August auto sales see record jump on easing chip shortage, new launches

Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday

India’s auto sector – barometer of the country’s economy – demonstrated healthy growth rising to record levels in August year-on-year as shortage of semiconductors eased further helping companies to step up production ahead of the crucial festive season that kicked in with Ganesh Chaturthi on Wednesday. New model launches in the SUV segment also helped keep the demand in the fast lane.

Dispatches at India’s top seven passenger vehicle makers rose 30.2 per cent year-on-year to 3,05,744 units from 2,34,743 units, shows the monthly sales data released by the companies on Thursday. This is the sharpest year-on-year growth seen in