Sales of passenger vehicles fall by 27% in Oct in India due to chip crisis 

Passenger vehicle sales in October stood at 2,26,353 units compared to 3,10,694 units last year.Motorcycle dispatches also dropped by 26 per cent last
...
File photo for representational purpose only.
File photo for representational purpose only.

Passenger vehicle wholesales in India declined by 27 per cent year-on year in October with semiconductor shortage hitting production of automobile manufacturers, auto industry body SIAM said on Friday. Passenger vehicle sales last month stood at 2,26,353 units, as compared to 3,10,694 units in the year-ago period.

As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also witnessed a 25 per cent decline at 15,41,621 units, compared to 20,53,814 units in October 2020.

Also check these Bikes

Find more Bikes
Benling India Believe (HT Auto photo)
BatteryCapacity Icon3.2 kWh Range Icon120 km
₹ 1.26 Lakhs
Compare
Benling India Benling Kriti (HT Auto photo)
Range Icon60 km/charge
₹56,940
Compare
View Offers
Benling India Benling Aura (HT Auto photo)
Range Icon120 Km/charge
₹73,000
Compare
Benling India Benling Falcon (HT Auto photo)
Range Icon75 km/charge
₹62,200
Compare
View Offers
Hcd India Nps Cargo (HT Auto photo)
Range Icon70 km/charge
₹54,500
Compare
View Offers
Tvs Iqube Electric (HT Auto photo)
BatteryCapacity Icon4.56 kWh Range Icon100 km
₹ 1.17 Lakhs
Compare
View Offers

Also Read : Honda lowers profit outlook for a second time amid semiconductor shortage

Motorcycle dispatches were also down 26 per cent last month to 10,17,874 units, as against 13,82,749 units in the year-ago period. Scooter sales fell 21 per cent to 4,67,161 units, from 5,90,507 units in the year-ago month, SIAM said.

Vehicle sales across passenger vehicles, three-wheelers, two-wheelers and quadricycles categories last month, declined by 25 per cent to 17,99,750 units, from 23,91,192 units in October 2020.

Also Read : Big dip in Maruti Suzuki sales in October as semiconductor shortage persists

"Manufacturers were banking on the festive season to recover from the severe drop in sales they have faced in the early part of the financial year 2021-22. However, shortage of semiconductors and steep hike in raw material cost have been a major spoilsport for the industry," SIAM Director General Rajesh Menon said.

Last month, the total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles stood at 22,14,745 units, down 22 per cent from 28,30,844 units in October 2020.

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 Nov 2021, 18:00 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.