- Positive Sentiments : Stable fuel prices, a positive monsoon outlook and a surge in weddings have boosted the market segment.
- Exciting New Models : The launch of new models in the Two-Wheeler and Passenger Vehicle segments has kept the market buzzing, and consumers are eager to get their hands on the latest rides.
- Institutional Purchase : There has been a noticeable uptick in demand for school buses and other corporate and bulk purchases, which has significantly boosted the sector.
- Electric Vehicle Projection : India’s EV market is expected to expand with the segment’s volumes set to surpass annual sales of 16 Mn units by 2030.
Distribution of Dealerships in India
Given the expected rise of middle class and their spending capacity, the concentration of dealerships will increase in tier 2 and tier 3 cities. These dealerships are also set to digitize themselves, thus creating a need for digitally proficient sales & service personnel.
All in all, it's a great time to be part of the Indian auto retail sector, with plenty of growth and opportunities on the horizon.
Vehicle Sales Insights: Analyzing Different Segments
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Passenger Vehicles3,35,123 -
Commercial Vehicles90,707 -
Two Wheelers16,43,510 -
Three Wheelers80,105
