PV dispatches continue rise in July; chip shortage may hit future supplies
- Passenger vehicles sales rose by 14.16% month-on-month to 264,442 units compared with 231,633 units in June
NEW DELHI : India's leading passenger vehicle (PV) manufacturers continued to increase wholesale dispatches of vehicles to dealerships in July, compared with the preceding month on the back of reopening of dealerships in most states across the country, pent-up demand for vehicles, and an inclination for personal mobility to avoid covid infection. Vehicle dispatches fell substantially in April and May due to an explosive increase in covid cases, which led to dealerships and factories being shut down.
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