As India gears up for its festive season, a surge in enthusiasm is evident among car enthusiasts eager to drive their dream vehicles. This period, rich in cultural celebrations, traditionally sees a spike in consumer sentiment, making it a pivotal time for the automotive industry.

Festive Season Fuels Indians' Dreams

The automotive industry is on the cusp of a transformative decade, according to a recent report by MarketsandMarkets. The study forecasts that the global automotive market, encompassing passenger vehicles, light commercial vehicles, and medium and heavy commercial vehicles, will expand from 88 million units in 2024 to a substantial 104 million units by 2030.

Global automotive industry set to reach 104 million units by 2030

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