Two-wheeler sales up 15 percent in April 2022

SIAM says, OEMs are still trying to cope with supply side challenges and are working hard to manage the supplier ecosystem with agility and flexibility.

Autocar Pro News Desk By Autocar Pro News Desk calendar 11 May 2022 Views icon7672 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

SIAM has announced the sales numbers for the first month of the current fiscal. Passenger Vehicles which include UVs and vans were 251,581 units in April 2022 as against 261,633 units in April last year, a decline of three percent.

The news that is some cause for cheer are the two-wheeler sales which rose 15 percent to 1,148,696 units in April 2022 as against 995,115 units in the year-earlier month.

Rajesh Menon, Director General, SIAM said, “Sales of Passenger Vehicles are  still below the April 2017 figures, while the two-wheeler segment sales are even below the April 2012 figures. Three-Wheelers are yet to reach normal levels, as sales are still less than 50 percent of April 2016 figures.

SIAM said that OEMs are still trying to cope with supply side challenges and are working hard to manage the supplier ecosystem with agility and flexibility. Manufacturers are also monitoring the likely impact on demand, due to the recent hike in repo-rates, as it would increase loan rates, SIAM said.

RELATED ARTICLES
PM Narendra Modi inaugurates India Energy Week 2023 in Bengaluru

auther Autocar Pro News Desk calendar06 Feb 2023

India Energy Week, underway from February 6-8, aims to showcase India's rising prowess as an energy transition powerhous...

Tata Motors commences Tiago EV deliveries

auther Autocar Pro News Desk calendar03 Feb 2023

​​​​​​​Tata Motors, which has received over 20,000 bookings for the all-electric hatchback, delivers the first batch of ...

Aptiv's new tech centre in Bengaluru to focus on SDVs and connected mobility solutions

auther Autocar Pro News Desk calendar03 Feb 2023

Looks to accelerate the transformation to software-defined vehicles and develop safer, greener, more connected mobility ...