In May 2024, Indian passenger vehicle (PV) sales saw a 4% growth, influenced by election uncertainties and heat waves. Maruti Suzuki (MSI) reported marginal domestic sales increase, while Hyundai and Kia saw modest growth. Tata Motors’ sales rose by 2%, while Mahindra & Mahindra and Toyota Kirloskar Motor (TKM) experienced robust growth rates. Industry experts anticipate a sales boost post-elections with a stable government. Meanwhile, Meril Life Sciences celebrated success in interventional cardiology with positive outcomes from the LANDMARK trial, showcasing India’s prowess on the global stage.
Indian Passenger Vehicle Sales Grow Modestly Amidst Election Impact and Weather Challenges
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