Implementation of multiple proposed regulatory specifications can push up vehicle prices by 10- 12%: ICRA
The development comes at a time when the Indian automotive industry is undergoing rapid transformations.
Ajit Dalvi
05 Sep 2023
In a show of resilience, the Indian automobile industry has seen good growth in August 2023. While two-wheelers saw a 6% uptick, three-wheelers notched 66% with every second unit being an EV; PV sales are up 6.5% YoY and CVs by 3%; tractor ...
Read moreThe development comes at a time when the Indian automotive industry is undergoing rapid transformations.
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The company witnessed moderate growth of 2% to 5,532 units in August 2023 in the LCV segment.
The sales of vehicles under the category of LCV < 2T remained flat at 3,896 units in August 2023.
HCV registered 14.4% growth, with 9,000 units sold during August 2023.
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