Car Sales are supposed to establish another standard for the continuous schedule year (CY), crossing the prior gauges by around 250,000 units as client request serious areas of strength for stays the momentum happy season, ACC to reports. This is regardless of the new rate climbs in vehicle costs by producers.
Until October, the first ten months of the current calendar year, 3.47 million vehicles have been sold in the local market, which is 9 per cent more than the 3.19 million cars sold last year during the same period.
Car Makers Expecting Sales Of More than 4 Mn Cars
Carmakers are expecting sales of 4.10 to 4.17 million cars this calendar year, including utility vehicles and vans. This is 8-10 per cent more than the sales registered in CY 2022, despite last year’s high base. Last year, vehicles sales grew by 23 per cent, the ET report cited industry executives as saying. They said the rise in sales is due to better-than-expected demand for more premium sports utility vehicles (SUVs).
New launches driving sales
New items like Maruti Suzuki Front, Hyundai Exter, and refreshed Kia Seltos are among the principal drivers of deals. As things stand, the SUV fragment currently represents more than 48% of the all out vehicle deals. This offer was at 43% last year.
Festive season sales
As the report said between Dhanteras on Friday and Bhai Dooj on Tuesday, vehicles deliveries would be in the range of 55,000 to 57,000 vehicles, a growth of more than 21 per cent. Last year, the deliveries during this period stood at 45,000 units.
report said that Maruti Suzuki, the country’s largest vehicle manufacturer, expects car sales in the local market to be about 4.14 million units in the financial year 2023-24 (FY24).