Auto sales fell 13.6% in year, grew 77% in March

Though complete home car gross sales grew nearly 77% in March — albeit on a decrease base — on an annual foundation wholesales fell 13.6% to about 1.86 crore items in FY21, information from Society of Indian Car Producers (SIAM) confirmed.Passenger car wholesales greater than doubled in March 2021 to over 2.9 lakh items, from a 12 months earlier. Equally, two-wheeler gross sales within the month grew 72% to greater than 14.96 lakh items. Total gross sales in March rose to 18.19 lakh items from 10.29 lakh items. The info didn’t embody Tata Motors’ numbers. For FY21, passenger car gross sales fell 2.24% to 27.11 lakh items. Industrial automobiles gross sales declined 20.eight% to five.68 lakh.“A deep structural slowdown within the business even earlier than the pandemic, mixed with the affect of COVID-19 in [FY21], has pushed all car segments again by a few years. Restoration… would require effort and time, by all stakeholders,” stated SIAM president Kenichi Ayukawa.He added there was uncertainty owing to semiconductor shortages, lockdowns and enter prices.

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