India's passenger vehicle market is projected to surpass 4.5 million units in 2025, driven by sustained demand and a trend towards premiumisation. Luxury cars are expected to average ₹1 crore, while mass-market car prices will rise to ₹13 lakh. Carmakers have increased prices by 2-4% to counter rising costs.
from Auto-Industry-Economic Times https://ift.tt/kOQZDu4
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