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Production cuts on semiconductor shortages dent Sep PV sales
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SME Times News Bureau | 14 Oct, 2021
Curtailed production due to semiconductor shortages heavily dented
India's domestic passenger vehicle sales on a year-on-year and
sequential basis in September.
Besides, challenges pertaining to
high operating and ownership costs due to rising fuel and commodity
prices subdued buyers' sentiments.
Accordingly, sales of
passenger vehicles fell by over 41 per cent to 160,070 units in
September as compared to 272,027 units sold during the corresponding
month of 2020.
On a sequential basis, September's PV sales were far lower than August's level of 2,32,224 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.
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