Car sales up in April even as chip crunch hurts Maruti

India's passenger vehicle shipments increased by 12.9% YoY to 331,747 units in April, with all automakers stepping up supplies to dealerships. However, the limited availability of semiconductors affected the production operations of Maruti Suzuki. Retail sales of passenger vehicles marginally grew by 3.5% YoY to 285,700 units during the month. While Maruti Suzuki reported robust increasing volumes in April, its sales were constrained due to a shortage of electronic components that affected deliveries. Despite an increase in enquiry levels following the introduction of new SUV models, concerns remain over inflation and the possible weakening of consumer sentiments due to less favourable monsoon rains.

from Auto-Industry-Economic Times https://ift.tt/lAWRmbL