Passenger vehicle sales doubled to 2.31 lakh units in June 2020: SIAM
The Hindu
SIAM said overall vehicles remained “subdued” amid headwinds such as steep increase in commodity prices, semiconductor shortage, and fear of a third COVID-19 wave.
The wholesale dispatches of passenger vehicles more than doubled year-on-year to over 2.31 lakh units in June 2021, driven by low base amid easing of the pandemic-related lockdown restrictions, the Society of Indian Automobile Manufacturers (SIAM) said. The industry body, however, added that overall vehicles remained “subdued” amid headwinds such as steep increase in commodity prices, semiconductor shortage, and fear of a third wave. “In such an uncertain environment, the industry is working hard to maximise production and sales while ensuring safety of our people and customers,” Kenichi Ayukawa, President, SIAM, said.
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