2024-25 car industry growth expected to slow due to demand decrease, inventory buildup, and increased used car sales.

2024-25 may see muted growth in the car industry as demand shrinks and inventories build up at dealerships. Car buyers can expect attractive discounts and offers after a period of rising prices and long delivery delays. Industry experts project a slowdown in growth, partly due to the shift towards used cars over new car sales, particularly in the entry-level segment. The current fiscal year is expected to close with a record volume of 42.9 lakh units in the car market.

March 25, 2024
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