Automobile sales in April drop 10.6 per cent year-on-year: SIAM
New Delhi , May 11 (ANI): Automobile sales in India declined by 10.59 per cent in April year-on-year due to a sharp drop in the sales of cars, Society of...
New Delhi , May 11 (ANI): Automobile sales in India declined by 10.59 per cent in April year-on-year due to a sharp drop in the sales of cars, Society of...
New Delhi May 11 (ANI/TPT): At a time its ride-hailing business is limping back to normality after months of Covid-induced lockdown, the company Mozart Automobiles is building India's largest two-wheeler...
New Delhi , May 11 (ANI/GPRC): Rachna Infrastructure is an Infrastructure and Construction company with almost two decades of experience in all types of infrastructure and civil construction work. Since...
New Delhi , May 11 (ANI/TPT): ITM University Gwalior Women's Hockey Team has recently been crowned champions for the 2nd time in a row in the Khelo India University game...
New Delhi , May 11 (ANI/GPRC): Talking about the condition of thalassaemia in India, veteran activist and volunteer for thalassaemia Rotarian Subhojit Roy said, "We desperately need to create awareness...
New Delhi , May 11 (ANI): Government-run oil marketing companies - Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) - have entered...
New Delhi May 11 (ANI/ATK): Asian-African Chamber of Commerce and Industry (AACCI) organized the prestigious 4th Asian African Leadership Forum 2022 in New Delhi on Sunday, 24th April at India...
New Delhi , May 11 (ANI/GPRC): Art is something that makes you breathe with a different kind of happiness, If you are an art lover and keen in buying or...
New Delhi May 11 (ANI/PNN): Louis Vuitton is delighted to unveil its Dauphine bag campaign, starring Deepika Padukone, Emma Stone and Zhou Dongyu, shot by Ethan James Green. Newly announced...
Chennai (Tamil Nadu) , May 11 (ANI/BusinessWire India): Yethi Consulting Pvt Ltd, one of India's fastest-growing pure-play testing companies, announced the inauguration of its new office in Thiruvanmiyur, Chennai. With...
New Delhi [India], May 11 (ANI): Automobile sales in India declined by 10.59 per cent in April year-on-year due to a sharp drop in the sales of cars, Society of Indian Automobile Manufacturers (SIAM) data showed on Wednesday.
A total of 1,421,241 vehicles including Passenger Cars, Three Wheelers and Two Wheelers were sold in April 2022 as against 1,270,604 units sold in April 2021.
According to SIAM, passenger vehicles registered a year-on-year decline of 4 per cent in April 2022. Total 251,581 passenger vehicles were sold in April 2022 as against 261,633 units sold in April 2021.
Passenger cars have seen a decline of 25.10 per cent in April 2022 as 112,857 passenger cars were sold in April 2022 against 141,194 units sold in April 2021.
Two-wheeler sales have registered a growth of 13.37 per cent as 1,148,696 two-wheelers were sold in April 2022 against 995,115 units sold in April 2021.
Three-wheeler sales have also increased by 33.82 per cent as 20,938 units of three-wheelers were sold in April 2022 against 13,856 units sold in April 2021.
"Sales of passenger vehicles are still below the April 2017 figures, while two-wheelers are even below the April 2012 figures," Rajesh Menon, Director General, SIAM, said in a statement.
"Three-wheelers are yet to reach normal levels, as sales are still less than 50 per cent of April 2016 figures. Manufacturers are working hard to manage the supplier ecosystem with agility and flexibility, as supply-side challenges continues for the industry," he said.
"Further, manufacturers are also monitoring the likely impact on demand, due to the recent hike in repo rates, as it would increase the lending rates to the customers," Menon added. (ANI)