Top gear: Automobile industry registers record sales
KOCHI: The Indian automobile market roared to new heights in 2023, showcasing a robust growth trend. Recent figures reveal a groundbreaking milestone, with the annual passenger car market soaring past the 40 lakh mark for the first time — a remarkable 8% surge compared to the previous year.
Behind these impressive numbers are automotive giants achieving monumental feats. Maruti Suzuki, a stalwart in the industry, accounted for nearly 40% of the sales, while Hyundai Motor India set a personal record with domestic sales surpassing 6,00,000 cars.
