In August 2024, Indian carmakers increased production while dispatches and sales declined, reflecting weakening demand in the world’s third-largest automotive market. Passenger vehicle production grew 0.7% year-on-year to nearly 3.77 lakh units, but dispatches to dealerships dropped by 1.78% to 3.53 lakh units, according to the Society of Indian Automobile Manufacturers. Retail sales, measured by … Continue reading SIAM August Data: Strong Growth in Two-Wheeler Sales, Car Sales See a Decline