Car sales surge, SUVs drive growth

India’s passenger vehicle market kicked off the new fiscal year with a robust 27% sales surge in April, reaching approximately 4.5 lakh units. Strong performances from Maruti Suzuki, Tata Motors, and Mahindra & Mahindra, fueled by demand for utility vehicles and SUVs, propelled this growth. Despite rising input costs, the industry is experiencing a significant upswing.