Overall auto wholesales for December 2021 dropped by 10.6% to 1,253,604 against 1,403,391 registered in the same month last year. All segments saw de-growth except for three-wheelers, which grew by 25% to 28,111 units and Utility vehicles that witnessed 2.48% growth to 97,137 units.
Exports during December 2021 saw a marginal drop to 463,176 units against 463,802 units in the same month last year.
Production of all categories of vehicles dropped by 14.15% to 1,638,111 in December 2021 against 1,908,240 units sold in the same month a year ago period. The flash report released by SIAM does not have the data from BMW, Mercedes, Tata Motors and Volvo Auto.
For the quarter ending December 2021, the production of all the vehicles saw a dip of 19.95% to 5,857,511 while the domestic sales slumped by 22% to 4,636,549 while exports grew by 4% to 1,390,175.
Production during the first nine months of this fiscal about 9% to 16,918,853, while domestic sales saw a marginal drop to 12,909,357 (13,035,920) units. Exports grew by 52% to 4,220,284 units.
Total domestic sales of passenger cars in December 2021 saw a 23% drop to 146,864 against 112,873 units sold in the same month the previous year.
Utility vehicles witnessed 2.48% growth to 97,137 units, three-wheelers grew by 25% to 28,111 while two-wheelers dropped by 10.8% to 1,006,062 units.
In the case of commercial vehicles, the MHCVs reported about 83% growth in the first nine months of FY22 to 146,601.
Commenting on Q3 sales data, Kenichi Ayukawa, President, SIAM said, “Amidst the rising infection spread, the Indian automobile industry is taking all necessary precautions in line with the government guidelines. As in the past, Industry continues to stand with the government to support the country wherever possible. Quarter-3 sales, including those of the festive season, were not as per expectations. All segments are still behind by many years. Industry is working hard to maximise production and minimise the impact of supply constraints while ensuring safety of people in the entire value chain. SIAM is thankful to the government for rolling out various PLI schemes for the Industry, including that for Auto & Auto Components, Advanced Chemistry Cell and the recently announced scheme for semi-conductor manufacturing. Industry is looking forward to leverage the benefits of these schemes for increasing localisation and exports.”
On Q3 sales data, Rajesh Menon, Director General, SIAM said, “Demand of Passenger Vehicle Segment was largely affected due to supply constraints while the two-wheeler segment was majorly impacted due to subdued demand. Sales of PVs in Q3 has been the lowest in five years, while for the two-wheelers it has been the lowest in nine years. Only the heavy goods segment in commercial vehicles have shown positive growth compared to Q3 of previous two years. Sales of buses and three-Wheelers continue to be a concern. Barring 2020, the sales of commercial vehicles in Q3 has been lowest in last five years and sales of three-Wheelers, barring 2020, has been the lowest in last 13 years.”
NB: Photo is representational.