After 3 years of bumper sales, car companies lower forecast

After a thriving post-Covid period, the Indian car industry faces a downturn as wholesales to dealerships drop by 2% in Q2 FY25. Despite hefty discounts, buyers remain cautious, and the festive period fails to boost volumes significantly. Industry growth is now predicted to remain below 5% for the year, reflecting a market slowdown.

Oct 15, 2024 - 01:00

After 3 years of bumper sales, car companies lower forecast

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After a thriving post-Covid period, the Indian car industry faces a downturn as wholesales to dealerships drop by 2% in Q2 FY25. Despite hefty discounts, buyers remain cautious, and the festive period fails to boost volumes significantly. Industry growth is now predicted to remain below 5% for the year, reflecting a market slowdown.