India's auto market sales growth slowed down due to economic impact

From January to March 2024, India's passenger car and commercial vehicle sales were 393,000 and 89,200, up 13.3% and 0.11% year-on-year, respectively. In February, sales were 330,000 and 88,000, up 12.36% and 4.78% year-on-year, respectively. In March, sales fell by 6.17% and 5.87%, respectively. The economic downturn and the decline in consumer confidence have affected the auto market.