Passenger vehicle retail sales up 40 pc in June as chip supply improves
Passenger vehicle retail sales in the country rose 40 per cent in June indicating an improvement in semiconductor supplies even as demand, especially for SUVs, remained robust, auto dealer’ body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) registrations rose to 2,60,683 units last month, as compared to 1,85,998 units in June 2021, registering an increase of 40 per cent. “The PV segment continued to see robust growth. An increase in dispatches clearly shows that semiconductor availability is now getting easier,” FADA…
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