semiconductors

India’s record car sales in 2023: Here’s a look under the hood

by
India’s record car sales in 2023: Here’s a look under the hood

India’s passenger vehicle market, valued at Rs 4.5 lakh crore, has been outpacing volume growth. It has just passed a milestone as annual volumes of cars, sedans and utility vehicles breached the four million mark for the first time in 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the local … Read more

Predictions for 2024: Small cars may lag in a good year for motown, says RC Bhargava, Maruti Suzuki

by
Predictions for 2024: Small cars may lag in a good year for motown, says RC Bhargava, Maruti Suzuki

The growth of the automobile industry, which in normal times closely tracks the growth of the GDP, was adversely affected in 2019-20 by the switch to BS6 standards, then by the Covid pandemic and finally by the shortages of semi-conductors. It was in 2022-23 that the industry could finally cross the volume of sales reached … Read more