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Traveler car dispatches dip 4% in April, supply challenges remain

Passenger vehicle dispatches dip 4% in April, supply obstacles remain

< img src="https://bharatsuchana.com/wp-content/uploads/2022/05/rBfP0Q.jpg"class="ff-og-image-inserted"> BRAND-NEW DELHI: Traveler automobile dispatches from factories to dealers in the domestic market decreased by 4 per cent in April as supply side obstacles continued for the automotive industry, industry body SIAM stated on Wednesday. Overall passenger car domestic wholesales stood at 2,51,581 systems last month as compared to 2,61,633 units in April 2021. Automobile dispatches stood at 1,12,857 last month as versus 1,41,194 systems in the very same month last year. Utility vehicle wholesales however increased to 1,27,213 units from 1,08,871 units in the year-ago period.
Van dispatches stayed flat at 11,511 units in April as against 11,568 systems in April 2021. Two-wheeler sales increased by 15 per cent to 11,48,696 units last month as compared to 9,95,115 units in April 2021. Bike sales increased to 7,35,360 units as against 6,67,859 units in April 2021. Similarly, scooter dispatches rose to 3,74,556 systems last month as comparedto 3,01,279 units in the year-ago period. Three-wheeler wholesales likewise increased to 20,938 units last month as against 13,856 systems in April 2021.”Sales of guest cars is still listed below the April 2017 figures, while two-wheelers are even below the April 2012 figures, “SIAM director general Rajesh Menon kept in mind. Three-wheelers are yet to reach regular levels, as sales are still less than 50 per cent of April 2016 figures, he added. Manufacturers are striving to manage the supplier environment with dexterity and flexibility, as supply side challenges continue for the industry, Menon mentioned. “Further, manufacturers are also keeping an eye on the most likely influence on demand, due to the recent hike in repo rate, as it would increase the loaning rates to the consumers, “he stated. Previously this month, the Reserve Bank of India had actually increased the repo rate, the rate at which it lends to commercial banks, by 40 basis points to 4.4 per cent in a quote to consist of inflation that crossed 6 percent for three succeeding months.
Released at Wed, 11 May 2022 11:02:36 +0000

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