Covid years were tough on carmakers with sales plummeting to near zero levels
But easing of positive cases and of lockdown restrictions have given a jumpstart like never before
SIAM data for FY23 showed car sales went up by a record 26.7% vs FY22. Here are 5 prime reasons why
5. Easing of semiconductor shortage problem
4. Pent-up demand and positive sentiments during festive season
3. Introduction of new and updated car models
2. Purchase rush before new emission norms kicked in from April 1
1. Growing trend to drive home in an SUV