March month Two-wheeler sales down by 21% year-on-year (y-o-y) to 11,84,210 units, while it was 14,96,806 units in corresponding month last year, and fiscal year (FY) wise, 2021-22 was the lowest in last ten years. On fiscal year basis, sales of two wheelers down 11% to 1,34,66,412 units in 2021-22 and it was 1,51,20,783 units in the previous fiscal year.
For the first time, utility vehicle sales overtake passenger cars in the April-March period at 14,89,178 units compared with 14,67,056 units, the Society of Indian Automobile Manufacturers (SIAM) data said. While some segments like SUVs and commercial vehicles are seeing improvement in demand, mass segments like Two-wheelers and smaller cars are facing serious affordability issues,” Kenichi Ayukawa, President, SIAM.
Ayukawa noted that the year gone by was full of unanticipated challenges and new learning for the industry. “Our auto industry has worked hard against these challenges to keep the value chain running, to indigenous parts, control cost, invest in new technologies and enhance exports. Indian government also came out with targeted support like PLI schemes, FAME scheme extension, etc,” he added.
In the 2021-22 fiscal year, total passenger vehicle (PV) wholesales increased by 13% to 30,69,499 units from 27,11,457 units in 2020-21. Three wheeler sales also increased to 2,60,995 units last fiscal from 2,19,446 units.
Meanwhile, talking about export performance, “We are happy to share that all four segments of the industry have increased their exports. In fact, Two-wheelers achieved their highest ever exports. It is good to see that Indian products are becoming more acceptable worldwide for their quality, cost and performance” said, Ayukawa.
