Passenger vehicle dispatches dip 4% in April as supply challenges remain: SIAM – Times of India

NEW DELHI: Passenger vehicle dispatches from factories to sellers within the home market declined by 4 per cent in April as provide facet challenges continued for the automotive trade, trade physique SIAM stated on Wednesday. Complete passenger automobile home wholesales stood at 2,51,581 items final month as in comparison with 2,61,633 items in April 2021.
Passenger automobile dispatches stood at 1,12,857 final month as towards 1,41,194 items in the identical month final yr. Utility vehicle wholesales nevertheless elevated to 1,27,213 items from 1,08,871 items within the year-ago interval.
Van dispatches remained flat at 11,511 items in April as towards 11,568 items in April 2021. Two-wheeler gross sales elevated by 15 per cent to 11,48,696 items final month as in comparison with 9,95,115 items in April 2021.
Motorcycle sales elevated to 7,35,360 items as towards 6,67,859 items in April 2021. Equally, scooter dispatches rose to three,74,556 items final month as in comparison with 3,01,279 items within the year-ago interval.
Three-wheeler wholesales additionally elevated to twenty,938 items final month as towards 13,856 items in April 2021.
“Gross sales of passenger autos continues to be beneath the April 2017 figures, whereas two-wheelers are even beneath the April 2012 figures,” SIAM director normal Rajesh Menon famous.
Three-wheelers are but to succeed in regular ranges, as gross sales are nonetheless lower than 50 per cent of April 2016 figures, he added.
Producers are working laborious to handle the provider ecosystem with agility and suppleness, as provide facet challenges proceed for the trade, Menon acknowledged.
“Additional, producers are additionally monitoring the probably impression on demand, as a result of current hike in repo price, as it might enhance the lending charges to the shoppers,” he stated.
Earlier this month, the Reserve Financial institution of India had elevated the repo price, the speed at which it lends to business banks, by 40 foundation factors to 4.4 per cent in a bid to comprise inflation that crossed 6 per cent for 3 successive months.

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