Passenger Vehicles Sales Grow 8% In August 2021: SIAM

The passenger vehicles and Three wheeler segment saw a rise in sale in August 2021, according to the latest data by the industry body, Society of Indian Automobile Manufacturers (SIAM). Meanwhile, the two wheeler segment still not be able to recovered and witnessed a decline.

The total production of Passenger Vehicles, Three Wheelers, Two Wheelers and Quadricycle in the month of August 2021 was 19,84,676 units.  August witnessed 11.3% drop in total domestic sales to 15,86,873 units as against 17,90,115 units in the same month last year. These include PVs, three-wheelers, two-wheelers and quadricycles.

Passenger vehicles saw a uptrend with 7.5% growth in domestic sales at 2,32,224 units in August 2021 as against 2,15,916 units in the same period last year.

Rajesh Menon, director general, SIAM, said "Indian Automobile Industry is reeling under pressure due to supply chain challenges. The global semiconductor shortage continues and now it is having an acute impact on output across the auto industry. In addition, high commodity prices are increasing the cost of production. Against such strong headwinds, SIAM members are working hard to meet customers’ demand and expectations, while ensuring safety of its people across the value chain.”

It may be noted that SIAM data does not include Tata Motors, BMW, Volvo Auto, and Mercedes Benz.