First-time car buyers are returning to India's market, increasing their sales share significantly. Lower taxes have revived demand for entry-level passenger vehicles, boosting overall industry growth. Maruti Suzuki and Tata Motors report higher first-time buyer contributions to their sales figures. Entry-level SUV sales also saw substantial year-on-year growth following tax adjustments. This trend indicates a broadening market base and renewed momentum towards mass motorisation.
from Auto-Industry-Economic Times https://ift.tt/gc0YfMS
Subscribe to:
Post Comments (Atom)
Mercedes plans bigger India play with greater localisation of parts
Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...
-
For viewers that stream YouTube using a mobile app, the video-sharing platform appears to be testing a new option. According to GSM Arena, a...
-
Mercedes-Benz India expects India to be its fastest growing market globally, maintaining the feat that it had achieved last year as well. Th...
-
PUBG Mobile developer has expressed concern and surprise over the recent ban and arrest of 10 college students in Rajkot, Gujarat, for playi...
No comments:
Post a Comment