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MARUTI

Reputation: 642,681 • Nov 14, 2023 5:21 AM

Car companies expect record sales this year on bumper festive demand

Automakers expect to close the year with sales of 4.10-4.17 million cars, utility vehicles and vans - 8-10% more than 2022 compared to the earlier estimate of about 0-6% growth - despite the high base of last year when sales had grown by 23% to 3.79 million units, several senior executives told ET. Better-than-expected demand for sports utility vehicles (SUVs) at the more premium end of the market is driving the sales, they said.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Automakers expect to close the year with sales of 4.10-4.17 million cars, utility vehicles and vans, 8-10% more than 2022 estimates.
• Better-than-expected demand for SUVs at the more premium end of the market is driving the sales.
• The festive season has been positive, with industry sales expected to cross one million units for the first time.
https://economictimes.indiatimes.com/industry/auto/auto-n...
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