Over 20 lakh passenger vehicles were sold in the first half of the current fiscal.
The Indian auto industry registered its best-ever passenger vehicle sales last month. 3,63,733 cars and SUVs were sold in September, as automakers pushed dealer dispatches to build stocks ahead of the upcoming festivals.
Seven of the 16 car, SUV and MPV manufacturers in India registered combined sales of 3,28,669 units, which is an improvement of 7% over the previous year. 11 other carmakers registered sales of 34,301 units during the same month.
Toyota accounted for 22,168 units, registering the highest YoY growth of 44%, followed by MG Motor India with a 31% improvement in sales. Mahindra had the third-highest growth of 20%. Tata Motors was the only brand among the top 7 to record negative YoY growth during this period.
Passenger vehicle sales have surpassed the 3,25,000-unit mark for the ninth straight month this year, with SUVs and MPVs accounting for most of the total sales.
Over 20 lakh passenger vehicles were sold in the first half of the current fiscal. By the end of September 2023, the industry recorded 20,60,996 units of sales, a YoY growth of 6.41%.
Source: Autocar Pro
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