SUVs to continue steering PV sales to record high in FY25, but overall demand scenario a concern
The demand for cars in India is expected to decline in the upcoming financial year, while SUVs are likely to boost passenger vehicle (PV) sales to a record high of 5-7% in FY25, according to CRISIL Ratings. The SUV segment traditionally offers higher margins, and analysts anticipate improved operating margins for auto companies in FY25.
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