Top headlines: Car sales skid, Prosus joins top global investors, and more

From vehicle sales taking a beating in August to Jet Airways' plans to resume service by early 2022, Business Standard brings you the top headlines at this hour

Automobile sales skid on chip shortage; dealers stare at supply crunch

Vehicle sales took a beating in August as automobile makers cut production amid a worsening global chip shortage, the factory dispatch data showed on Wednesday. Maruti Suzuki India, the country’s largest carmaker, reported a 19 per cent decline in total sales at 130,699 units in August, as against 162,462 units in the previous month. The company has announced an up to 60 per cent cut in production this month after Bosch -- one of its largest chip suppliers -- shut down its factory in Malaysia owing to the pandemic.