Passenger Vehicle Wholesales Declined 19% In November Amid Chip Shortage: Industry Body SIAM

Passenger automobile wholesales within the nation declined by 19 laptop in November because the semiconductor scarcity continued to affect automobile manufacturing and subsequent deliveries to supplier companions, auto trade physique SIAM mentioned on Friday.The passenger automobile (PV) dispatches final month stood at 2,15,626 items, down 19 per cent from 2,64,898 items in November 2020.Similarly, complete two-wheeler gross sales declined sharply by 34 per cent to 10,50,616 items final month from 16,00,379 items within the year-ago interval.Total three-wheeler dispatches stood at 22,471 items, down 7 per cent from 24,071 items in November 2020. Total vehicle gross sales throughout classes drooped to 12,88,759 items final month in comparison with 18,89,348 items within the year-ago interval."Industry continues to face headwinds due to global semi-conductor shortage. In the festive season, industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were the lowest in seven years for passenger vehicles, the lowest in 11 years for two-wheelers and the lowest in 19 years for three-wheelers," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon mentioned in an announcement.Amidst the rising risk of Omicron, the brand new Covid variant, trade is pro-actively making certain worker security and monitoring any provide chain hiccups, he added.