehicle sales in India dip 66% in May as Covid disruptions take toll: Siam
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Passenger vehicle sales in India dip 66% in May as Covid disruptions take toll: Siam
PTI / Jun 11, 2021, 14:13 IST
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NEW DELHI: Passenger vehicle wholesales in India witnessed a month-on-month decline of 66 per cent in May as lockdowns across various states impacted dispatches to dealers, auto industry body Siam said on Friday.
Passenger vehicle wholesales in May stood at 88,045 units, as compared to 2,61,633 units in April.
As per the latest data by the Society of Indian Automobile Manufacturers (Siam), two-wheeler dispatches to dealers dropped by 65 per cent to 3,52,717 units, compared to 9,95,097 units in April.
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.