Passenger Vehicle sales down 2%, SIAM releases report

There was a drop in the sales of the passenger vehicle.

There was a drop in the sales of the passenger vehicle.

The central government has recently implemented a scraping policy to accelerate the auto sector. In which 20 year old private and 15 year old commercial vehicle will not be operated.

New Delhi. Vehicle industry organization SIAM said on Monday that passenger vehicle sales in India declined by two percent during the financial year 2020-21. Siam said that the industry already suffering from the structural recession suffered a lot due to the Kovid epidemic. According to the latest figures from the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales declined by 2.24 percent to 27,11,457 units in FY 2020-21 from 27,73,519 units a year earlier.

Corona epidemic declined – Similarly, the total two-wheeler vehicle sales fell by 13.9 percent to 1,51,19,387 units in the period under review from 1,74,16,433 units in the previous year, Siam said. Total commercial vehicle sales fell 20.77 percent to 5,68,559 units in the reporting period.

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Similarly, the sales of three-wheelers fell by 66.06 percent. SIAM President Kenichi Ayukawa said the industry, which was already reeling under a deep structural slowdown, also suffered from the Kovid-19 outbreak, causing the vehicle segment to go back several years. Efforts and time of all stakeholders will be needed for improvement from here.Also read: TVS XL 100 brought home for a down payment of Rs 7,999, will be surprised to know the price

Scraping policy implemented for the boom in the auto sector – The central government has recently implemented a scraping policy to accelerate the auto sector. In which 20 year old private and 15 year old commercial vehicle will not be operated. At the same time, the government has also announced to bring green tax on 8-year-old vehicles. Whose money will be spent on environmental protection.




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