Auto industry suffers fall of 13.7% in March: SIAM

  • Passenger vehicles sales in March 2021 witnessed a de-growth of 2.24 per cent with 27.1 lakh units sold as against 27.7 lakh units sold in March 2020.
File photo used for representational purpose (Bloomberg)
File photo used for representational purpose

The automobile industry saw a de-growth of 13.69 per cent in March with 18.6 crore units including passenger cars, commercial vehicle and two wheelers in March as against 21.5 crore units sold in the year-ago period.

Two wheelers sales slipped by 13.19 per cent in March 2021 to 15.1 crore units as against 17.4 crore units sold in March 2020, the Society of Indian Automobile Manufacturers (SIAM) said on Monday.

Also check these Vehicles

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
UPCOMING
BatteryCapacity Icon40 kWh Range Icon150 Km
₹ 8.25 - 10 Lakhs
Alert Me When Launched
Porsche 911 Gt3 (HT Auto photo)
Engine Icon3996.0 cc FuelType IconPetrol
₹ 2.50 Cr
Compare
View Offers
Mahindra S204 (HT Auto photo)
UPCOMING
₹ 12 Lakhs
Alert Me When Launched
Lexus Nx (HT Auto photo)
Engine Icon2494.0 cc FuelType IconMultiple
₹ 64.90 - 71.60 Lakhs
Compare
View Offers
Rolls-royce New Ghost (HT Auto photo)
UPCOMING
Engine Icon6750 cc FuelType IconPetrol
₹ 6.95 - 7.95 Cr
Alert Me When Launched
Mercedes-benz Amg E53 Cabriolet (HT Auto photo)
Engine Icon2999.0 cc FuelType IconPetrol
₹ 1.30 Cr
Compare

Commercial vehicle sales slipped nearly 21 per cent in FY21. A total of 5.68 lakh units were sold in 2021 as against 7.17 lakh units sold in 2020.

Passenger vehicles sales in March 2021 witnessed a de-growth of 2.24 per cent with 27.1 lakh units sold as against 27.7 lakh units sold in March 2020.

Also Read : Passenger vehicle sales in India decline marginally in 2020-21: SIAM

Three wheelers have seen a de growth of 66.06 per cent. A total of 2.16 lakh units were sold last month as against 6.37 lakh units sold in March 2020.

"The Indian automobile industry continues to work hard amid challenges of Covid second wave to maximise production and sales while ensuring the safety of its people, partners and customers," said SIAM President Kenichi Ayukawa.

Also Read : Auto industry to help govt to establish scrappage centres, testing infra: SIAM)

"On the sales front, a deep structural slowdown in the industry even before the pandemic combined with the impact of Covid-19 in 2020-21 has pushed all vehicle segments back by many years," he said.

"Recovery from here will require time and efforts by all stakeholders. There is uncertainty in the value chain owing to semiconductors, lockdowns and raw material. In an environment of uncertainty, instead of trying to predict the future, we will all work hard to create it," added Ayukawa.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 12 Apr 2021, 16:26 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.