Automobile wholesales dip 30% month-on-month in April: SIAM

The wholesales of passenger vehicles stood at over 2.61 lakh units in April, a month-on-month decline of 10.7% from 2.90 lakh units sold in March 2021.

Automobile manufacturers dispatched about 12.70 lakh vehicles, including passenger vehicles, two-wheelers and three wheelers, to dealers in April, lower by 30% compared to about 18.19 lakh vehicles dispatched in March 2021 due to the impact of the second wave of the coronavirus pandemic, according to data released by the Society of Indian Automobile Manufacturers (SIAM). The wholesales of passenger vehicles stood at over 2.61 lakh units in April, a month-on-month decline of 10.7% from 2.90 lakh units sold in March 2021, due to various restrictions in States which have been experiencing surge in cases. Likewise, sales of two-wheelers plummeted by 33.52% to about 9.95 lakh units from over 14.96 lakh units, and sales of three-wheelers de-grew 57.01% to 13,728 units.