July 5, 2022

Upper value along side delivery facet constraints, impacted India’s home auto sector gross sales in February 2022 on a year-on-year foundation. Accordingly, the sphere’s February off-take of passenger vehicles, two-and-three wheelers had been decrease on a YoY foundation.

On the subject of PVs, demanding situations referring to digital parts’ availability reduced manufacturing and pulled gross sales down. The lack has prolonged ready sessions and escalated costs.

The business used to be simplest ready to provide 1,70,428 devices of passenger vehicles in February 2022 from 1,81,247 devices made within the corresponding duration of the former 12 months.

The knowledge furnished by means of the Society of Indian Car Producers (SIAM) does now not come with figures from some key gamers equivalent to Tata Motors.

Because of this, gross sales of passenger automobiles fell to two,38,622 devices in February as in comparison to 2,81,380 devices bought throughout the corresponding month of 2021.

Phase-wise, a complete of one,48,541 passenger vehicles had been bought within the home marketplace in February, down from 1,55,128 devices bought within the like duration of 2021.

The gross sales of different sub-categories equivalent to software automobiles (UV) grew while vehicles’ de-grew on a year-on-year foundation.

As according to the knowledge, UV gross sales stood at 78,674 devices from 1,14,350 devices, alternatively, the off-take of vehicles declined to 11,407 devices from 11,902 devices within the year-ago duration.

(With inputs from IANS)

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Printed on: Friday, March 11, 2022, 05:12 PM IST

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