Amid the COVID-19 pandemic, the Society of Indian Automobile Manufacturers (SIAM) in its latest report showed that passenger vehicle wholesales declined by 2.24 per cent to 27,11,457 units in the 2020-21 fiscal as against 27,73,519 units in 2019-20.
The report further noted that 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. Also, 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.
As per the report, dispatches of three-wheelers saw a drop of 66.06 per cent in the 2020-21 fiscal at 2,16,197 units, as against 6,37,065 units in 2019-20, while vehicle sales across categories declined by 13.6 per cent to 1,86,15,588 units, as against 2,15,45,551 units in the year-ago period.