Car sales growth in India at 4-year low amid pressure on urban markets

Car sales growth slowed to 5% in 2024, the slowest in four years. SUV popularity drove sales, but urban markets saw challenges. Rising car prices and lackluster demand forced price cuts. Maruti Suzuki and Tata Motors posted record sales, while Hyundai saw near-flat growth. Automakers seek government incentives and tax cuts to boost future sales.