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%.
Tags : tata motors market share indian car market mahindra market share in india maruti suzuki market share in india passenger vehicle sales in india Society of Indian Automobile Manufacturers suv sales in india honda market share in india car exports
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