Dushyant Singh Pundir
Tribune press service
Chandigarh, November 2
Despite the Covid-19 pandemic, Dhanteras has been a hit with car dealerships as they reported a 20% increase in sales from last year.
Mohit Pratap Singh, a Tata Motors and Renault dealer, said an almost 20% increase in vehicle sales has been observed. They received an overwhelming response as demand exceeded supply, he said, adding that there was a shortage of vehicles due to the shortage of semiconductor chips, which were used in vehicles. . The shortage of semiconductor chips has had an impact on vehicle manufacturing this year and that shortage could continue until January of next year, he added.
With a sharp increase in gasoline and diesel prices, he said the demand for vehicles equipped with CNG had also increased this time around. Due to a shortage of vehicles, many buyers decided to wait to get vehicles equipped with CNG, as the cost of the trip was much cheaper than that of fossil fuels. He said, however, that due to the high cost and lack of highway infrastructure, people were reluctant to buy electric vehicles despite the low cost of operation.
Karan Gilhotra, a Honda two-wheeler dealer, said this Dhanteras’ response was robust compared to previous years.
In motor vehicle retailing, dealers have received more response than expected. âOn this auspicious day, we delivered over 40 vehicles,â said Parveen Singh, Managing Director of Harbir Automobiles, a Mahindra dealership.
âThe demand has exceeded the supply,â he said, adding that they would have to wait for the full supply of vehicles as vehicle manufacturing had to be cut due to the shortage of semiconductor chips, which have been imported.
He said, however, that there had been no impact of Covid-19 on vehicle sales, but the shortage of semiconductor chips had affected supply as manufacturers were unable to meet the demand for passenger vehicles.
The sale of gold has seen an unprecedented increase this Dhanteras. Talwar Jewelers’ Anil Talwar said the response was more than expected as the wedding season is about to begin. With the opening of air travel from Canada and European countries, a large number of NRIs had arrived in India for wedding ceremonies and they were purchasing jewelry in large quantities. Another jeweler said he saw the sale of gold increase by almost 120% this time from the previous year and it appeared that the pre-Covid era had returned this festival season.