If we talk about the last financial year, 2,63,53,293 vehicles were produced in India during April 2019 to March 2020.
While the auto sector faced a lot of trouble due to the Corona epidemic. However, now the industry seems to be improving a lot. In this series, the Society of Indian Automobile Manufacturers (SIAM) has presented a production report for the financial year 2020-21, which shows that companies have produced 2,26,52,108 vehicles during April 2020 to March 2021.
If we talk about the last financial year, 2,63,53,293 vehicles were produced in India in the financial year 2019-20 (during April 2019 to March 2020). In such a situation, there has been a decline of 14 per cent in the production of vehicles in FY-21 as compared to FY-20. These ready-made vehicle lists include passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles.
In which segment, how many vehicles were ready
First of all, the passenger vehicles production of passenger vehicles in March 2021 was 27,11,457 units while in 2020 it was 27,73,519 units. Accordingly, its production recorded a total decline of 2.24.
– Production of two-wheelers was 1,51,19,387 units in 2021 while in 2020 it was 1,74,16,432 units. Accordingly, there was a total decline of 13.19 percent in production.
If we talk about three-wheelers, then in 2021, its production has registered a decline of 66.06 percent and a total of 2,16,197 units have been produced. At the same time 6,37,065 units were produced in 2020.
In addition, if we talk about commercial vehicles, in 2021, 5,68,559 units were produced. At the same time, 7,17,593 units were produced in 2020. Accordingly, a decline of 20.77 percent has been recorded.
If you talk about the reason for the decrease in production for FY 2021, the biggest reason for this is the corona epidemic which has affected both production and sales.
Reduced production increased concern
The decline in production in 2021 compared to 2020 has raised concerns as it directly impacts India’s economy. The production of fewer vehicles means that the purchase of vehicles is decreasing. In such a situation, its direct impact can be on the employment of the people working in this sector. It is also possible that their jobs also go away and in such a situation it can have an impact on the economy as well.
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