Vehicle Dispatches Rise 21% As Chip Supply Improves

Vehicle Dispatches Rise 21% As Chip Supply Improves: Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August, riding on improved supplies of semiconductors and festive demand, according to the Society of Indian Automobile Manufacturers.

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As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units last month, against 2,32,224 units in August 2021. Passenger car wholesales were up 23 per cent at 1,33,477 units last month, as against 1,08,508 units in the year-ago period, SIAM said.