PV Sales Analysis FY23: Indian OEMs inch closer to sell 1 of every 4 cars sold in the country


Passenger vehicles posted their highest ever domestic sales during 2022-23 at 38.9 lakh units, growing at a CAGR of 3.6% and surpassing the previous peak of 33.7 lakh in 2018-19. The top three carmakers Maruti Suzuki, Hyundai, Tata Motors reported their best ever sales performance during the fiscal year ended March 2023. Interestingly, the share of Indian carmakers (Tata Motors, Mahindra & Mahindra) inched closer to occupy about a quarter of the industry’s sales while the Japanese OEMs (Maruti Suzuki, Toyota, Honda, Nissan) dipped blow 50%.

Read more at : economictimes

Disclaimer : We make no assurance about the completeness and accuracy of the content of this website. All news on this website is collected from various sources hence information may or may not be true. Money Nations does not verify the reliability of the content published. We do not accept any accountability for loss or damage occurred as a result of reliability on the content of this website.