Better chip supply fuels passenger vehicle production by 16%: Siam

Amid better semiconductor chip supplies, the Indian automotive industry posted an 8 percent growth in production of vehicles across categories for the month of May, with three-wheelers (20 per cent) and passenger vehicles (16 per cent) leading the pack. Exports, however, dipped 21 per cent at an industry level.

The industry also recorded its highest-ever May wholesales of domestic passenger vehicles (334,802 units), riding on high demand for sport utility vehicles (SUVs) and better supplies of semiconductor chips. The previous peak was observed in May 2018, when the domestic PV wholesales stood at 301,238 units, Shashank Srivastava, senior executive officer, marketing and sales, Maruti Suzuki India (MSIL),