Automobile dispatches decline 23% as supply-side challenges continue: SIAM

Automobile dispatches from factories to dealerships across the country declined 23 per cent in February, as various supply-side challenges, including semiconductor shortage, and rise in vehicle prices due to the implementation of new regulations, continued to impact the demand scenario, industry body SIAM said on Friday.

Wholesale of domestic passenger vehicles, two-wheelers and three-wheelers declined 23 per cent to 1,328,027 units last month, compared with 1,735,909 units in February 2021.

Overall, passenger vehicle dispatches in February 2022 declined six per cent to 262,984 units, compared with 281,380 units in the same month last year.

Passenger cars wholesales stood at 133,572 units last month