Wholesale auto sales drop 11% in August to 15.87 lakh as chip shortage continues
Total wholesale sales in all categories, excluding commercial vehicles, fell to 15,863,873 units last month, from 17,90,115 units a year ago.
A total of 2,232,224 passenger vehicles were sold in August, an increase of 7% from 2 15,916 units in the same month last year, according to data from the SIAM. In August, 108,508 passenger car units were sold. In the past month, 1,12,863 units of commercial vehicles were sold, while 10,853 units of vans were sold at retail, according to data from the SIAM.
SIAM’s retail data showed 23,210 three-wheeler units were sold in August this year, 60 percent more than 14,534 units sold a year ago.
Two-wheeler sales were recorded at 13,31,436 units during the month. Motorcycle sales amounted to 8 25,849 units last month compared to 10 32,476 units in August 2020, down 20%. Likewise, scooter shipments fell 1% to 4,51,967 units last month, from 4,56,848 units a year ago.
A total of 51,204 passenger vehicle units were exported during the month, SIAM said. Meanwhile, 36,915 three-wheeler units and 3,723,293 two-wheeler units were exported last month.
The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles in August was 19 84 676 units.
India’s auto industry is under pressure from supply chain challenges, said Rajesh Menon, Managing Director of SIAM. “The global semiconductor shortage continues and is now having an acute impact on the production of the automotive industry. “
The use of semiconductors in the automotive industry has increased around the world in recent times as more and more electronic features such as Bluetooth connectivity and driver assistance, navigation, and hybrid electric systems are being introduced. offered with new models, in addition to the engine control unit.
However, the automotive industry accounts for around 10% of the overall semiconductor demand, with the rest coming from the electronics and gadget industry, such as cell phones and laptops, among others.
High raw material prices increase production costs, added the SIAM official.
“In the face of such headwinds, SIAM members work hard to meet customer demand and expectations, while ensuring the safety of its employees throughout the value chain,” said Menon.
Looking at the cumulative sales from April to August 2021, the passenger vehicle segment is still below the 2016-17 level, the two-wheeler segment is below the 2011-12 level, and the three-wheeler segment is very late. years, noted Menon.
In the passenger vehicle segment, the country’s largest automaker, Maruti Suzuki India (MSI), shipped 1,03,187 units last month, down 9% from 1,13,033 units in August 2020. D On the other hand, Hyundai Motor India sold 46,866 units last month. , compared to 45,809 units in August 2020.
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