Production cuts on semiconductor shortages dent Sep PV sales

Top Stories

»	Economists don’t expect RBI to exhibit any urgency to tighten policy rate
»	Gold, silver prices gain up to 3 pc on weak dollar, oil prices
»	Strong reserves, stable policy make India standout in emerging markets: Moody's
»	Sensex, Nifty slip in early trade on fresh geopolitical jitters
»	Sensex, Nifty surge 1 pc in early trade over de-escalation hopes, assembly poll result trends

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.