Wholesale auto sales in India fell 11% year-on-year in August as semiconductor shortages affected production processes across the industry, SIAM said on Friday.
Total wholesale sales in all categories, excluding commercial vehicles, fell to 15,863,873 units last month, from 17,90,115 units in August 2020.
According to the latest data from the Society of Indian Automobile Manufacturers (SIAM), shipments of two-wheelers from OEMs to dealerships declined last month, while wholesale sales of passenger vehicles and three-wheelers increased. compared to August 2020.
Shipments of two-wheelers from OEMs to dealers fell 15% to 13,31,436 units in August, from 15,59,665 units in the period last year.
Motorcycle sales amounted to 8 25,849 units last month compared to 10 32,476 units in August 2020, down 20%.
Likewise, scooter shipments fell 1% to 4,51,967 units last month, from 4,56,848 units a year ago.
Total passenger vehicle sales, including shipments of cars, utility vehicles and light trucks, from OEMs to dealers increased 7% to 2,322,224 units in August, from 2 15,916 units in the same month l ‘last year.
Wholesale sales of three-wheelers rose 60% to 23,210 units last month from 14,534 units a year ago.
Commenting on August sales, SIAM Managing Director Rajesh Menon said India’s auto industry was under pressure due to supply chain challenges.
“The global semiconductor shortage continues and is now having an acute impact on the production of the automotive industry,” he added.
The use of semiconductors in the automotive industry has increased around the world in recent times, with advancements in technology and new models with more and more electronic features such as Bluetooth connectivity and power assist systems. driving, navigation and electric hybrids, in addition to the engine control unit. .
However, the automotive industry accounts for around 10% of the overall semiconductor demand, with the rest coming from the electronics and gadget industry, such as cell phones and laptops, among others.
Menon noted that in addition to the shortage of chips, high commodity prices remained a challenge, as they impacted the cost structures of the auto industry.
“Faced with such strong headwinds, SIAM members are working hard to meet customer demand and expectations, while ensuring the safety of its employees throughout the value chain,” he added. .
Looking at the cumulative sales from April to August 2021, the passenger vehicle segment is still below the 2016-17 level, the two-wheeler segment is below the 2011-12 level, and the three-wheeler segment is very late. years, noted Menon.
In the passenger vehicle segment, the country’s largest automaker, Maruti Suzuki India (MSI), shipped 1,03,187 units last month, down 9% from 1,13,033 units in August 2020. D On the other hand, Hyundai Motor India sold 46,866 units last month. , compared to 45,809 units in August 2020.
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Posted on: Friday September 10th, 2021 9:58 PM IST