Passenger vehicle dispatches rise 11% in July as chip situation improves

The passenger vehicle dispatches to dealers increased by 11 per cent in July as improvement in semiconductor supplies helped the companies to ramp up production ahead of the festive season, auto dealers’ body SIAM said on Friday.

Overall passenger vehicle wholesales increased to 2,93,865 units last month compared to 2,64,442 units in July 2021.

Passenger car dispatches rose 10 per cent to 1,43,522 units in July from 1,30,080 units in the year-ago period.

Utility vehicle wholesales grew 11 per cent to 1,37,104 units last month from 1,24,057 units in the same period last year.

Van dispatches also increased to 13,239 units from 10,305 units in July 2021.