Business

Covid’s third wave, supply side constraints subdue Jan auto sales

Consequently, sales of passenger vehicles fell to 254,287 units in January as compared to 276,554 units sold during the corresponding month of 2021.

New Delhi : Covid’s third wave as well as supply side constraints impacted India’s domestic auto sector sales in January 2022 on a year-on-year basis.

Similarly, the sectors’ current off-take of passenger cars, two-and-three wheelers were far behind even the 2020 sales levels.

In terms of PVs, challenges pertaining to electronic components’ availability pulled sales lower on a YoY basis in January.

The shortage has extended waiting periods and escalated prices.

Consequently, sales of passenger vehicles fell to 254,287 units in January as compared to 276,554 units sold during the corresponding month of 2021.

The data furnished by the Society of Indian Automobile Manufacturers (SIAM) does not include sales figures from some key players such as Tata Motors.

Segment-wise, a total of 126,693 passenger cars were sold in the domestic market in January, down from 153,244 units sold in the like period of 2021.

The sales of other sub-categories such as utility vehicles (UV) grew whereas vans’ degrew on a year-on-year basis.

As per the data, UV sales rose to 116,962 units from 111,494 units, on the other hand, the off-take of vans declined to 10,632 units from 11,816 units in the year-ago period.

Besides, two-wheelers’ sales were lower in January 2022 at 1,128,293 units from 1,429,928 units sold in the like month of 2021.

Furthermore, three-wheelers’ sales during the month under review declined to 24,091 units from 26,794 units sold during January 2021.

Overall, the domestic automobile sectors’ off-take representing the sales of passenger vehicles, two-wheelers, three-wheelers and quadricycle fell to 1,406,672 units from 1,733,276 units sold during the same period of last year.

In addition, the data showed that exports were down on a YoY basis.

The overall exports, including PVs, two and three-wheelers and quadricycles fell to 454,953 units from 463,077 units during the same period of last year.

Source
IANS

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