Car sales growth slowest in 4 years
Car sales growth in India slowed to approximately 5% in 2024, the slowest in four years, due to urban market pressures. The industry sold about 43 lakh units, with SUVs making up 54% of sales. High car prices and affordability issues impacted demand. Despite this, Maruti Suzuki achieved its highest-ever annual sales, aided by rural market penetration.
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Car sales growth in India slowed to approximately 5% in 2024, the slowest in four years, due to urban market pressures. The industry sold about 43 lakh units, with SUVs making up 54% of sales. High car prices and affordability issues impacted demand. Despite this, Maruti Suzuki achieved its highest-ever annual sales, aided by rural market penetration. 
