First-time buyers drive entry-level car sales
Indian car market sees resurgence as first-time buyers surge, accounting for a record 54% of sales in the April-August period, up from 42% a year earlier. Lower taxes, through revised GST rates, have reignited demand for affordable entry-level vehicles. Maruti Suzuki, Tata Motors, and Mahindra & Mahindra have all reported significant increases in sales of their entry-level models, with Maruti Suzuki witnessing a 36% growth in the first five months of the fiscal year.
The shift towards mass motorisation and the popularity of SUVs, such as the Hyundai Creta and Kia Carens, continue to drive overall sales to record levels.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
