Carmakers record highest ever yearly sales of 4.27 mn units in 2024

Carmakers record highest ever yearly sales of 4.27 mn units in 2024

Car sales in the local market rose by 4.2% to 4.27 mn units last year, the highest ever, driven by demand for sports utility vehicles.While utility vehicle sales (which includes SUVs and MPVs) grew by almost 17% to 2.75 mn units in the year under consideration, passenger cars sales (hatchbacks and sedans) dipped by 14.4% … Read more

Car sales up 4% in November, driven by SUV demand and strong market momentum

Car sales up 4% in November, driven by SUV demand and strong market momentum

Sales of cars in the local market increased by about 4% last month, amid stable demand in the market even after the close of the festive season. Industry estimates about 350,000 cars, sedans and utility vehicles were dispatches from factories to dealerships last month, which is an increase of 4% over 336,000 units sold in … Read more