Passenger vehicle sales dip 4% in Mar; When will auto industry see revival?4 min read . Updated: 13 Apr 2022, 04:51 PM IST
- According to SIAM data, in January - March 2022 period, total sales stand at 46,04,242 units versus 55,84,313 units of the same quarter a year ago. Passenger vehicles sales come at 9,20,661 units in Q4FY22 versus 9,33,583 units in Q4FY21.
The auto industry recorded a 4% decline in passenger vehicle wholesales in India for March 2022, however, the drop was massive in two-wheeler vehicles. The industry has been facing supply-side challenges with semiconductor shortages since 2022, and the industry is yet to garner some recovery.
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