Passenger car gross sales enhance 13.6% in December, says SIAM

Passenger car gross sales jumped 13.6 per cent in December to 2.52 lakh items as in comparison with 2.22 lakh within the year-ago interval, the Society of Indian Vehicle Producers (SIAM) mentioned on Thursday.

Two-wheeler gross sales witnessed a muted development of seven.4 per cent to 11.2 lakh items as in comparison with 10.5 lakh items in December 2019.

Nevertheless, three-wheeler gross sales skidded by 58.8 per cent to 22,126 items final month as in comparison with 53,795 items in the identical interval.

Alternatively, complete manufacturing of passenger autos in December 2020 was 19 lakh items as towards 17.5 lakh in December 2019, marking a development of 9 per cent.

SIAM President Kenichi Ayukawa mentioned the market scenario is dynamic and unsure. The business is dealing with a scarcity of semiconductors, metal and delivery containers.

“If we have a look at the cumulative numbers of nine-month interval from April to December 2020, it reveals that gross sales of all segments are nonetheless behind by a few years,” he mentioned.

There may be additionally an influence of value enhance of metal, logistics and different uncooked supplies. “The business is working arduous to get again to higher volumes and higher enterprise well being whereas guaranteeing security and well-being of individuals throughout the entire worth chain,” mentioned Ayukawa.

Passenger car gross sales totalled 17.7 lakh items in April to December 2020 as in comparison with 21.1 lakh items in April to December 2019, down 16 per cent.

Industrial autos gross sales dipped 37.2 per cent to three.58 lakh items as in comparison with 5.7 lakh items in the identical interval.

Three-wheeler gross sales plunged by 74.2 per cent to 1.3 lakh items in April to December 2020 as in comparison with 5.07 lakh items year-on-year whereas two-wheeler gross sales totalled 1.07 crore items versus 1.39 crore, down 22.6 per cent.

(Solely the headline and movie of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)

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