Car sales zoom past 4 million mark in FY24
India's largest carmaker Maruti Suzuki clocks highest-ever sales in FY24
India's largest carmaker Maruti Suzuki clocks highest-ever sales in FY24
Passenger cars marked the highest February sales figures ever, driven by new product introductions and enhanced vehicle availability, says FADA
Tata Motors registers 20% rose in domestic passenger vehicle sales
Moody's says the global car industry will hit the past peak of 95 million vehicles by 2026.
SUVs in particular saw strong demand, with extended waiting periods for key models.
Passenger vehicles and two-wheelers set new all-time highs.
The auto market showed consistent demand for luxury cars and SUVs, signifying a robust consumer appetite for premium segments, says FADA.
It is alarming that inventory levels have exceeded the 60-day supply for the first time, says FADA.
Closer reading of numbers show claim of economic boom is misplaced
Entry-level PVs have fewer buyers, suggesting that customers at the bottom of the pyramid are still hesitant to upgrade from two-wheelers to four-wheelers, says FADA.