Passenger vehicle dispatches last month stood at 2,19,421 units compared to 2,52,998 units in December 2020.
Two-wheeler sales also fell 11 per cent to 10,06,062 units, compared to 11,27,917 vehicles in December 2020.
The (revenue) growth forecast for FY2022 has been revised downward by 200 bps to 15-17 per cent from the earlier estimates.
The scheme for the sector was approved with a budgetary outlay of Rs 25,938 crore. It aims at boosting domestic manufacturing of these products.
Audi India had posted a two-fold jump in retail sales at 3,293 units in India in 2021. It had sold 1,639 units in 2020.
BMW Motorrad sold 5,191 motorcycles, posting a remarkable growth of 102.5 per cent as compared to 2020.
The passenger vehicle (PV) retail sales last month fell 10.91 per cent to 2,44,639 units from 2,74,605 units in December 2020.
The 3-row recreational vehicle will be offered in five trim levels, coupled with multiple powertrains and six and seven seating options.
BMW India said over 40 per cent of the sales were generated last year from locally produced sports activity vehicle (SAV) range including the X1, the X3 and the X5.
For 2021, the automaker reported wholesales of 1,30,768 units in the domestic market, up 72 per cent from 76,111 units in 2020.
Chip shortage in the international market has had a bearing on the sales and revenue of car companies that were hoping to cash in on the pent-up demand from bullish consumers who wanted to purchase new vehicles in the festive season.
Zero down on the loan amount and tenure to ensure you can afford the EMIs
Ford’s India exit has brought back the focus on similar exits made by several global auto giants in the past. But, poor product strategy isn’t the only reason behind their pull-out.
Automakers, as per a standard norm, reveal their monthly sales on the first day of the succeeding month.
The measures announced in the scheme bear the potential to make India an export hub in the global auto supply chain and increase cost competitiveness, ICRA stated
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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