PV sales to end FY25 flat with 3.82 mn units sold in wholesale till Feb

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PV sales to end FY25 flat with 3.82 mn units sold in wholesale till Feb - Business Standard

Quick Summary:

Bhatia added that a combination of factors—regulatory-driven price increases from safety and emission standards, inflationary pressures, fluctuating fuel costs, and increased taxation—has compressed disposable income at a time when vehicle affordability is declining.

Dealers noted that discounts this March are higher than last year, with automakers acknowledging that incentives are necessary to push volumes.“These incentives are not merely seasonal tactics but rather symptoms of deeper structural issues affecting the automobile sector.

Accordingly, even as the base for the industry continues to remain high, ICRA estimates the PV industry volumes to grow at a moderate pace of 4-7 per cent in FY26," the ratings agency said.