Auto Sales Speeds-up After Easing Chip Shortage Prior to Festive Demand

Automakers Maruti Suzuki, Tata Motors, Mahindra & Mahindra, and Kia reported robust growth in their vehicle dispatches in the domestic market for August buoyed by festive demand and easing of semiconductor shortage woes. Other manufacturers like Hyundai, Toyota, and Skoda also reported growth in wholesales in August as compared with the same month last year.

The country’s largest automaker Maruti Suzuki India said its domestic passenger vehicle dispatches increased by 30 percent to 1,34,166 units in August as compared with 1,03,187 units in the year-ago month. Sales of mini segment cars, comprising Alto and S-Presso, grew to 22,162 units as against 20,461 units in August 2021.

Similarly, the dispatch of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S, and WagonR, to dealers rose by 57 percent to 71,557 units as compared to 45,577 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross, and XL6, clocked sales of 26,932 units last month as compared to 24,337 units earlier.

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