NEW DELHI: Passenger car wholesale dispatches declined by 27% in October (year-on 12 months) with the semiconductor scarcity hitting manufacturing of corporations in the course of festive deliveries, auto business physique Siam stated on Friday. Passenger car gross sales final month stood at 2.3 lakh models, as in comparison with 3.1 lakh models within the year-ago interval.
In accordance with the Siam information, two-wheeler dispatches to sellers additionally witnessed a 25% decline at 15.4 lakh models, in comparison with 20.5 lakh models in October 2020. The 2-wheeler business has been down because of excessive gas retail costs and demand pressures in rural areas.
In accordance with the Siam information, two-wheeler dispatches to sellers additionally witnessed a 25% decline at 15.4 lakh models, in comparison with 20.5 lakh models in October 2020. The 2-wheeler business has been down because of excessive gas retail costs and demand pressures in rural areas.
Supply: Times of India