Third wave of COVID, supply-side constraints dampen January auto sales
Current sales of passenger cars and two- and three-wheelers in the sector were far behind even 2020 sales levels, the Society of Indian Automobile Manufacturers (SIAM) said.
The third wave of COVID-19, along with supply-side constraints, impacted India’s automotive sector sales in January 2022 on a year-on-year basis. Current sales of passenger cars and two- and three-wheelers in the sector were far behind even 2020 sales levels, the Society of Indian Automobile Manufacturers (SIAM) said.
In passenger vehicles (PV), challenges with the availability of electronic components led to lower sales on a year-over-year basis in January. The shortage has extended waiting times and driven up prices.
The industry was only able to produce 158,891 passenger car units in January 2022 from 173,463 units manufactured in the corresponding period of the previous year. The data provided by SIAM does not include sales figures for some key players such as Tata Motors.
Passenger vehicle sales fell to 254,287 units in January from 276,554 units sold in the corresponding month of 2021.
By segment, a total of 126,693 passenger cars were sold domestically in January, compared to 153,244 units sold during the same period in 2021.
Sales of other sub-categories such as commercial vehicles (UVs) increased while pickup trucks declined year-over-year. According to the data, the sales of UVs increased to 116,962 units from 111,494 units, on the other hand, the sale of pickup trucks decreased to 10,632 units from 11,816 units a year ago.
On the other hand, sales of two-wheelers decreased in January 2022 to 1,128,293 units compared to 1,429,928 units sold in the same month of 2021.
Additionally, three-wheeler sales in the month under review fell to 24,091 units from 26,794 units sold in January 2021.
Overall, the domestic automotive sectors’ levy representing sales of passenger vehicles, two-wheelers, three-wheelers and quadricycles fell to 1,406,672 units from 1,733,276 units sold during the same period. from last year.
Additionally, the data showed that exports were down on a year-on-year basis.
Overall exports, including PVs, two- and three-wheelers and quadricycles, fell to 454,953 units from 463,077 units in the same period last year.
“January 2022 sales were again down from January 2021, due to both Omicron concerns and semiconductor shortages. There is clearly a demand issue for two-wheelers in due to declining rural sales of entry-level models,” SIAM said. Managing Director Rajesh Menon.
“Three-wheelers continue to be badly affected due to declining sales. On the other hand, the passenger vehicle segment is unable to meet market demand due to supply issues. , which makes sales in January 2022 even lower than in January 2021.”