According to data available with the industry body Society of Indian Automobile Manufacturers (SIAM), 226,353 passenger vehicles were dispatched from factories to dealers in October, compared to 310,694 units a year earlier.
The decline in wholesale volumes in the industry would be lower at 22% if Tata Motors’ numbers are included. Tata Motors, which has stopped reporting monthly data to SIAM, sold 33,925 units last month against 23,617 units in October 2020.
Automakers in India report wholesale dispatches from factories and not retail sales to customers.
While wholesale volumes of passenger cars dropped 43% to 103,829 units in the month under consideration, those of utility vehicles dipped marginally by 2% to 112,112 units.
Demand for two-wheelers, too, continued to remain under pressure with sales last month falling 25% to 1,541,621 units against 2,053,814 units sold a year earlier.
Sales of scooters declined 21% to 467,161 units, while those of motorcycles slid 26% to 1,017,874 units.
Two-wheeler sales, especially at the entry level, have been hit adversely due to a rise in acquisition costs post the transition to BS-VI emission norms and the economic impact of the second wave of the Covid-19 pandemic in rural areas.
“Manufacturers were banking on the festive season to recover from the severe drop in sales they have faced in the early part of the financial year 2021-22,” said Rajesh Menon, director-general of SIAM.
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