Sales of cars and sport utility vehicles (SUV) jumped 16 percent in September to a little over 2.33 lakh, opening the broader trend of a free fall in wholesale numbers during the month Retail demand for passenger vehicles, automobiles, SUV and vans, was strong in September, but there was a strong fall in the vehicles that manufacturers sent to the dealerships.
This imbalance has sunk the inventory in the concessionaires to register low only 15 to 20 days against 40-45 normal days during this time of year, data shared by the Federation of Association of Car Distributors (FADO) “As we entered the core of the festive season this year, full-party semiconductor crises continue to create obstacles in PV sales (passenger vehicle) as the vehicle inventory in the distributors ended up quickly to register under From 15 to 20 days during the current prosecutor “The president of Fado, Vinkesh Gulati, said President Fado.
The industry entered the festival season on October 7 with Navratri, a nine-day period considered auspicious by Hindus. The festival season, which will culminate in Diwali in November, represents 30-40 percent of annual volumes. This is the reservation of household homes for purchases of large tickets, such as cars, homes and jewelry The preliminary numbers announced by 10 companies that make the automobiles show that wholesale offices, vehicle manufacturers to concessionaires, in September, 37 percent in September as a shortage of restricted semiconductor production.
This data does not include Andhra Pradesh numbers, Madhya Pradesh, Lakshadweep and Telangana The leading automaker in India, Maruti Suzuki, cut production by 60 percent, followed by others such as Hyundai and Honda due to the global shortage of chips that has also hit other industries With a high demand, a long waiting period continues by frustrating the buyers, Gulati said.
The waiting period for certain high demand models such as Hyundai Crete, Kia Selects, Mg Hector and Maruti Suzuki Ertiga has uploaded up to five months The shortage of chips seems less likely to be alive within the following two quarters. As a result, the sales of passenger vehicles are likely to stand forward, although OEMs are reaching the new releases to prevent the client from being Excited, “Fado added.
The two-wheel retail demand remained submitted in September, with volumes falling 12 percent to 9.14 lakh. While the shortage of semiconductors has also hit the production of two wheels, demand has remained soft, so there is an adequate inventory in the authorities According to FADA, the average inventory for two-wheel vehicles ranges between 30 and 35 days.
“With India who enters the 42-day festive period as of today (October 7), the short-term perspective for this year’s festive season is a mixed bag. While distributors have increased their inventory in vehicles Two wheels, the PV inventory is the lowest during this financial year due to the semi-driving crises in progress, “Fado added.
