![Passenger vehicle sales drop 1% in May](https://images.assettype.com/fortuneindia%2F2022-02%2Fe8ae38a6-5d58-4580-8687-4d2d9e399298%2FCar_Sales.jpg?rect=0,136,2700,1350&w=300&q=95)
Passenger vehicle sales drop 1% in May
Due to the extreme heat which broke records, the number of walk-ins to showrooms dropped by around 18%.
Due to the extreme heat which broke records, the number of walk-ins to showrooms dropped by around 18%.
Maruti Suzuki clocked wholesales of 1.37 lakh units, cornering a market share of 40.8%.
Passenger vehicle volumes could grow 5%-8% in FY25, as the pent-up demand normalises, says rating agency
Two-wheeler EV sales surged due to the expiration of the FAME 2 subsidy on March 31.
India's largest carmaker Maruti Suzuki clocks highest-ever sales in FY24
SUVs in particular saw strong demand, with extended waiting periods for key models.
Strong growth prospects should produce a sustained increase in car sales to 6 million by the end of the decade, says Moody's
The domestic three-wheeler sales during the month under review stood at 59,738 units, up 30.8% as against 45,664 units in the same period last year.
Passenger vehicles and two-wheelers set new all-time highs.
The auto market showed consistent demand for luxury cars and SUVs, signifying a robust consumer appetite for premium segments, says FADA.