Car dispatches rise 23% on better chip supplies

NEW DELHI: As the festive season begins in the country, automakers dispatched 2. 8 lakh vehicles in August, showing a year-on-year growth of 21%.
Improvement in supplies of semiconductor chips as well as continued surge in demand for SUVs and new models are fuelling the growth, led by companies such as Tata Motors, Mahindra & Mahindra, Maruti, Hyundai and Kia.
According to numbers released by industry body Siam, wholesales of passenger cars were up 23% at 1. 3 lakh units last month, as against 1. 1 lakh units in the year-ago period. Dispatches of utility vehicles and SUVs were hig-her by 20% at 1. 3 lakh units in August, as compared to 1. 1 lakh units in the same month ayear ago.


Total two-wheeler wholesales increased to 15. 5 lakh units last month, compared to 13. 4 lakh units in the year-ago period, a growth of 16%. Motorcycle wholesales grew by 23% at 10. 1 lakh unitsin August 2022, as compared to 8. 2 lakh units in the yearago month.
Scooter sales were higher by 10% at 5 lakh units last month, as against 4. 6 lakh units in August 2021, Siam said. Total three-wheeler sales rose to 38,369 units last month, against 23,606 units in August 2021, an increase of 63%. Sales across segments rose by 18% to 18. 7 lakh units in August this year, from 15. 9 lakh units in the same month last year.
“While a good monsoon and festive season is likely to increase demand, Siam is keeping a close watch on the dynamic supply-side challenges,” auto body’s DG Rajesh Menon said.

Source link

Leave a Comment

Adani Group Companies Return रश्मिका मंदाना की ये कातिल अदाएं Rashmika Mandana Fitness Mantra रश्मिका मंदाना खुद को कैसे रखती है फिट रश्मिका अपनी डाइट में फल और नारियल पानी को जरूर शामिल करती हैं