Mr Rajesh Menon, Director General, SIAM said,
“In the financial year FY20-21, there was a de-growth in sales of all segments compared to the previous years. (-) 2.24% for Passenger Vehicles with sales of 27.11 Lakhs units; (-) 13.19% for Two-Wheelers with sales of 151.19 Lakhs units; (-) 20.77% for Commercial Vehicles with sales 5.69 Lakhs units and (-) 66.06% for Three-Wheelers with sales of
2.16 Lakhs units.
If we look at the fourth Quarter Jan-March 2021 sales which might include some deferred sales from previous quarters, only passenger vehicle segment at 9.34 lac sales was marginally above the previous high of Jan- March 2018 at 8.62 lacs. Commercial vehicles sales at 2.10 lacs in Jan- March 2021 were below 2.82 lacs in Jan-March 2018. Similarly, Two- wheeler sales in Jan-March 2021 stood at 43.54 lacs against Jan-March
2018 figures of 51.13 lacs. Three-wheeler segment was the worst-hit with a sales of 0.86 lacs in this quarter compared to 1.97 lacs in Jan-March
2018.”
Mr Kenichi Ayukawa, President, SIAM said,
“Indian Automobile Industry continues to work hard, amidst the challenges of COVID second wave, to maximise production and sales, while ensuring safety of its people, partners and customers. We would like to thank and compliment the Government for a massive nation-wide vaccination drive and also for allowing vaccination of our employees in the factory premises.
On the sales front, a deep structural slowdown in the industry even before the pandemic, combined with the impact of COVID-19 in 2020-21, has pushed all vehicle segments back by many years. Recovery from here will require time and efforts, by all stakeholders. There is uncertainty in the value chain owing to semiconductors, lockdowns and raw material. In an environment of uncertainty, instead of trying to predict the future, we will all work hard to create it.”