That is not true. You can use them against archers and win.Do not use them against:
Archers, as they simply don't have enough firepower to win (12 bows vs 40). If you want to take down archers always concentrate all your fire on them and charge them whenever possible.
I once did this as the Britons and practically wiped out a chosen archer warband in a missile duel. The key is to place them in loose formation and then to use the Cantabrian Circle... As a moving target they will be much more difficult to hit and you'll find that your light chariots are excellent marksmen (admittedly mine were at V2, but then those chosen archers are armoured).
Against unarmoured vanilla archers you'll rout them off the field in no time with the minimal loss of probably one chariot.
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