Nov Passenger Vehicle Sales Drop 19%, Chip Crisis; Lowest in 7 years: SIAM
The number of passenger vehicles sold last month was 215,626 units, down from 264,898 units a year ago.
According to the auto industry authority SIAM, passenger car wholesales in India declined 18.60 per cent year on year (YoY) in November as the semi-conductor shortage continued to hamper vehicle manufacturing and subsequent deliveries to dealer partners.
Passenger vehicles sales dip 19% in November as chip shortage woes continue: SIAM https://t.co/N9uzR5F7C7
— TOI Business (@TOIBusiness) December 10, 2021
As per the latest figures from the Society of Indian Automobile Manufacturers (SIAM), in November 2021, 105,091 units of Utility Vehicles and 100,906 units of Passenger Cars were sold.
In November, 22,471 three-wheelers were sold, with 9,629 vans and 105,091 utility vehicles also selling well.
SIAM tweeted that total passenger car, three-wheeler, two-wheeler, and quadricycle output in November was 1,696,012 units.
Last month, total two-wheeler sales fell by 34% to 10,50,616 units, down from 16,00,379 units the previous month. Total three-wheeler dispatches were 22,471 units, down 7% from November 2020s 24,071 units.
Total automotive sales across all categories fell to 12,88,759 units, down from 18,89,348 units the previous month.
In November, 356,659 units of two-wheelers were exported, compared to 42,431 units of three-wheelers and 44,265 units of passenger vehicles (2021).
Mr Rajesh Menon, Director General of SIAM, commented on the November 2021 sales data, saying,
“Industry continues to face headwinds due to global semi-conductor shortage. In the festive season, Industry was hoping to make up for the lost ground, but the sales in November 2021, were lowest in 7 years for Passenger Vehicles, lowest in 11 years for TwoWheelers and lowest in 19 years for Three-Wheelers”.
“Amidst the rising threat of Omicron, the new Covid variant, Industry is pro-actively ensuring employee safety and monitoring any supply chain hiccups“, he added.