BUSINESS

Two-wheeler file lowest sales in a decade

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All four segments of the auto industry are below even the 2018-19 ranges: SIAM

The 2-wheeler sales in March continued to decline yr-on-yr (y-o-y) by 21 per cent to 11,84,210 objects in comparison with 14,96,806 objects in corresponding month closing yr, and fiscal yr (FY) vibrant, 2021-22 was the bottom in a decade.

On FY basis, sales of two-wheelers declined by 11 per cent to 1,34,66,412 objects throughout FY 2020-21 (April-March) as against 1,51,20,783 objects in the old fiscal yr.

Additionally, for the most well-known time, utility automobile sales maintain outsold passenger vehicles in April-March period at 14,89,178 objects in comparison with 14,67,056 objects, the SIAM knowledge said.

CVs, SUVs fare better

“No matter some restoration from a low snide, sales of all four segments of the auto industry are below even the 2018-19 level. Whereas some segments like Commercial Autos and SUVs are seeing improvement in inquire of, mass segments like two-wheelers and smaller vehicles are going via severe affordability points,” Kenichi Ayukawa, President, SIAM told newshounds on Wednesday.

Ayukawa noted that the yr handed by was beefy of unforeseen challenges and unusual discovering out for the industry.

“Indian auto industry has worked laborious against these challenges to defend the value chain working, to indigenise parts, attend an eye on price, invest in unusual technologies and make stronger exports. The federal government moreover came out with centered make stronger like PLI schemes, FAME arrangement extension, etc,” he said.

Within the 2021-22 fiscal, total passenger automobile (PV) wholesales rose by 13 per cent to 30,69,499 objects from 27,11,457 objects in 2020-21. Three-wheeler sales moreover rose to 2,60,995 objects closing fiscal from 2,19,446 objects in FY2020-21.

Similarly, total industrial automobile (CV) wholesales moreover increased to 7,16,566 objects closing fiscal in comparison with 5,68,559 objects in 2020-21.

Complete sales across classes, on the other hand, declined to 1,75,13,596 objects in 2021-22 as against 1,86,20,233 objects in 2020-21.

PV sales to dealers declined

On the month-to-month basis, the most contemporary knowledge by SIAM showed that the total PV dispatches to dealers declined four per cent to 2,79,501 objects in March, in comparison with 2,90,939 objects in March 2021.

The home sales of three-wheeler on the other hand, declined marginally to 32,088 objects closing month as against 32,310 objects in corresponding month closing yr.

2W exports up

Within the period in-between, speaking about export performance, Ayukawa said, “We are glad to portion that every one four segments of the industry maintain increased their exports. Genuinely, two-wheelers executed their absolute most sensible ever exports. It is a ways upright to hunt that Indian merchandise are turning into more acceptable worldwide for his or her quality, price and performance.”

Published on


April 13, 2022

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