Non-commercial vehicles' output falls 21% m-o-m in April: Re

Non-commercial vehicles' output falls 21% m-o-m in April: Report


Non-commercial vehicles' output falls 21% m-o-m in April: Report
Non-commercial vehicles' output falls 21% m-o-m in April: Report/File
Total vehicle production, excluding commercial vehicles, declined by 21 per cent month-on-month in April, due to an 11 per cent fall in manufacturing of passenger vehicles (PVs) and a 23 per cent drop in two-wheelers during the previous month, owing to the second wave of the pandemic, a report said on Tuesday.
Besides, the three-wheelers' production fell a massive 86 per cent in April over March, amid lower demand in the domestic market, India Ratings (Ind-Ra) said in the report.
The ratings agency said it believes that the second wave of COVID-19 has interrupted the momentum recorded by the industry in the third and fourth quarters of 2020-21. Many original equipment manufacturers (OEMs) also advanced maintenance shutdowns to April and May on account of dampening consumer sentiments, closure of automotive dealerships, as well as supply-side constraints, noted the report.

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