Advertisement

Passenger vehicle dispatches dip 4% in April as supply challenges continue: SIAM

Total passenger vehicle domestic wholesales stood at 2,51,581 units last month as compared to 2,61,633 units in April 2021

Agencies | Updated on: Wednesday, May 11, 2022, 07:33 PM IST

Passenger car dispatches stood at 1,12,857 last month as against 1,41,194 units in the same month last year../Representative image |
Passenger car dispatches stood at 1,12,857 last month as against 1,41,194 units in the same month last year../Representative image |
Advertisement

Passenger vehicle dispatches from factories to dealers in the domestic market declined by 4 percent in April as supply-side challenges continued for the automotive industry, industry body SIAM said on Wednesday.

Total passenger vehicle domestic wholesales stood at 2,51,581 units last month as compared to 2,61,633 units in April 2021.

Passenger car dispatches stood at 1,12,857 last month as against 1,41,194 units in the same month last year.

Utility vehicle wholesales however increased to 1,27,213 units from 1,08,871 units in the year-ago period.

Van dispatches remained flat at 11,511 units in April as against 11,568 units in April 2021.

Two-wheeler sales increased by 15 percent to 11,48,696 units last month as compared to 9,95,115 units in April 2021.

Motorcycle sales increased to 7,35,360 units against 6,67,859 units in April 2021. Similarly, scooter dispatches rose to 3,74,556 units last month as compared to 3,01,279 units in the year-ago period.

Three-wheeler wholesales also increased to 20,938 units last month as against 13,856 units in April 2021.

''Sales of passenger vehicles is still below the April 2017 figures, while two-wheelers are even below the April 2012 figures,'' SIAM Director General Rajesh Menon noted.

Three-wheelers are yet to reach normal levels, as sales are still less than 50 percent of April 2016 figures, he added.

Manufacturers are working hard to manage the supplier ecosystem with agility and flexibility, as supply-side challenges continue for the industry, Menon stated.

''Further, manufacturers are also monitoring the likely impact on demand, due to the recent hike in repo rate, as it would increase the lending rates to the customers,'' he said.

Earlier this month, the Reserve Bank of India had increased the repo rate, the rate at which it lends to commercial banks, by 40 basis points to 4.4 percent in a bid to contain inflation that crossed 6 percent for three successive months.

(With PTI inputs)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Wednesday, May 11, 2022, 07:32 PM IST