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India’s Light Vehicle Market
December 20 , 2023
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- India has been the fastest growing among the world's 10 largest automobile markets this calendar year.
- India is the world’s third largest light vehicle (less than 6 tonnes) market, behind China and the United States.
- Auto sales in India are estimated to advance 36 per cent from 2019 levels to 4.8 million units in 2023.
- Auto sales in India reached a record high of 3.8 million units in the Financial Year 2022-23.
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