Domestic PV sales marginally up amid high base, elections
Business Standard|May 02, 2024
Domestic passenger vehicle sales in April rose by only 1.76 per cent year-on-year (Y-oY) to 338,341 units, impacted by a high base effect, the ongoing general elections and low demand for small cars.
DEEPAK PATEL
Domestic PV sales marginally up amid high base, elections

"We have started on a very high base this year, considering the industry numbers. Other thing is that the country is going through the election process. So, there is a code of conduct. Till the month of June, things (sales) would be more or like this. After June, you may see a revival in the market," said Partho Banerjee, senior executive officer, Marketing & Sales, Maruti Suzuki India Limited (MSIL) at a press conference.

The general elections are being conducted in seven phases, with counting scheduled for June 4. In April 2024, MSIL's domestic PV sales saw a modest year-on-year increase of just 0.5 per cent, totalling 137,952 units.

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