July auto sales rise 10% YoY as chip availability improves: SIAM

Market for entry-level passenger cars, two-wheelers and three-wheelers yet to recover

Automobile despatches to the domestic market in July and comprising all categories increased 10 per cent year-on-year, said an association of manufacturers on Friday.

Automobile firms in India count dispatches to dealers as sales. A strong run in passenger vehicles (PVs) including cars, vans and utility vehicles helped sales, said the Society of Indian Automobile Manufacturers (Siam) in its monthly statement. Improved availability of the semiconductors helped PV makers to ramp up production.

PV sales during the month rose 11 per cent to 293,865 units from 264,442 units a year ago as production increased to 358,888 units from 333,369 units. The sales