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Robust rural growth, strong demand for SUVs drive car sales in FY24 | Auto

Robust rural growth, strong demand for SUVs drive car sales in FY24 | Auto

[ad_1] Indian carmakers reached a new high in 2023-24 (FY24) with sales of 4.23 million domestic passenger vehicles (PVs), marking an 8.74 per cent year-on-year (Y-o-Y) increase. This was driven by strong demand for sports utility vehicles (SUVs), robust rural sales, and high gross domestic product (GDP) growth. Shashank Srivastava, executive committee member … Read more

New EV policy to help launch many premium-quality SUVs: VinFast Auto | Auto

Business Standard

[ad_1] Vietnam’s electric car maker VinFast Auto on Monday said India’s new electric vehicle policy that provides import duty concessions for companies setting up manufacturing units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly premium-quality SUVs at inclusive prices. The … Read more