What Will India’s Automotive Industry Look Like In 2023?
The automotive industry in India was significantly impacted by the COVID-19 pandemic, with sales falling by over 30%. However, the recent trends in the automobile industry exhibit to be victorious. Thanks to the emergence of fast-paced technological advancements, changing vehicle buyer behavior’s and growing market competition. Due to the entry of many new players, the automobile sector is entering into a revolutionized age. Subsequently, the Indian automotive industry in 2023 is shifting towards ‘sustainable mobility. Moreover, the FY 2023-24 Union Budget announcements have opened up a plethora of opportunities. Further ensuring the transition is quick and far-reaching.
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