Auto companies post record sales for May
Business Standard|June 02, 2023
The Indian auto industry has recorded its highest-ever May wholesales of domestic passenger vehicles (PVS) at 334,802 units amid better semiconductor chip supply and high demand for sport utility vehicles (SUVs).
DEEPAK PATEL
Auto companies post record sales for May

The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units, said Shashank Srivastava, senior executive officer, marketing & sales, Maruti Suzuki India.

He said bookings have been going up during the last one year as chip shortage had affected production. "The chip supply situation has become better so a lot of these pending bookings have been cleared," he added.

This story is from the June 02, 2023 edition of Business Standard.

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This story is from the June 02, 2023 edition of Business Standard.

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