Automobile Sales: India’s Vehicle Manufacturing Industry Saw a Whopping Surge in Car Sales in September

06 Oct, 2023 Author: Ayushee Joshi

Car Sales in September: The Indian Automobile Industry recently revealed its sales data for the previous month. Organisations have benefited from festive demand, and sales have increased; the influence of these data may also be seen in the stocks of the companies. In September, the Indian automobile sector set a new record in terms of car sales. In September, 363,733 vehicles and SUVs were sold, and sales are projected to rise further as the festive season approaches.

Increase in Vehicle Production

The significant rise in sales necessitated higher dealer shipments from factories in order to maintain stock ahead of the upcoming big festivals like Dussehra and Diwali. The demand for sport-utility vehicles (SUVs), has remained high. However, there has been some downward pressure on sales of newly-launched vehicles. However, industry experts believe that demand will remain robust and sales will increase across all sectors this festive season. With an increase in semiconductor availability, automakers have been able to expand production and stock for delivery during Dussehra and Diwali.