City
Epaper

Passenger vehicle sales crash amid COVID disruptions: SIAM

By ANI | Updated: June 11, 2021 15:00 IST

The automobile industry produced 8.06 lakh units in May but sales declined in strong double-digits with several state governments imposing lockdowns to check the spread of COVID-19's second wave.

Open in App

The automobile industry produced 8.06 lakh units in May but sales declined in strong double-digits with several state governments imposing lockdowns to check the spread of COVID-19's second wave.

Passenger vehicle sales totalled 88,045 units in May while three-wheeler sales were 1,251 units. Two-wheeler sales numbered 3.52 lakh units last month, the Society of Indian Automobile Manufacturers (SIAM) said on Friday.

Since both May 2020 and May 2021 were abnormal months because of the COVID-19 situation and lockdowns, a comparison of these two months holds no meaning, it said.

However, a comparison of May 2021 sales with May 2019, which was a normal year, presents a realistic picture. Passenger vehicle sales thus dipped by 61.2 per cent, two-wheeler sales by 79.6 per cent and three-wheelers by 97.6 per cent.

"Most part of May was under lockdown in many states, thus impacting overall sales and production. Many members had shut down their manufacturing plants to divert oxygen from industrial use for medical purposes," said SIAM's Director General Rajesh Menon.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Rajesh menonSiamSociety Of Indian Automobile Manufacturers
Open in App

Related Stories

Other SportsAsian Athletics Championships: Jyothi Yarraji wins gold in women’s 100m hurdles; Abdulla Aboobacker bags gold in triple jump

PoliticsThai parliament to vote for new PM today

BusinessThe Mall Group: The Ultimate Guide to Traveling to Bangkok with Kids

PoliticsThailand MPs elect new House Speaker

PoliticsThai king presides over opening ceremony for new parliamentary session

Business Realted Stories

BusinessWhen a helpless mother cries, even the sky splits apart: Maatri Devo Bhavah

BusinessEpic Yatra Announces Exclusive 2026 Amarnath Yatra Packages

BusinessAmbani Orgochem Reports Impressive Revenue Growth of 33.51 percent with surged in EBITDA to 76.77 percent for H1 YoY

BusinessAfter a Landmark India Debut, Angara Unveils Its First Men's Collection Ahead of International Men's Day

BusinessOil India, TotalEnergies join hands to boost deepwater exploration in Indian offshore