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AUTO

Car sales hit record-high in September

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September sales

India witnessed record-breaking passenger vehicle sales in September 2023, with 3,63,733 units sold, surpassing the previous month's record of 3,60,700 units.

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Festive demand surge

The surge is attributed to increased demand during festivities and better car availability due to stabilizing chip supplies.

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Automakers' wholesales peak

Major automakers like Maruti Suzuki, Hyundai, Toyota reported their highest-ever monthly wholesales, rising by 3%, 13%, 53% YoY respectively.

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Mahindra's SUV growth

Mahindra also had its best-ever wholesale of SUVs at 41,267 units last month, a 20% increase from September 2022's 34,262 units.

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Industry's best quarter

The passenger vehicle industry had its best-ever April-September quarter and is on track to hit the 40-lakh unit mark for both the financial year and calendar year.