Domestic passenger vehicle (PV) sales grew by ~24.2% in FY23 owing to pent-up demand, better-than-expected festive demand, new product launches by major original equipment manufacturers, and strong demand for utility vehicles.
• What are the key vehicle segments? How is the competitive landscape?
• How are emerging developments like alternative fuel vehicles, used cars, in-car experience, and digitization impacting growth?
• What are the key economic indicators for India, primarily the impact of the COVID-19 (second wave) pandemic on the country’s economy?
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