India’s light vehicle market the only one among top 10 globally to outgrow pre-pandemic levels
Led by positive macro-economic factors, passenger vehicle sales in India have been advancing month-on-month since FY22. Fuelled by the festive season, November dispatches touched a new high of 334,000 units. In FY23, sales touched a record high of 3.8 million units, surpassing the pre-Covid peak of 3.3 million units seen in FY19.
Tags : light vehicle passenger car sales s automobile market s&p global mobility india vehicle export
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