Automobile sales, including passenger vehicles (PVs), three wheelers (3W) and two-wheelers (2W) fell more than 30%, mainly due to lockdowns and diversion of resources by automakers towards oxygen production amidst the second wave of coronavirus (COVID), says Society of Indian Automobile Manufacturers (SIAM).
Sensex, Nifty fall over US inflation worries, rising Covid deaths
Sensex, Nifty fall over US inflation worries, rising Covid deaths
The NSE Nifty 50 index fell 1.04% to 14,696.50, while the S&P BSE Sensex slid 0.96% to 48,690.80.
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UPDATED: May 12, 2021 16:55 IST
The Nifty private bank index settled 1.6% lower and the Nifty Financial Services index closed down 1.23%. (Photo: Reuters)
Indian shares slid on Wednesday dragged by losses in private sector banks as global investor mood soured over concerns of a potential pickup in U.S. inflation, while domestic COVID-19 deaths crossed the quarter-million mark.
The NSE Nifty 50 index fell 1.04% to 14,696.50, while the S&P BSE Sensex slid 0.96% to 48,690.80.
Indian shares slid on Wednesday dragged by losses in private sector banks as global investor mood soured over concerns of a potential pickup in U.S. inflation, while domestic COVID-19 deaths crossed the quarter-million mark.
Overall domestic vehicle sales fall 30 per cent in April 2021: SIAM
Overall domestic vehicle sales fall 30 per cent in April 2021: SIAM
The domestic passenger vehicle, two-wheeler, three-wheeler as well as quadricycle sales witnessed a decline in April 2021.
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UPDATED: May 12, 2021 13:51 IST
As many as 2,61,633 passenger vehicles were sold in the domestic market in April 2021. (Image - Reuters)
HIGHLIGHTS
The domestic two-wheeler sales declined 33.52 per cent in April 2021.
The domestic three-wheeler sales fell 57.01 per cent in April 2021.
Hit hard by the second wave of the Covid-19 pandemic, the Indian automobile industry registered a fall of 30.18 per cent in total domestic sales to 12,70,458 units in April 2021 from 18,19,682 units in March 2021, the latest report from SIAM (Society of Indian Automobile Manufacturers) has revealed.
Passenger vehicle sales in India dip 10 pc in April: SIAM
New Delhi, May 12: Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units last month as compared to March this year as COVID-19-led restrictions across various states impacted demand, auto industry body SIAM said on Wednesday.
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.