Monthly report by auto industry body SIAM indicates that chip shortage has made a huge dent in the sales in the auto industry.
Two Wheeler Sales-
Important to note here is that Two Wheeler sales hasn’t get going after the new emission standard BS-6 came in to force. New emission standard has impacted the two wheeler sales the most as prices have increased drastically after the update. Other reason is that people are preferring second hand cars instead of a two wheeler after the pandemic.
Decrease in dispatches-
As many as 32% decrease in the motorcycle deliveries to dealers has been reported compared to the units in the same month last year. Scooter wholesale deliveries along with passenger vehicles saw decrease in deliveries by 40% and 19% respectively.
|Segment||2020||2021||% Change (Decrease)|
Tata Motors and Mahindra & Mahindra were able to perform better with the steady demand of their SUVs but companies like Maruti, Hyundai and Honda stayed weak. Maruti performed better in rural areas with improving sales.
According to the data released by the SIAM total sales dropped to 12.9 lakh units against 18.9 lakh units year ago.