Passenger Vehicle Sales 2023: As the industry prepares for the festive season in various parts of the country, auto sales are expected to scale new peaks at over one million units. Better economic growth, better rural demand thanks to normal monsoon and agricultural activities, easing of semiconductor supply constraints, launch of new SUVs and the availability of more popular models are among the factors that would prop up sales during the 2023 festive season up to Diwali in November.
August 2023 Auto Sales: The record number comes in as production at top car companies such as Maruti Suzuki, Hyundai and Mahindra & Mahindra improves, while demand on the consumer side continues to remain strong. Tata Motors was the only company to see a decline in numbers.
August 2023 Auto Sales: The record number comes in as production at top car companies such as Maruti Suzuki, Hyundai and Mahindra improves, while demand on the consumer side continues to remain strong. Tata Motors was the only company to see a decline in numbers.
August 2023 Auto Sales: Passenger vehicle sales in India reached a new monthly record in August, driven by SUV launches and increased production ahead of the festive season. Automakers dispatched 3,68,897 units in August, an increase of 12.8% compared to the previous year. This marks the eighth consecutive month with car dispatches exceeding 3,00,000 units, as buyers continue to purchase new models amid strong economic growth.