While some manufacturers faced slight declines, others achieved notable growth, reflecting shifting consumer preferences and market dynamics in March 2025
Sales of used cars are expected to grow from 4.6 million units in CY23 to 10.8 million by CY30. Meanwhile, new car sales are also climbing steadily, from 4.1 million units in CY23 to 6.3 million units in CY30.
The industrial sector faces a tempered outlook, with advance estimates projecting a reduced growth rate of 6.2 per cent for FY25, down from 9.5 per cent in FY24, due to base effects. However, signs of recovery are emerging.