Car sales in India soared by 9% to 4.23 million units last fiscal, driven by SUV demand. Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, and MG Motor India all reported significant sales growth across various segments. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to 336,000 units in the year-ago period, making it the 15th consecutive month that PV sales have breached previous monthly records.
PV sales in FY24 crosses staggering 4.2-million mark - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Car sales are on an uphill drive thanks to improved semiconductor supplies, robust demand for Sports Utility Vehicles (SUVs), healthy economic growth, favourable monsoon, and effective monetary policies
Carmakers in India are increasingly navigating a mix of power train technologies from petrol to hybrids to electric, driven by policy initiatives, tougher emission norms and changing customer preferences, among others.