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Podcast: businessline's State of the Economy Podcast
Episode: Is the Indian auto industry ready for a shift towards electric vehicles?
Description: In this State of the Economy podcast, businessline’s S Ronendra Singh delves into the performance of the Indian automobile retail sales for May, with Manish Raj Singhania, President, FADA. The Indian auto retail sector achieved a modest 2.61 per cent year-on-year growth, with sales reaching 20,89,603 units compared to 20,36,528 units in May 2023 of the previous year. Despite the overall growth, the passenger vehicle segment saw a slight decline of around 1 per cent. On the other hand, the two-wheeler segment experienced a year-on-year growth of 2.5 per cent, selling 15,34,856 units compared to 14,97,778 units last May. Singhania starts by shari...