In December 2020, the sector recorded overall wholesales of one,403,391 units.
Passenger automobiles have been down 13.two% to 219,421 units in December 2021, as versus 252,998 units in the corresponding thirty day period past 12 months. The sector bought 112,873 units of passenger cars and trucks, 97,137 units of utility automobiles and nine,411 units of vans in December 2021.
|Domestic Revenue||Dec 2021||Dec 2020||% adjust|
The SIAM info does not involve revenue from BMW, Mercedes, Tata Motors and Volvo Vehicle.
Two wheelers noticed a fall of ten.eight% to one,006,062 units in December 2021, as compared to one,127,917 units in December 2020.
OEMs recorded 246,080 units of scooters, 726,587 units of motorcycles and 33,395 units of mopeds in the thirty day period below critique.
Three-wheeler wholesales for the thirty day period stood at 28,111 units, up twenty five% as versus 22,476 units in December 2020.
Overall wholesales for the thirty day period also involve ten units of quadricycles.
According to SIAM, the overall production of passenger automobiles, three- wheelers, two-wheelers and Quadricycles in December 2021 stood at one,638,111 units.
Quarter-three revenue not as for every anticipations
Throughout the October-December 2021 period of time, passenger motor vehicle and two wheeler segments have been in red, even though business automobiles and three wheelers noticed a development in domestic revenue.
According to the SIAM info, passenger motor vehicle revenue stood at 761,124 units for Q3 FY22 as versus 897,908 units in the corresponding quarter of FY21.
Two wheeler revenue dropped to three,598,299 units in the 3rd quarter of present fiscal 12 months, as compared to 4,782,110 units in the 3rd quarter of FY21.
Commercial motor vehicle noticed marginal increase in revenue to 194,712 units in Q3 FY22, as versus 193,034 units in Q3 FY21. Although three wheeler revenue stood at 82,356 units in October-December 2021 as compared to 73,231 units in October-December 2020.
Overall production of Passenger Cars, Commercial Cars, Three Wheelers, Two Wheelers and Quadricycle in October – December 2021 period of time was fifty eight,57,511 units.
Kenichi Ayukawa, President, SIAM mentioned, “Quarter-three revenue such as those of the festive time have been not as for every anticipations. All segments are even now at the rear of by many decades. Sector is doing the job hard to improve production and decrease the effects of provide constraints even though ensuring security of individuals in the full worth chain.”
Rajesh Menon, Director General, SIAM mentioned, “Demand of Passenger Motor vehicle Segment was mainly impacted due to provide constraints even though the Two Wheeler segment was majorly impacted due to subdued demand. Revenue of Passenger Cars in Q3 has been the least expensive in 5 decades, even though for the Two-Wheelers it has been the least expensive in nine decades.”
“Only the Hefty Merchandise segment in Commercial Cars have revealed positive development compared to Q3 of past two decades. Revenue of Buses and Three-Wheelers carry on to be a worry. Barring 2020, the Revenue of Commercial automobiles in Q3 has been least expensive in past 5 decades and revenue of Three-Wheelers, barring 2020, has been the least expensive in past 13 decades,” he mentioned.
All segments appeared up in CY 2021
For the calendar 12 months 2021, all the segments have been in environmentally friendly and overall wholesales have been up 5.eight% to eighteen,492,506 units as versus seventeen,470,854 units recorded in the January – December 2020 period of time.
Passenger automobiles grew 26.six% to three,082,421 units throughout 2021 as compared to two,433,473 units in 2020.
Overall business automobiles stood at 677,119 units for calendar 12 months 2021, up 34% as versus 505,102. OEMs bought 227,135 units of MHCVs and 449,984 units of LCVs throughout 2021.
Two wheelers recorded overall domestic revenue of 14,469,514 units in 2021 even though 14,269,821 units in 2020, marking an uptick of one.three%.
Three-wheeler revenue noticed a marginal development to 263,373 units in January – December 2021 period of time, as versus 262,497 units in January- December 2020 period of time.
In addition, SIAM President mentioned the sector system is thankful to the Government for rolling out many PLI strategies for the sector such as that for Vehicle & Vehicle Parts, Sophisticated Chemistry Cell and the not too long ago announced scheme for semi-conductor production.