SME Times News Bureau | 12 Nov, 2021
Challenges pertaining to electronic components' availability, coupled
with high operating and ownership costs due to rising commodity prices
dragged passenger vehicles' sales lower on a year-on-year basis in
October.
Accordingly, the sales of passenger vehicles fell to
2,26,353 units in October as compared to 3,10,694 units sold during the
corresponding month of 2020.
On a sequential basis, October's PV sales were higher than September 's level of 1,60,070 units.
The
data furnished by the Society of Indian Automobile Manufacturers (SIAM)
does not include sales figures from some key players such as Tata
Motors.
The PV sales data comprises cars, utility vehicles and vans.
Segment-wise,
a total of 1,03,829 passenger cars were sold in the domestic market in
October, down from 1,82,692 units sold in the like period of 2020.
The
sales of other sub-categories such as utility vehicles (UV) and vans
also degrew on a year-on-year basis. As per the data, UV sales fell to
1,12,112 u nits from 1,14,390 units, while the off-take of vans declined
to 10,412 units from 13,612 units in the year-ago period.
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