According to SIAM data, passenger vehicle sales grew by 11 percent. Sales of T-Wheelers also registered an increase of six and a half percent.
There has been an increase in the sales of passenger trains in the month of January (2021) in the country. This is the sixth consecutive month when the sales of vehicles have increased. In fact, in order to avoid stagnant demand and corona infection, the sale of vehicles has increased due to the preference of private trains over public trains.
Increase in car sales
In January, 2,76,554 vehicles were sold, which is 11.4 percent higher than the same period a year ago. According to SIAM, if Tata Motors’ cell is merged, this increase will be 16 per cent. Tata Motors sold 26,978 units in January. Tata Motors does not share its sales figures with Siam.
Two-wheelers’ cells also increased
According to SIAM data, sales of two-wheelers have also increased by 6.63 per cent. Scooter sales were up by 9 percent to 4,54,315 units, while sales of the motorcycle increased by 5.1 percent to 9,16, 365 units. However, despite the continuous sale of vehicles, there are problems in the automobile sector. Problems with the supply of semi-conductors. The automobile sector may face problems in production due to increase in steel prices and lack of containers for export.
Currently, the decline in sales of commercial vehicles and three-wheelers remains a concern. In January, three-wheelers sales fell by 56.8 per cent to just 25,335 units. However, with the intensification of vaccinations, there may be a rise in the sales of two-wheelers and three-wheelers, along with the corona infection being the bar. This situation can also be seen in commercial vehicle sales.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.