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Hyderabad: If you have plans to buy a new vehicle – either a two-wheeler or a four-wheeler – then you might have to wait for at least two to three months till you can get hold of the vehicle of your dreams. As automakers are starting at a semiconductor shortage, it is impacting dispatches to […]

Two-wheeler sales also witnessed a decline of 53 per cent at 4,10,757 units last month, as compared to 8,65,134 units in April.

Passenger vehicles (PV) registrations were at 23,86,316 units last fiscal, as against 27,73,514 units in FY20, down 13.96 per cent

As per the data, dealer inventory continues to fall with personal vehicles' inventory ranging from 15-20 days and two-wheelers' inventory from 30-35 days.

FADA said that a "fair competition Franchise Act" will not only be a win-win for both the auto original equipment manufacturers (OEMs) and dealers, but will also be beneficial to customers in the long run

The overall auto industry would however continue to grow in the next few months, in line with improving economic indicators

Fitch Solutions Country Risk and Industry Research noted that some of the operational risks present in the country would still remain a challenge for many investors despite the incentive

The dealers said they are unhappy with the compensation being offered to them and due to this they are now forced to evaluate legal options

Commercial vehicle sales also slipped 30.32 per cent to 44,480 units, as against 63,837 units a year ago