From The Economic Times · ET Online · · 1m 10s
Indian Auto Sales Hit Record After Festive Surge
Indian carmakers report record October sales as festive demand boosts passenger vehicle dispatches to 5.25-5.3 lakh units.
In brief
Indian carmakers report record October sales as festive demand boosts passenger vehicle dispatches to 5.25-5.3 lakh units. Indian passenger vehicle sales reached 5.25-5.3 lakh units in October, marking 13-15% growth despite a high base, with Maruti Suzuki, Hyundai, and Mahindra posting record monthly sales. Originally…
October Sales Surge
India's carmakers reported record monthly sales in October with passenger vehicle dispatches crossing 5 lakh units for the first time.
Maruti Suzuki Records 2.76 Lakh Units
Maruti Suzuki achieved 2,76,120 vehicles sold, a 25% year-on-year increase, setting a new monthly sales record.
Hyundai and Mahindra Boost Sales
Hyundai Motor India sold 62,799 units, up 16.7% year-on-year, while Mahindra reported 13,1109 units sold, a 9% increase.
Festive Demand Shifts Sales
The shift in Diwali dates to November this year caused automakers to stock up dealerships ahead of peak festive deliveries in October.
Post-Festive Growth Test
Rising input costs and supply constraints could weigh on growth after the festive season ends, with analysts noting the real test lies ahead.
The headline
Indian passenger vehicle sales reached 5.25-5.3 lakh units in October, marking 13-15% growth despite a high base, with Maruti Suzuki, Hyundai, and Mahindra posting record monthly sales.
