The Indian automobile industry’s value surged by 19% to ₹10.22 lakh crore in FY 2023-24, driven mainly by the SUV segment’s impressive 39% overall value boost. This growth was fueled by a 23% volume increase, a 16% rise in prices, and factors like rising input costs, a shift towards premium SUVs, and the emerging EV … Continue reading Rise in Automobile Industry by 19% with SUVs being most-preferred!