Report by Engineering Post
The automobile sector witnessed a strong rebound, recording a growth of as much as 40.00 percent during July-March FY 3025, as per available data, in contrast to a sharp contraction of 37.4 percent in the same period during the last year.
this robust performance as such duly reflects improved macroeconomic fundamentals, including declining inflation, exchange rate stability, and a lower policy rate, which collectively had reduced borrowing costs and also restored consumer and investor confidence.
The introduction of as many as 31 new vehicle models, including 11 electric and hybrid variants e.g. Seres3 EV, Hyundai EV, MG PHEV, EGO Green EV had duly expanded consumer choice and revitalized market dynamics.
Additionally, the automobile industry also achieved around 90 percent localization in the motorcycle and tractor segments and generated approximately 8200 jobs during the period under report here.
However, tractor production declined due to agriculture sector-specific challenges and delays in government procurement.
