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The Society of Indian Automobile Manufacturers (SIAM) in its latest data has said that the Passenger vehicle wholesales in the country declined 13 percent to the lowest level in five years in December 2021 as the industry continued to face production issues due to semiconductor shortage. Passenger vehicle dispatches stood at 2,19,421 units in December 2021 as compared to 2,52,998 units in December 2020. While acknowledging that the chip shortage situation is not expected to dramatically change in the short term, the industry body expressed hope that things will improve soon. 

As per the latest data, two-wheeler wholesales also fell 11 per cent to 10,06,062 units in December 2021. In the year-ago period, the same stood at 11,27,917 units. Motorcycle sales declined 2 per cent to 7,26,587 units in December last year compared to 7,44,237 units in the same period a year ago. Scooter sales were also down 24 per cent to 2,46,080 units in December 2021. During the same time last year, it was at 3,23,757 units.

In the December quarter of the current fiscal, passenger vehicle sales dropped 15 per cent to 7,61,124 units from 8,97,908 units in the year-ago period. During the same time, two-wheeler sales fell 25 per cent to 35,98,299 units compared to 47,82,110 units in the same period a year earlier. However, commercial vehicle sales saw a marginal increase to 1,94,712 units in the quarter under review as against 1,93,034 units in December quarter of 2020. During the 2021 December quarter, vehicle sales across categories declined 22 per cent on a year-on-year basis to 46,36,549 units. The same was at 59,46,283 units in the year-ago period.