Automobile sales are going back to normal in India

The automobile sector is slowly climbing in India. According to the latest reports, sales in India will get back to the pre-COVID level soon. This has been due to the rising popularity of SUVs. The sales of SUVs are on the rise.

Recently, the UV category has also seen various new entries in the segment. The various new launches from the companies are also making it possible for people to get their hands on their choice of car. The multiple options which are available for the models in the market are also a big plus for the people.

There is also an advantage of incentives from the government. On various electric vehicles, the government is giving incentives to the people.

The pressure of environmental health is playing a role in this high sale. Many people are now opting for changing their current vehicle to an electric one. The lucrative case of less expenditure on charging and electric service is also making it possible for various companies to attract more customers towards electric vehicles.

In terms of companies, Maruti Suzuki is still the king as it has been able to sell the maximum number of vehicles. This number one position for Maruti is due to the various launches like Brezza, XL6 and the new Grand Vitara. On the other hand, Mahindra has been able to sell close to 60000 units in the last year.

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Among all this, Tata is also putting a good effort into their new models. Tata Nexon has been able to do well in both forms. Nexon is being offered in electric as well as in the classic fossil fuel options. Now, when it comes to international companies, then they have also been able to perform well in India.

During the pandemic, luxury companies have been able to register unimaginable sales in India. This has been noted that people have been spending heavily since the pandemic. The higher sales are making luxury brands more eager to launch more models in the country. The Make-in-India incentives are also making it possible for people to get their favourite vehicle at a cheaper rate. The biggest example has been the S- Class from Mercedes that is now being assembled in India. 

The rapid expansion of electric vehicle infrastructure in the country along with the introduction of new models in the country is going to push the automobile sale in the country further. The damage to the environment due to the internal combustion engine vehicle is also forcing the government to force out the older vehicles faster and direct people to buy new and cleaner and greener vehicles. 

The improvement in the road condition in the country in various parts and the expansion of companies like Uber and Ola are also pushing up the sales of vehicles in the country. In the future as vehicles will become more affordable and as the second-hand car market will increase, car ownership will propel vehicle sales even further. All of these will also increase vehicle ownership in the country, which is quite low currently.