Automobile manufacturers anticipate accelerated expansion following recent taxation changes that decrease vehicle costs between three and nine percent. HSBC Global Investment Research projects compound annual growth rates will climb four to fourteen percent through fiscal year 2028. Enhanced affordability attracts new buyers while encouraging existing customers to replace older vehicles.
Passenger car prices drop between Rs 40,000 and Rs 1.5 lakh with compact utility vehicles benefiting most from reductions. Two-wheeler sales gain momentum from lower costs, festive purchasing patterns, and strengthening rural markets. Entry-level motorcycle prices fall from Rs 70,000 to Rs 63,000, making transportation accessible to first-time...