Automotive sales crossed the 1 million unit milestone this festive season. 1.03 million cars and SUVs were sold in India during the 90-day festive period that began with Onam in Kerala and culminated with Bhai Dooj.<\/p>\n
According to media reports, over 7 lakh vehicles were sold between August 17, 2023 and the end of Navratri, registering a growth of 18%. An additional 3.25 lakh to 3.3 lakh vehicles were sold between Dussehra and the end of the festive season. With over a million cars delivered, the industry registered a 20-25% growth in sales compared to the last festive season.<\/p>\n
The auto industry is said to have generated a turnover of over Rs 1.1 lakh crore thanks to the festive rush. Moreover, the surge in sales is also expected to boost the government\u2019s GST collection.\u00a0<\/p>\n
India\u2019s premier automaker, Maruti Suzuki, witnessed higher growth in rural markets. Rural sales grew by 11%, contributing 44% to the total sales.\u00a0<\/p>\n