According to the sales data published by the Society of Indian Automobile Manufacturers (SIAM), the passenger vehicle (PV) segment in India registered a steep decline of 41.15 per cent in September 2021 at 1,60,070 as compared to 2,72,027 units sold. Units sold. A year ago in the same month. The passenger cars segment recorded a 60.82 per cent decline in sales at 64,235 units in September as against 1,63,981 units sold last year, as compared to 87,720 units in the utility vehicle (UV) segment at 96,633 units. A decline of 9.22 percent was registered. The van segment also registered a decline of 28.89 per cent in sales at 8,115 units as compared to 11,413 units sold a year ago. In the same month, two-wheeler sales declined by 17.35 per cent to 15,28,472 units as against 18,49,546 units sold in the same month last year.
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Passenger car sales declined by 60.82 per cent in September 2021.
The decline in sales is mainly attributed to supply constraints due to the ongoing chip shortages globally. That said, passenger vehicle sales in the July-September 2021 period or the second quarter of FY22 grew by 2.07 per cent to 741,300 units as compared to 726,232 units in the same period last year. However, two-wheeler sales declined by 12.29 per cent to 46,90,565 units as compared to 41,13,916 units sold in the same period a year ago.
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Two-wheeler sales were also affected in September 2021.
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In the April-September 2021 period or the first half of FY 2022, the passenger vehicle segment registered a healthy growth of 57.68 per cent in sales at 13,87,570 units as against 8,79,966 units. Two-wheeler sales also rose 8.89 per cent to 65,17,616 units as against 59,85,074 units sold in the same period a year ago. The quarterly sales growth has been attributed to a lower base last year in view of the nationwide lockdown to contain the spread of COVID-19.
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