India Auto tracker
Quarterly series talking about the recent trends and happening in the automotive sector.
Fueled by a strong domestic demand, macroeconomic growth and supply chain rebalancing, the Indian automotive industry returned to growth in first nine months of FY 2023. Post a contraction in FY 20 & FY 21 and a somewhat muted growth, the production and sales in the industry witnessed a sharp upward trajectory.
According to the latest figures from the industry organization, Society of Indian Automobile Manufacturers (SIAM), overall domestic sales in Q3 of FY 2023 grew by 10.5% to 51.6 lakhs units, up from 46.7 lakhs units in the same quarter last year.
