June 24, 2024 3:01 PM

Indian passenger vehicle industry anticipated to grow moderately by 3-5% in FY25

The Indian passenger vehicle (PV) industry is poised for moderate growth in the fiscal year 2025, with sales volumes expected to expand by 3-5%, according to a recent report by CareEdge. This forecast follows a 7.4% increase in FY24, marking a noticeable slowdown from previous years. Several factors contribute to this deceleration, including the stabilization of pent-up demand post-Covid recovery, increased vehicle prices, and the ongoing impact of high interest rates. Throughout FY24, the PV s...