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Vehicle sellers’ physique FADA on Tuesday termed the present festive season because the worst when it comes to enterprise in a decade for its retail companions throughout the nation. The business physique, which represents over 15,000 auto sellers that personal over 26,500 shops throughout the nation, mentioned the chip scarcity scenario has impacted offtake within the passenger car phase.
FADA President Vinkesh Gulati mentioned in an announcement, “That is the worst festive season that the Indian auto retail has seen within the final decade. Chip scarcity is impacting provides in PV creating an enormous scarcity of autos in SUV, compact – SUV and luxurious phase.”
The entry-level passenger car phase continues to be seeing much less demand as a consequence of prospects conserving cash for the well being care wants, he added.
Gulati famous that gross sales within the entry two-wheeler phase have been nonetheless not choosing up as a consequence of rural misery and gas costs, and individuals are making an attempt to avoid wasting for healthcare emergencies somewhat than making a high-value buy.
Within the industrial autos house, the scenario was comparatively higher with a pick-up in demand for intra-state motion of products.
On Dhanteras, which sees sturdy deliveries of autos to prospects, main corporations have been but to come back out with official numbers.
MG Motor India mentioned it delivered over 500 items of its mid-sized SUV Astor to prospects in the course of the auspicious day. The automaker has delivered the primary batch of greater than 500 autos to prospects on the auspicious event of Dhanteras, MG Motor India mentioned in an announcement.
That is significantly particular contemplating the acute scarcity of chips, it added. The corporate additional mentioned it’s making an attempt its finest to enhance the provision to fulfill its preliminary goal of 4,000-5,000 deliveries by the tip of December 2021.
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The automaker has delivered the primary batch of greater than 500 autos to prospects on the auspicious event of Dhanteras, MG Motor India mentioned in an announcement. That is significantly particular contemplating acute scarcity of chips, MG mentioned.
Usually, the festive season gross sales account for about 40% of the annual car gross sales. However this 12 months the unprecedented provide chain disruptions, gas worth hikes, improve in enter prices with consequent car worth rise, and the financial slowdown after the COVID second wave marred the September and October gross sales.
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