Internal shipments of passenger vehicles fell 4 percent in April due to continued supply-like challenges, the Society of Indian Automobile Manufacturers (SIAM) said on Wednesday.
In April 2021, domestic wholesale sales for passenger vehicles were 2,61,633 units, and shipments were 1,12,857 units, compared to 1,41,194 units in April 2021. Period years ago.
The number of van dispatches was flat at 11,511 in April, down from 11,568 in April 2021.
Two-wheeler sales rose 15 percent to 11,48,696 units last month from 9,95,115 units in April 2021.
The number of motorcycles sold in April 2021 increased to 7,35,360 units from 6,67,859 units in April 2021. In the same vein, scooter shipments increased to 3,74,556 units last month from 3,01,279 units a year ago.
Wholesale three-wheeler sales last month rose to 20,938 units from 13,856 units in April 2021.
“Passenger vehicle sales are still below the April 2017 figure, while two-wheelers are lower than the April 2012 figure,” said Rajesh Menon, SIAM’s director general.
The three-wheeler has yet to reach normal levels, as sales are still less than 50 percent of the April 2016 figure, he added.
Manufacturing companies are working hard to manage their supplier ecosystems with agility and flexibility as supply-side challenges continue, Menon said.
“Also, producers are keeping an eye on the potential impact on demand due to the recent repo rate hike, as it will increase consumer lending rates,” he said.
Earlier this month, the Reserve Bank of India raised the repo rate, the rate at which it lends to commercial banks, to control inflation by 40 basis points to 4.4 percent, which has exceeded 6 percent for three consecutive months.
(With input from PTI)