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The auto industry witnesses a drop in wholesale amid supply problems: SIAM

According to the Indian Automakers Association, passenger car sales are still below April 2017 levels and motorcycle sales are not yet up to April 2012 figures.

To: HT Autodesk
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Updated:
May 11, 2022 5:19 pm

Passenger car dispatch fell 4 percent in April compared to the same month last year. (PTI)

The Indian car industry witnessed a slight decline in wholesale in April. The Indian Automobile Manufacturers Association (SIAM) today released its monthly sales report. According to this report, automakers are still suffering from supply and other problems, but recently there have been some more problems to put more pressure on them.

According to SIAM, factory-to-dealer car shipments fell by 4% in April. SIAM said this was due to supply-side challenges in the automotive industry. It is also one of the reasons why the waiting time of multiple cars is long.

The total domestic wholesale number of passenger cars was 2,51,581 last month, compared to 2,61,633 in April 2021. The number of passenger cars dispatched was 1,12,857 last month, compared to 1,41,194 in the same month last year. However, the wholesale number of utility vehicles increased from 1,08,871 in the same period of the previous year to 1,27,213. Van dispatch was flat at 11,511 units in April, compared to 11,568 units in April 2021.

Motorcycle sales increased 15% from 9,95,115 in April 2021 to 11,48,696. Motorcycle sales increased from 6,67,859 in April 2021 to 7,35,360. Last month’s shipments increased from 3,01,279 units in the same period last year to 3,74,556 units.

Wholesale of tricycles also increased to 20,938 last month, compared to 13,856 in April 2021.

“Passenger car sales are still below April 2017 figures, but motorcycles are below April 2012 figures,” said SIAM Secretary Rajesh Menon. According to him, passenger car sales are still below April 2017 levels, motorcycles have not yet reached April 2012 figures, and tricycles are still less than 50%, so they are at normal levels. Not reached. April 2016 figures.

“Furthermore, the recent rise in repo rates has raised interest rates on lending to customers, so manufacturers are monitoring potential impacts on demand,” Menon said. Earlier this month, the Reserve Bank of India raised its repo rate by 40 basis points to 4.4% to curb inflation malty.

First release date: May 11, 2022 5:19 pm IST

https://auto.hindustantimes.com/auto/news/auto-industry-witnesses-dip-in-wholesales-amid-supply-issues-siam-41652269012709.html The auto industry witnesses a drop in wholesale amid supply problems: SIAM

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