India, May 2 -- Carmakers began the new fiscal on a strong note, with an estimated 4.5 lakh units of passenger vehicles sold in April in the domestic market, up 27 per cent, on the back of record sales by firms, including Maruti Suzuki, Hyundai and Kia.
The industry continued to benefit from the tailwinds of GST 2.0 carried forward from the second half of last fiscal, along with repo rate cut and income tax benefit, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee said.
Passenger vehicle (PV) sales in the domestic market were 3.54 lakh units in April last year. Maruti Suzuki India posted a record domestic sales of 1,91,122 units in April compared to 1,42,053 units in the year-ago month. Its previous highe...
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