Sales go down by 25% in October,2021

Sale go Down

Sale go Down

Corona has destroyed many and is slowly poisoning many industries with gradual increase in time. It has also left it's prints over the automobile industry as well. The sells of two wheeler as well as the passenger vehicles remained in the red zone till October. This is mainly due to inadequate supply of semiconductors and poor offtake. These statistics have been shared by the Society of Indian Automobile Manufacturers.

There are two broad groups. The passenger vehicles incli popular cars like SUV and vans, which saw 27% drop in wholesale dispatches to dealers. The graph tells us, the fall is majorly due to inability of the companies to match the supply with the demand. Maruti Suzuki was the first car in this corona list to face this fall, followed by Hyundai, Kia, Renault and Honda. The chip shortage has played a very crucial role in this deficiency. Hence, on October, it was seen that, near about 25 percent had fallen in the wholesales of two wheelers as well as small public transports.

Rajesh Menon, Director General, SIAM said,'Manufacturers were banking on the festive season to recover from the severe drop in sales they have faced in the early part of the financial year 2021-22. However, the shortage of semiconductors and steep hike in raw material cost have been a major spoilsport for the industry.'a

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