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By what percentage did passenger vehicle dispatches increase in August 2022 due to improved chip supply and demand?
A)
17%
B)
21%
C)
26%
D)
32%

Correct Answer :   21%


Passenger vehicle wholesales in India witnessed a 21 percent(21%) annual growth in August 2022 riding on improved supplies of semiconductors and festive demand, according to Society of Indian Automobile Manufacturers.
 
As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units August 2022, against 2,32,224 units in August 2021.
 
Similarly, total two-wheeler wholesales increased to 15,57,429 units last month, compared to 13,38,740 units in the year-ago period, a growth of 16 per cent.
 
Total three-wheeler sales rose to 38,369 units last August 2022 against 23,606 units in August 2021, up 63 per cent.
 
Sales across segments rose by 18 per cent to 18,77,072 units in August 2022, from 15,94,573 units in the same August 2021, SIAM said..

Source : Business Standard

Published On : September 10, 2022
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