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Auto Sales: Passenger vehicle sales down 5% due to chip shortage, companies sold 271,358 vehicles in March

According to FADA, retail sales of domestic passenger vehicles (PV) declined by 4.87 per cent to 271,358 units in March. In March 2021, PV sales stood at 285,240 units.

Passenger Vehicle Sales: The effect of semiconductor shortage has been seen on the sales of passenger vehicles. There has been a decrease in the sales of passenger vehicles in March. Automobile Dealers Association, Federation of Automobile Dealers Association (FADA) informed on Tuesday that retail sales of domestic passenger vehicles (PV) declined by 4.87 per cent to 271,358 units in March. According to FADA, PV sales stood at 285,240 units in March 2021. According to the body of automobile dealers, sales have been affected due to semiconductor shortage.

semiconductor shortage

According to FADA President Vinkesh Gulati, there is still high demand in passenger vehicles but the waiting list is long. Availability of semi-conductor, a key component of vehicle manufacturing, still remains a challenge. Although the supply has improved slightly from the last month, but still the supply is not getting on time. He said that due to the Russia-Ukraine war and the lockdown in China, there could be a further reduction in supply, which will also affect the delivery of vehicles.

two wheelers underperformer

Last month, two wheeler sales declined by 4.02 per cent to 1,157,681 units as against 12,06,191 units in the year-ago period. Gulati says that the two wheeler segment was already an underperformer due to rural distress, while it has seen further decline due to increase in fuel prices and increase in ownership cost.

Commercial vehicle sales increased

Commercial vehicle sales increased by 14.91 percent to 77,938 units in March, from 67,828 units in March 2021. Sales of three-wheelers also increased by 26.61 per cent to 48,284 units last month as compared to 38,135 units in March 2021. While the sales of vehicles across all categories declined by 2.87 per cent to 16,19,181 units last month as compared to 16,66,996 units in the same month last year.

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