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Passenger vehicle sales decline by over 2 pc in 2020-21: SIAM
Passenger vehicle sales in India declined by over two per cent in the 2020-21 fiscal as the COVID-19 pandemic has put brakes on the sector which has already been witnessing a structural slowdown over the last few years, industry body SIAM said on Monday.
By
migrator
migrator
New Delhi
As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), in the 2020-21 fiscal, passenger vehicle wholesales declined by 2.24 per cent to 27,11,457 units as against 27,73,519 units in 2019-20. Total two-wheeler dispatches during the last fiscal by companies to their respective dealer partners declined by 13.19 per cent to 1,51,19,387 units, as compared to 1,74,16,432 units in 2019-20.Â
Total commercial vehicles sales declined by 20.77 per cent to 5,68,559 units last financial year, as against 7,17,593 units in 2019-20.
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