Categories: BusinessUncategorized

Passenger vehicle sales dip 19% as a lack of chip continues

New Delhi: The large party of passenger vehicles in the country fell 19 percent in November because the lack of semiconductors continued to have an impact on the production of vehicles and subsequent deliveries to dealer partners, the auto industry said on Friday.
The delivery of passenger vehicles (PV) last month reached 2,15,626 units, down 19 percent from 2,64,898 units in November 2020.
Similarly, total two-wheel sales declined sharply by 34 percent to 10.50,616 units last month 16.00,379 units at Last year period.
Total three-wheel delivery reached 22,471 units, down 7 percent from 24,071 units in November 2020.
Total car sales cross categories drooped to 12,88,759 units last month compared to 18,89,348 units in the period last year.
“The industry continues to face headwinds due to global semi-conductor shortages.
In the season of the celebration, the industry hopes to redeem the lost land, but sales in November 2021, are the lowest in seven years for passenger vehicles, the lowest in 11 years for two-wheeled vehicles and two-wheeled vehicles Lowest in 19 years for tricycle, “Society of Indian Automobile Manufacturer (Siam) General Rajesh Menon said in a statement.
In the midst of increasing the threat of omicron, the new Covid variant, the pro-active industry ensures employee safety and monitors every hiccup of the supply chain, he added.

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