In October 2023, passenger vehicle sales in India reached a historic peak at 391,472 units, marking a 16% increase from the previous year. The surge was driven by heightened demand during the Navaratri and Dussehra festivals. Maruti Suzuki reported its highest-ever monthly sales, benefiting from improved semiconductor availability. Expecting strong November sales around Dhanteras and Diwali, the industry is optimistic. Maruti Suzuki achieved a remarkable 19.74% growth in domestic PV sales. Hyundai, Tata Motors, and Mahindra & Mahindra also reported substantial sales growth. Furthermore, two-wheeler sales saw a robust recovery, with top manufacturers anticipating continued demand during the festive season.
Indian Passenger Vehicle Sales Surge to Record High in October
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