PV sales rise 11% in Jan amid supply woes

Passenger vehicle wholesales in India increased by 11.14% to 2,76,554 units last month as compared with same month last year amid supply chain challenges, unavailability of semiconductors and higher container charges, auto industry body SIAM said.

Passenger vehicle sales in January 2020 stood at 2,48,840 units.

As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 6.63% to 14,29,928 units, compared to 13,41,005 units in January 2020.

Motorcycle sales increased 5.1% to 9,16,365 units as against 8,71,886 in January 2020. Scooter sales were also up 9.06% at 4,54,315 units from 4,16,567 units a year ago.

Three-wheeler sales, however, declined by 56.76% to 26,335 units as compared with Rs 60,903 units in January last year.

Vehicle sales across categories rose by 4.97% to 17,32,817 units last month as against 16,50,812 units in the year ago period.

Commenting on the sales data, SIAM Director General Rajesh Menon said, "In January 2.77 lakh passenger vehicles were sold, clocking a CAGR growth of just 1.61% over the previous highest sales in January 2018 of 2.64 lakh units."