October car retail to hit new peak of 3.85 lakh units, festive fervour saw sales of 8 cars per minute this month

On an average eight Indians drove home their dream car every minute this October, which galvanised the Indian car market to scale a new peak and record its highest ever retail sales in a month. 3.85 lakh cars were sold in October 2022, a 28 percent increase over the 3 lakh vehicles retailed in October 2021 and 40 percent higher than the previous month.

With the peak festivities of Navratri and Diwali both falling in the month of October,  the Indian passenger vehicle industry bettered its previous peak of 3.82 lakh retails in December 2018, this was significantly helped by improved supplies of ...