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Rural demand & SUVs propel India’s record-breaking car sales in FY24

Baua Electric

APRIL 1, 2024

Read more Rapid surges in SUV sales have propelled the growth in rural market sales for all the carmakers in India, while demand for small cars has slumped significantly. lakh passenger vehicles in the CY23, now the Indian auto industry has sold 40 lakh PVs for the first time in a financial year in FY2024, reported Mint.

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SUV Sale India Suzuki

India’s FY24 PV sales grow 8.5% to a record 4.23 million cars; SUVs now account for more than half of volumes | Autocar Professional

Baua Electric

APRIL 1, 2024

Driven by improved availability of semiconductors and pent-up demand as well as the expanding economy, India’s passenger vehicle industry grew at around 8.5 The craze for sports utility vehicles (SUVs) offset the impact of weakness in demand for small cars. SUVs now account for over 50 percent of the passenger vehicle industry volume.

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SUV Suzuki Sale Hyundai

EV Driven

Rural demand & SUVs propel India’s record-breaking car sales in FY24

India’s FY24 PV sales grow 8.5% to a record 4.23 million cars; SUVs now account for more than half of volumes | Autocar Professional

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