PV dispatches rise 19% on better chip supply
NEW DELHI: Passenger vehicle (PV) wholesales in India rose by 19% year-on-year in June on the back of improvement in semiconductor supplies, according to industry body Siam.
According to the latest data released by the Society of Indian Automobile Manufacturers (Siam), PV dispatches to dealers stood at 275,788 units last month against 231,633 units in June 2021.
Similarly, total two-wheeler wholesales increased to 1,308,764 units last month compared to 1,060,565 units in the year-ago period.
Total three- wheeler sales grew to 26,701 units last month against 9,404 units in June 2021.
Sales across segments rose to 1,611,300 units in June from 1,301,602 units in the same month last year.
In the first quarter, PV dispatches increased to 910,431 units, up 41% from 646,272 units in the April-June period of the previous fiscal.
Total commercial vehicle wholesales also rose to 224,512 units against 105,800 units a year ago.
Two- wheeler dispatches jumped to 3,724,533 units as against 2,413,608 units in the year-ago period.
Similarly, three-wheeler dispatches grew to 76,293 units in the first quarter from 24,522 units in the year-ago period.
Total sales across categories rose to 4,935,870 units in the April-June quarter compared to 3,190,202 units in the first quarter of last fiscal.
Siam director general Rajesh Menon said in the first quarter, PV sales stood at 910,000 units while two-wheeler dispatches were at 3.72 million units.
Similarly, commercial vehicle sales stood at 225,000 units.
“Recently, the government has taken significant measures to ease the inflationary pressure and help the common man by reducing central excise duty on petrol and diesel and changing the duty structure to moderate prices of steel and plastic. Indian automobile industry appreciates and thanks the government for these efforts,” Menon said.
The industry also keenly looks forward to similar support on CNG prices, which have seen an exponential increase in the last seven months, he added.
“Support on CNG prices would help the common man, facilitate public transport and will enable a cleaner environment,” Menon said.