Domestic car industry ends FY21 with a bang; March sales double over last year
The growth was led by the top three players in the industry. Market leader Maruti Suzuki saw its sales grow by nearly 92 per cent at 146,200 units while Hyundai doubled its tally at 52,600 units
Sumant Banerji | April 1, 2021 | Updated 19:17 IST
Strong rebound for domestic car industry in March
The domestic passenger vehicle industry ended fiscal 2021 with a strong rebound in March with the highest ever monthly sales tally of over 320,000 units. These are more than double of the tally in March last year when the base was low due to the shift from BS IV to BS VI emission norms. Sales last year were also impacted by the pandemic as the lockdown had kicked in from the 25th.
Mahindra Auto Sector sells 40,403 vehicles in March 2021
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Base effect, lower lending rates accelerate Mar auto sales
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Semiconductor crisis impact could peak in April, affect production till June by Sumantra B Barooah 13 Mar 2021 With growing levels of connectivity in vehicles, automotive semiconductor ICs with varying functionalities are used for multiple applications. Mahindra & Mahindra, which is seeing good demand for its SUVs, is bracing itself for the chip/semiconductor challenge to continue for another 3 months or so. Bajaj Auto’s premium motorcycle segment comprising KTM, Husqvarna and Dominar is notching sales of nearly 12,000 units each month but losing production due to supply chain problems in the form of shortage of semiconductors and ABS parts. Tata Motors’ Thomas Flack has urged the re-modelling of su