With slew of new launches, Auto Inc set for a happy new year
India's passenger vehicle market, valued at INR 4.5 lakh crore, has been outpacing volume growth and the trend is likely to continue with the spate of new models led by EVs, which enjoy a superior realisation. Carmakers will likely clock INR 25,000-30,000 crore of incremental revenue from new model sales, according to analyst estimates.
Tags : electric vehicles automakers EVs car models maruti suzuki passenger vehicles Maruti Suzuki India Tata Motors Hyundai Motor India
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