Automobile dispatches dip 23% in February as supply-side challenges continue: SIAM

Two-wheeler wholesales plunge 27%

Automobile dispatches from factories to dealerships across the country declined 23% 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 demand scenario, industry body SIAM said on Friday.

Wholesales of domestic passenger vehicles, two-wheelers and three-wheelers declined 23% to 13,28,027 units last month, compared with 17,35,909 units in February 2021.

Overall, passenger vehicle dispatches in February 2022 declined 6% to 2,62,984 units, compared with 2,81,380 units in the same month of last year.

Passenger cars wholesales stood at 1,33,572 units last month as compared with 1,55,128 units in February 2021. However, utility-vehicle dispatches increased to 1,20,122 units as against 1,14,350 units in the same period of last year.

Sales of vans, however, declined to 9,290 units last month, compared with 11,902 units in February 2021.

Similarly, total two-wheeler wholesales declined to 10,37,994 units in February as against 14,26,865 units in the same month last year, a drop of 27%

Scooter wholesales dipped to 3,44,137 units in February, against 4,65,097 units in the same period last month.