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Indians’ love for larger, feature-rich vehicles, coupled with a concerted push to deepen local content, is turning into a boon for auto parts makers with domestic component sales rising 6.5%, on a high base, to a whopping $36.1 billion in the first half of this financial year. The shift in consumer preference is driving up […]
Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead. India’s passenger vehicle sales surged past 4 million units for the first-time ever in calendar year 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the last calendar year, an […]