It’s an August month as carmakers rev up despatches for festive season

As expected, August 2022 has turned out to be quite an august month for the passenger vehicle industry in India. As per the wholesale numbers announced by 10 of the 16 PV manufacturers in the fray, a total of 317,072 units constitutes 29% year-on-year growth (August 2021: 246,504). Of these 10, three OEMs – Honda Cars India, MG Motor India and Nissan India – have reported YoY declines.

What has helped OEMs rev up the despatches to dealers across the country is the easing of the vexing semiconductor supply chain issue as well as the opening of the festive ...