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Society of Indian Automobile Manufacturers

Entry two-wheelers hit by rate hikes, pricey fuel

CHENNAI: Two-wheeler sales have hit skid row and the real culprit is the multiple price hikes that are pinching the mass-volume entry-level segment. Auto industry sources say that between April-December, prices of two-wheelers on an average have gone up by Rs 5,000-8,500, impacting the entry-level where affordability is key. “While the…
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India Auto Sales: Passenger vehicle dispatches drop 27 pc in Oct as semiconductor shortage hits production

Passenger vehicle wholesales in India declined by 27 per cent year-on year in October with semiconductor shortage hitting production of automobile manufacturers, auto industry body SIAM said on Friday. Passenger vehicle sales last month stood at 2,26,353 units, as compared to 3,10,694 units in the year-ago period. As per the latest data by the…
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