Passenger car dispatches from factories to sellers within the home market declined by 4 % in April as supply-side challenges continued for the automotive business, business physique SIAM mentioned on Wednesday.
Total passenger car home wholesales stood at 2,51,581 models final month as in comparison with 2,61,633 models in April 2021.
Passenger automobile dispatches stood at 1,12,857 final month as towards 1,41,194 models in the identical month final yr.
Utility car wholesales nonetheless elevated to 1,27,213 models from 1,08,871 models within the year-ago interval.
Van dispatches remained flat at 11,511 models in April as towards 11,568 models in April 2021.
Two-wheeler gross sales elevated by 15 % to 11,48,696 models final month as in comparison with 9,95,115 models in April 2021.
Motorcycle gross sales elevated to 7,35,360 models towards 6,67,859 models in April 2021.
Similarly, scooter dispatches rose to three,74,556 models final month as in comparison with 3,01,279 models within the year-ago interval.
Three-wheeler wholesales additionally elevated to twenty,938 models final month as towards 13,856 models in April 2021.
“Sales of passenger vehicles are still below the April 2017 figures, while two-wheelers are even below the April 2012 figures,” SIAM Director General Rajesh Menon famous.Three-wheelers are but to succeed in regular ranges, as gross sales are nonetheless lower than 50 % of April 2016 figures, he added.
Manufacturers are working arduous to handle the provider ecosystem with agility and suppleness, as supply-side challenges proceed for the business, Menon said.
“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 mentioned.
Earlier this month, the Reserve Bank of India had elevated the repo fee, the speed at which it lends to industrial banks, by 40 foundation factors to 4.4 % in a bid to include inflation that crossed 6 % for 3 successive months.
Source: www.financialexpress.com”