New Delhi: Led by SUVs and new models, the passenger vehicle industry was performed by a vibrant comeback in 2021 although there was a challenge of semiconductor deficiency and the second wave of Coronavirus, because sales grew 27% and crossed a unit of 30 psychological lakhology only the third time in history.
Despite severe production constraints and long shipping backlogs (estimated at 7 lakh units), the car company sends 30.82 lakh units to dealers in the calendar in 2021, against 24.33 lakh units in 2020.
The growth rate is strong because 2020 is the first year which is affected by a pandemic that leads to a period of extraordinary uncertainty.
The sale of passenger vehicles has crossed a 30-lakh sign for the first time in 2017 where the total sales reached 32.3 lakh units.
In 2018, the industry was closed on units 33.95 lakh, before slipping in 2019 to 29.62 lakh units.
For Maruti Suzuki, the country’s largest car maker who also had severe impact by the semiconductor crisis, sales reached 13.65 lakh units in 2021, against 12.14 lakh units in 2020.
However, this is far from 17.31 the lakh unit has been sold in 2018.
Maruti Hyundai, however, reported 19% growth in 2021 domestic numbers in 5 lakh units on 4.2 lakh units in 2020.
The company has also been hit by a lack of semiconductors with vehicle shipping backlogs such as CReta and SUV venues in more than 1 lakh unit.
Shashank Srivastava, Director of Sales & Marketing in Maruti, said the company had initiated steps to overcome semiconductor deficiencies, even though the situation remained liquid.
“From a low production level, with a capacity of 40%, we can increase up to 83% in November, and up to 87% in December.
We hope that this progress will be maintained when we move forward,” Srivastava told Toi.
However, he added that demand also remained liquid.
“It is difficult to estimate.
There are factors that still make uncertain situations.
This includes the availability of semiconductors, economic growth, and how the Covid situation issued,” he said.
The industry also wrestles with high input fees, which have seen vehicle prices rise over the past few months.
Srivastava said the round of fresh price increases would occur in the next few days.
New models also caused accusations in 2020, and this included vehicles such as Xuv7oo and Thar for Mahindra & Mahindra.
The company grappled with a flood of bookings, which have seen the waiting list that runs more than a year for several variants.
“The problems around the parts related to semiconductors continue to be a challenge for the industry and are the main focus areas for us,” said Veejay Nakra, CEO of the Automotive Division M & M.
Beat all lumps, car sales grow 27% by 2021
