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Automobiles

India auto sales rebound 15% but miss pre-pandemic mark

Chip shortage still the immediate challenge, industry group chair says

An auto dealership in Mumbai. Passenger vehicle sales grew 13% on the year in India for the year to March, albeit from a low base. (Photo by Ryosuke Hanada)

MUMBAI -- New-auto sales in India rose for the first time in three years in the 12 months ended March, but the market remained weaker than before the COVID-19 pandemic.

About 3.78 million passenger and commercial vehicles were sold in fiscal 2021, up 15% on the year, according to the Society of Indian Automobile Manufacturers (SIAM).

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