Auto wholesales down nearly 19% in January: SIAM

Sales of passenger vehicles fell to about 2.54 lakh units as against over 2.76 lakh units in the year ago month, a decline of 8%

Wholesale dispatches of automobiles declined nearly 19% year-on-year in January as factors such as third wave of the pandemic, semiconductor shortages and lower rural demand kept passenger vehicle and two wheeler sales subdued, according to the Society of Indian Automobile Manufacturers (SIAM).

According to the data released by the industry body, overall vehicle wholesale dispatches fell to about 14.06 lakh last month from over 17.33 lakh units in January 2021, down 18.8%.