India’s Festival Cycle: Impact on Market Performance for the Remainder of the Year

In August 2023, the Indian automotive market demonstrated resilience, with total light vehicle (LV) wholesales exceeding 400,000 units, marking an increase of 3% month-on-month (MoM). However, this figure represented a 3% decline year-on-year (YoY), mainly attributed to a high base from the previous year. The sales of passenger vehicles (PVs) reached over 347,000 units, up...