Chip shortage hits domestic passenger vehicle wholesales in September; despatches drop 41% year-on-year
The Hindu
Last month, passenger vehicle (PV) sales stood at 1,60,070 units as compared with 2,72,027 units in the year-ago period
Passenger vehicle wholesales in India witnessed a 41% year-on-year decline in September as semiconductor shortage hit production leading to a drop in supplies from manufacturers to dealers, auto industry body SIAM said on October 14.
Last month, passenger vehicle (PV) sales stood at 1,60,070 units as compared with 2,72,027 units in the year-ago period.
As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler despatches to dealers also witnessed a dip of 17% to 15,28,472 units, compared with 18,49,546 in September 2020.
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