April Car Sales in India Climb 11%
Passenger vehicle sales in India rose 11% to and estimated 247,000 units in April, The Economic Times reports.
#economics
Passenger vehicle sales in India rose 11% to and estimated 247,000 units in April, The Economic Times reports.
Growth was led by Maruti Suzuki, whose sales last month jumped more than 16% to 117,000 units. The company’s volume was aided by a fourfold hike in deliveries of small SUVs.
Other big gainers included Hyundai (+10% to 42,400 units), Mahindra & Mahindra (+16% to 22,700) and Renault (+300% to 12,400). ET notes that carmakers remain concerned about the sudden shift in consumer preferences from diesel to gasoline vehicles. Manufacturers tell the Mumbai-based newspaper they are struggling to rebalance their product mix to suit demand.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.