ICRA expects India’s domestic passenger vehicle industry to grow 1–4% in FY25 despite a 1.1% contraction in April–July, citing high inventory and a strong base. SUV demand remains a key driver, with utility vehicles forming 65–66% of sales. GST slab reforms, new model launches, and festive season demand may aid growth, while exports rose 9% in July.
from Auto-Industry-Economic Times https://ift.tt/9QCYHPj
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