
PV sales rise 13% in April: SIAM
The increase in passenger vehicle sales has been attributed to a smooth transition to BS VI Phase I emission norms from April 1.
The increase in passenger vehicle sales has been attributed to a smooth transition to BS VI Phase I emission norms from April 1.
Two-wheeler sales grew 12% year-on-year in March but were down 9% from pre-Covid levels.
Between April 2022 and February 2023, passenger vehicle sales stood at 34,61,716 units, whereas the production stood at 40,76,780 units.
This will be approximately 20% above the pre-pandemic peak of 40.5 lakh units, which also will be the highest-ever sales achieved by domestic PV original equipment manufacturers (OEMs).
In November, Maruti Suzuki grabbed the largest market share of 41.01% in the passenger vehicle segment and sold 1,23,409 units.
With easing supply-side constraints and a shift toward expensive vehicles, auto dealers are expected to clock 20-25% revenue growth.
Passenger vehicle sales rose 6.51% year-on-year to 2,74,448 units in August.
The auto dealers' lobby warns that high interest rates for vehicle loans will be an additional blow for the two-wheeler segment.
Two-wheeler sales plunged 21% to 11,84,210 units last month.
The study suggests that 68% of car buyers in India who responded to the survey said they would want to go through the entire journey of buying a car in-person