While the global chip shortage continues to haunt the automotive market around the globe, it seems as if things are getting better. With an average increase of about 30% in new car dispatches, the future seems great, especially in terms of the waiting period. Read to know more.
Car Dispatches Up by 30% | The Good News
Indian automotive Industry recorded yet another great run in terms of sales, with vehicle dispatches growing by as much as 29 to 31% to 335,000-340,000 units in August. The prime reason for high vehicle dispatches by OEMs can be attributed to the ease in production constraints and the fact that dealers need to stock vehicles to meet the bumper demand for the mini-festive period of August 2022.
While sales growth was positive for almost all segments, in the two-wheeler category, things were rather slow. Nonetheless despite high rising prices of CNG, petrol as well as diesel, the current consumer sentiment is highly motivated towards new purchases which is evident from the massive growth in sales number.
And with the global chip shortage now improving, production has been fuelled even further to make way for massive festive demand. To summarise, OEMs will now do anything to up their dispatching game so that dealers can stock up at least bestselling vehicles. So all and all, it indeed is good news for consumers as a high dispatch number directly translates to a higher fulfilment rate and low waiting period. So if you are planning to bring home your favourite car, now is the time!
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