India Auto Inc drives towards strong FY2023, Q1 wholesales soar 55 percent
All vehicle segments across categories are in the black, with SUVs powering the passenger vehicle segment and M&HCVs finally seeing strong demand come their way.
14 Jul 2022
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There is a growing feel-good mood and optimism among automakers in India. June 2022 wholesales for India Auto Inc at 1,611,300 units are a strong 24% year-on-year increase (June 2021: 1,301,602) with all vehicle segments in the black. The first quarter (April-June 2022) FY2023 numbers better that growth.
With overall wholesales of 4,935,870 units, India Auto Inc registered a strong 54.72 percent year-on-year (YoY) uptick in the April-June period, over Q1 FY2022's cumulative 3,190,202 units.
The strong demand revival iin Q1 augurs well for a robust FY2023. All vehicle segments hAve registered marked YoY growth with SUVs particularly holding ...
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