New Delhi. Auto industry body Society of Indian Auto Mobile Manufacturers (SIAM) said on Thursday that automobile manufacturers are struggling to produce enough units due to semiconductor shortage, which has led to a drop in passenger vehicle wholesales in India in September. There was a decline of 41 percent on a yearly basis.
Passenger vehicle sales last month stood at 1,60,070 units as against 2,72,027 units in the same period a year ago. According to the latest SIAM data, the dispatch of two-wheelers to dealers also declined by 17 percent to 15,28,472 units in September 2020 from 18,49,546 units in September 2020. During this period, there was a decline of 22 percent in the departure of motorcycles.
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Kenichi Ayukawa, President of SIAM, said, “The Indian automobile industry is facing new challenges. While on the one hand we are seeing an improvement in the demand for vehicles, on the other hand the shortage of semiconductor chips is becoming a major concern for the industry. Many members have cut their production plans.”
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He said that with the demand of the festive season, customers are having to wait a long time for some of the popular models.
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