Indian Auto Industry: India s auto market aims for a USD 300 billion milestone by 2026, backed by rising income levels and urbanization. The industry showcases robust production figures and significant FDI inflow, positioning itself as a global automotive hub with a promising future.
Sales Of Large Utility Vehicles: While compact SUV models - defined as per body type and ground clearance - are driving the surge in the overall passenger vehicle market on account of their larger share in absolute terms, bigger UVs are fast catching up.
While compact SUV models - defined as per body type and ground clearance - are driving the surge in the overall passenger vehicle market on account of their larger share in absolute terms, bigger UVs are fast catching up.
Auto Sector Growth: “The two-wheeler (2W) and three-wheeler (3W) segments saw increases of 5% and 17% respectively, while passenger vehicles (PV), tractors (Trac) and commercial vehicles (CV) faced declines of 6%, 3%, and 6% respectively,” FADA President, Manish Raj Singhania, said.