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This Article is From Apr 13, 2022

Auto Sales Fell 6% In FY22 On Supply-Side Disruptions: SIAM

Auto Sales Fell 6% In FY22 On Supply-Side Disruptions: SIAM
Workers clean the hood of a body frame of a sedan. (Photographer: Yen Duong/Bloomberg)

India's automakers shipped fewer passenger vehicles in March than a year earlier as supply-side disruptions persisted.

The segment comprising passenger cars, utility vehicles and vans, sold 2.79 lakh units in March, a 3.93% fall year-on-year, according to data released by the Society of Indian Automobile Manufacturers on Wednesday.

Sales, however, rose 6.28% over the previous month.

For FY22, SIAM said the auto industry saw 6% decline in sales.

Total two-wheeler sales fell 13.31% over the previous month, and over 20.88% year-on-year to 11.84 lakh units in March

"All segments are facing supply-side challenges and the industry is yet to see a complete recovery, following the disruptions it has been since early 2020," Rajesh Menon, director general at SIAM, said.

SIAM's March 2022 Volumes (YoY)

  • Car sales fell 12.07% to 1,38,031 units.

  • Wholesales of utility vehicles rose 7.33% to 1,32,032 units.

  • Scooter sales fell 21.4% to 3,60,082 units.

  • Motorcycle sales fell 20.87% to 7,86,479 units.

  • Three-wheeler sales fell 0.68% to 32,088 units.

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