Carmakers post growth as chip woes ease

PTI

Updated At : 02:29 PM Jul 02, 2022 IST

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New Delhi, July 1

Major carmakers, including Maruti Suzuki, Hyundai and Tata Motors, on Friday reported growth in their passenger vehicle sales in June as semiconductor shortage woes showed gradual signs of easing out.

In top gear
Maruti Suzuki reported 5.7% increase in total wholesales at 1,55,857 units in June
Rival Hyundai also reported 14.5% increase in total sales at 62,351 units in June
Tata Motors reported domestic passenger vehicle sales growth of 87% at 45,197 units

Other manufacturers, Kia India, MG Motor India and Skoda Auto India also reported robust sales growth last month.

“With the semiconductor situation showing signs of easing out, the sales numbers have again started showing a positive trend,” Hyundai Motor India Director (Sales, Marketing and Service) Tarun Garg said.

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