Passenger vehicle sales in India likely to reach 5 million units in FY23

NEW DELHI: A recent ASSOCHAM-Roland Berger joint study has stated that the passenger vehicle market in India is likely to reach a sales figure of about five million units in FY 2023, clocking a compounded annual growth rate (CAGR) 7.7 per cent, from 3.3 million units in FY18. "Stronger preference

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