Passenger vehicles get a festive high in October; sales see sharp rise

Availability of semiconductor chips, rising consumer confidence contribute to the growth

Domestic passenger vehicle (PV) sales saw a significant growth in October due to increased availability of semiconductor chips and rising consumer confidence.

The sales figures during the month — which coincided with the first post-Covid festival season — released by the top ten carmakers saw a jump of 30.7 per cent to 322,885 units in October. (see table 1) Auto companies count wholesales — units dispatched to dealers — as sales.

Domestic dispatches of India’s largest carmaker Maruti Suzuki increased from 108,991 units in October 2021 to 140,337 units. Shashank Srivastava, executive director, sales, Maruti Suzuki, said at a virtual