Auto Sales Up 113% at 3,180,039 Units in Q1 FY22: SIAM

According to the recent data published by the Society of Indian Automobile Manufacturers (SIAM), in the first quarter of FY22, the automobile wholesale registered significant growth backed by easing lockdown restrictions, phased renewal of industrial activities and a low-base of the last year.

As per the data, in the first quarter of FY22 (Between April 2021 and June 2021), the total domestic sales increased by 113% to reach 3,180,039 units as compared to 1,492,612 units in the first quarter of FY21.

Between April 2021 and June 2021, the total passenger vehicle segment registered an increase of 320% at 646,272 units as compared to the registered sales of 153,734 units in the same period last year.

*Passenger vehicles sales figures does not involve Volvo Auto, BMW and Mercedes while Commercial vehicles sales do not involve Scania and Daimler.

Mr. Kenichi Ayukawa, President, SIAM, said, “In the first quarter of FY22, automobile industry in India supported the government’s intent to combat the spread of the virus by putting lockdown restrictions on industrial activities. Several OEMs closed their production plants to get oxygen accessible for medical purposes. They also supported by expanding oxygen supply to hospitals, helping health care services and local communities.”

He added, “Recently, with relaxing restrictions, OEMs have cautiously restarted processes in a phased manner. We are grateful to the Government for expanding the rate of vaccination in the country, extending a fiscal stimulus package for the key impacted sectors and involving wholesale and retail trades under MSMEs.”

Between April 2021 and June 2021, the total domestic sales of commercial vehicles stood at 105,800 units, as compared to 31,636 units in the same period last year. For the period under review, the total M&HCV sales stood at 29,158 units, and total sales of LCV stood at 76,642 units.

In the first quarter of FY22, the two-wheeler sales stood at 2,403,591 units as compared to 1,294,509 units in the same period last year. In the quarter under review, the motorcycle segment registered 1,740,198 unit sales, and scooter segment registered 592,445 units sales.

Between April 2021 and June 2021, the total domestic sales for three-wheeler stood at 24,376 units as compared to 12,760 units sales in the same period last year.

SIAM reports sales figures for the wholesale dispatches of OEMs and FADA details retail figures from dealerships.

Source: IBEF