The sales of passenger vehicles in India has reduced by over 2% in FY 2020-21, according to data released by the auto industry body, Society of Indian Automobile Manufacturers (SIAM). Covid-19 added to the industries existing woes last year to further slow it down.
According to the data released by the industry body, passenger vehicle wholesales declined by 2.24%. The industry registered sales of 27,11,457 units as compared to 27,73,519 units in 2019-20.
Two-wheeler dispatches also declined in the same time period. Sale of units from manufacturer to dealer reduced by 13.18%. In FY 19-20, the industry provided 1,74,16,432 units to dealerships, whereas in FY 20-21 the industry only registered wholesale of 1,51,19,387 units.
Total commercial vehicles sales declined by 20.77% to 5,68,559 units last financial year, as against 7,17,593 units in 2019-20.
