India’s auto sales is expected to be higher across segments in August 2022 as companies ramped up dispatches to dealerships ahead of the festive season.
Factory-gate shipments of carmakers rose over last year as improved availability of chips led to higher production, according to research reports compiled from Emkay Global Financial Services Ltd., Motilal Oswal Financial Services Ltd. and Dolat Capital Market Pvt.
Wholesales of passenger vehicles is likely to see stellar growth, aided by a lower base, as a global chip shortage disrupted production in the comparable period.
The dispatches of two-wheelers are expected to improve owing to festive demand and inventory build-up with dealers, the reports stated. July and August are typically weak months for two-wheeler sales, it said.
Here’s a look at the auto sales in August 2022, as reported by the companies: