Passenger vehicle sales hit record in FY25 despite demand slowdown

Domestic passenger vehicle wholesales saw minimal growth in FY25, with deferred purchases due to economic uncertainties and inflation. Sport-utility vehicles hit record sales, while electric vehicles had modest growth. Major carmakers experienced varied sales, with Maruti Suzuki and Hyundai seeing slight declines, while Mahindra & Mahindra and Kia India reported increases.

from Auto-Industry-Economic Times https://ift.tt/sE6ihqy