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Showing posts with the label Sales of passenger vehicles fell by 27 per cent and two-wheelers by 25 per cent

Sales of passenger vehicles fell by 27 per cent and two-wheelers by 25 per cent

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Mumbai: Auto industries are facing difficulties in manufacturing and selling vehicles due to shortage of semiconductors. According to figures released by the Society of Indian Automobile Manufacturers (SIAM), total sales of passenger vehicles, including cars and vans, in October fell by 9 per cent year-on-year to 2,8,8 units. Production of car-van, two- and three-wheeler as well as quadricycle vehicles fell by 8% to 4,13,8 units in October due to shortage of semiconductors. In the total passenger vehicle segment, car sales in October fell by 5 per cent to 1,08,8 units and utility vehicles by 4 per cent to 1,12,114 units. According to SIAM data, total sales of all types of two-wheelers fell by 9 per cent year-on-year to 19,121 units in October. Sales of scooters fell by 21 per cent to 2,8,161 units and sales of motorcycles fell by 9 per cent to 10,12,8 units. The three-wheeler sales grew as the economy grew, thanks to last year's low-base effect. In October, three-wheeler sales