National sales of passenger vehicles fall 51% in March affected by the coronavirus pandemic: SIAM
NEW DELHI: Sale of passenger vehicles in India decreased by 51 percent in March, affected by the 21-day national blockade due to the coronavirus pandemic.
According to the data published by Indian Automobile Manufacturers Society ( SIAM ), passenger vehicle sales last month fell to 1.43,014 units from 2.91,861 units in March 2019, a decrease of 51 percent.
Similarly, commercial vehicle sales last month had a massive drop from 88.95 percent to 13,027 units compared to 1.09,022 units in March 2019.
Two-wheeled vehicle sales decreased from 39.83 percent to 8.66,849 units in March compared to 14.40,593 units in March 2019.
therewouldbechallengesonthesupplyside; on the demand side and also on the issue of the availability of financing that all would have to address to regain growth in the sector, Wadhera said.
In the last fiscal year (April 1, 2019 - March 31, 2020), sales of passenger vehicles experienced a 17.82 percent decrease to 27.75,679 units compared to 33.77,389 units in the prior fiscal year.
Similarly, commercial vehicle sales decreased 28.75 percent to 7.17,688 units in April-March 2020 compared to 10.07,311 units in April-March 2019.
Two-wheeled vehicle sales also decreased 17.76 percent to 1.74,17,616 units in the last fiscal year compared to 2,11,79,847 units in fiscal year 2018-19.
Total sales across all categories in the last fiscal year decreased 17.96 percent to 2.15.48,494 units compared to 2.62.66,179 units in fiscal year 2018-19.