Automobile dispatches dip 23% in February as supply-side challenges continue: SIAM
Wholesales of domestic passenger vehicles, two-wheelers and three-wheelers declined 23 per cent to 13,28,027 units last month, compared with 17,35,909 units in February 2021.
The long waiting period is making customers think twice before purchasing a car. Amal Bhatnagar, a banker at ICICI Mohali, wants to purchase a new Tata Nexon but is in a fix due to the long waiting period of 3-4 months.
Automobile dispatches from factories to dealerships across the country declined 23 per cent in February, as various supply-side challenges, including semiconductor shortage, and rise in vehicle prices due to the implementation of new regulations continued to impact demand scenario, industry body SIAM said on Friday.
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Wholesales of domestic passenger vehicles, two-wheelers and three-wheelers declined 23 per cent to 13,28,027 units last month, compared with 17,35,909 units in February 2021.
Overall, passenger vehicle dispatches in February 2022 declined six per cent to 2,62,984 units, compared with 2,81,380 units in the same month of last year.
Passenger cars wholesales stood at 1,33,572 units last month as compared with 1,55,128 units in February 2021. However, utility vehicle dispatches increased to 1,20,122 units as against 1,14,350 units in the same period of last year.
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