March automobile sales numbers are due on Firday. CNBC-TV18 spoke to Nikunj Sanghi, Chairman of Automotive Skills Development Council (ASDC), and Vinkesh Gulati, President of FADA, on auto sales expectations, and to get a perspective on demand trends and outlook.
Sanghi said the number of two-wheelers being sold and registered are shrinking. “The increase in prices of two-wheelers have impacted the bottom of the pyramid, the lower end of the entry-level market, and that contributes to the maximum number of sales. Because they are down, the two-wheeler industry is shrinking," he said.
He also said an increase of Rs 2,000 per two-wheeler is anticipated across brands from April. Sanghi, however, said compact SUVs, hatchbacks and luxury vehicles are seeing a boom in demand.
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Gulati said that chip shortage is still there but February had been a good month. "March was also the first month in a year when there was 3 lakh plus production. But two months do good and again a lot of things happen externally. These are not under the control of the original equipment manufacturers (OEMs), like chip shortage, and other issues which are cropping up lately. I feel we will see production issues coming up again from April.”
For full interview, watch accompanying video
First Published: Mar 31, 2022 1:32 PM IST
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