Despite the fact that inflation has been rising upward throughout the year, automakers are increasing their focus on creating SUVs due to consumer demand. In the meanwhile, difficulties were still present in the sales of entry-level automobiles.
In the financial year 2022–2023, India's passenger car sales reached a record high as chip shortages subsided and consumers spent more money on sport-utility cars (SUVs), an automobile industry group reported on Thursday.
The Federation of Automobile Dealers Associations (FADA), which releases data on retail sales, stated earlier this month that growth is anticipated to taper to a low single-digit percentage in this financial year, mostly because of inflation, price increases by automakers, and regulatory changes.
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