Indian passenger car sales decline 27% in October

Friday, 12 November 2021 16:44:42 (GMT+3)   |   Kolkata
       

Indian passenger car sales were recorded at 226,353 units in October this year, a decline of 27 percent over the corresponding month of the previous year, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday, November 12.

It should be noted that automobile manufacturers treat dispatches from factories to dealers as ‘sales’.

Sales of two-wheelers were recorded at 1,541,621 units, a decline of 25 percent from October 2020, SIAM data showed.

"Manufacturers were banking on the festive season to recover from the severe drop in sales they faced in the early part of the financial year 2021-22. However, shortage of semiconductors and the steep hike in raw material costs have been a major spoilsport for the industry," SIAM director general Rajesh Menon said.


Most Recent Related Articles

Indian integrated steelmaker Shri Bajrang to raise $30 million to fund brownfield expansion

Tata Steel commissions 8 million mt ore crushing, washing plant at captive iron ore, manganese mine

India’s state trading firm MMTC to empanel iron ore miners for third party exports overseas

India’s AMNS planning specialty steel production capacity

India’s leading passenger car makers see strong sales drop in October