India’s passenger vehicle (PV) industry – a cornerstone of the country’s automotive sector – is experiencing sluggish growth in FY25, crawling at a mere 2% increase year-to-date. Thus, it struck quite a sombre note when industry body SIAM (Society of Indian Automobile Manufacturers) projected a similar 2% growth for FY26 – a forecast that comes as a surprise given the potential tailwinds, including a rural demand revival and increased disposable
Auto
Will passenger vehicle sales stall again despite tax cuts?
Synopsis
Industry leaders predict much lower-than-expected growth for India’s passenger vehicle industry; this comes despite some positive signals.
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