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Base effect pushes up domestic PV sales in Aug
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SME Times News Bureau | 10 Sep, 2021
Low base effect along with pent up demand pushed India's domestic
private vehicle (PV) sales higher on a year-on-year basis in August.
However,
challenges pertaining to electronic components' availability, coupled
with high operating and ownership costs due to rising commodity prices,
capped the sales' uptrend.
Accordingly, sales of passenger
vehicles increased to 2,32,224 units in August as compared to 2,15,916
units sold during the corresponding period of 2020.
On a sequential basis, August PV sales were lower than July's level of 2,64,442 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 1,08,508 passenger cars were sold in the domestic market in
August, up from 1,24,715 units sold in the like period of 2020 and
1,09,277 units in 2019.
Similarly, the sales of other sub-categories such as UVs and vans grew on a year-on-year basis.
As
per the data, UV sales rose to 1,12,863 units from 81,842 units, while
the off-take of vans rose to 10,853 units from 9,359 units in the
year-ago period.
In terms of two-wheelers, sales were lower in
August 2021 at 13,31,436 units from 15,59,665 units sold in the like
month of 2020 and 15,14,196 in 2019.
The overall domestic
automobile sectors' off-take representing the sales of passenger
vehicles, two-wheelers, three-wheelers and quadricycle fell to 15,86,873
units from 17,90,115 units sold during the same period of last year.
In
addition, the data showed a YoY rise in exports. The overall exports,
including PVs, two and three-wheelers and quadricycle, rose to 4,61,156
units from 3,33,876 units sold during the same period of last year.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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