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Passenger vehicle sales rise to 2.64 lakh units in July, shows SIAM data

Passenger vehicle sales rise to 2.64 lakh units in July, shows SIAM data

Sales across three segments went up to 15.36 lakh in July 2021 vs 14.76 lakh in July 2020

SIAM stated that though there is recovery in the passenger vehicles segment sales, they are still less than the 2016-17 level SIAM stated that though there is recovery in the passenger vehicles segment sales, they are still less than the 2016-17 level

Passenger vehicle sales jumped to 2.64 lakh units in July compared to 1.82 lakh units in the same period last year. Two-wheeler and three-wheeler segments also saw a rise in sales during this month, the latest Society of Indian Auto Manufacturers (SIAM) release.

Two-wheeler sales fell to 12.53 lakh units in July this year vs 12.81 lakh units sold in the same period last year. Three-wheeler sales went up to 17,888 units in July this year compared to 12, 728 units last year. With this, sales across three segments went up to 15.36 lakh in July 2021 vs 14.76 lakh in July 2020.

SIAM stated that though there is recovery in the passenger vehicles segment sales, they are still less than the 2016-17 level. Two-wheeler sales are lower than the 2010-11 level, whereas the three-wheeler segment has gone back by many years, the auto industry body noted in its official release.

Also read: Maruti posts 58% jump in July production at 1,70,719 units

"Indian automobile industry continues to face heavy headwinds in the form of global semiconductor shortage and steep rise in commodity prices. On one hand, the industry is managing such supply chain challenges while ensuring safety of its people, and on the other hand industry is also keeping a close eye on the onset of a third wave in India and across the world," SIAM Director General Rajesh Menon said.

The auto industry body said the industry is trying to maximise production and sales in the midst of an uncertain and challenging business environment.

In the April-July period, domestic passenger vehicle sales stood at 9.10 lakh units. Three-wheeler sales numbered 42,264 units and two-wheeler sales stood at 36.57 lakh units.

Edited by Mehak Agarwal

Also read: 1,04,806 electric vehicles registered in 2021; 5,17,322 over last three years: Centre

Published on: Aug 12, 2021, 3:45 PM IST
Posted by: Mehak Agarwal, Aug 12, 2021, 3:37 PM IST