Semiconductor shortage clouds lifting, passenger car inventory at lowest ever: FADA

Vinkesh Gulati, president of the Federation of Automobile Dealers Associations (FADA), on Thursday, said that there is no passenger car stock due to semiconductor shortage.

The Federation of Automobile Dealers Associations (FADA) said that 2021 has been the worst festive season for auto dealers in a decade with chip shortage in passenger vehicles (PVs) and low demand for two-wheelers hurting sentiments.

“Semiconductor issue may have improved, we are getting a lot of information on that but when it comes to the ground reality, we are sitting at the lowest ever passenger car stock; pre-festive it was 15-20 days, today we are at 10-15 days. Therefore, on-ground reality, it has not shown that effect; maybe in a month or two, the production will increase and we will get the vehicle on ground,” Gulati said, in an interview to CNBC-TV18.