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The Economic Times

Economy / The Economic Times

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India passenger vehicle sales rise 27.3% in May to 438,854 units: SIAM

In an exhilarating turn of events, the Indian automobile market experienced an extraordinary spike in sales last month, setting new records for May 2026 across passenger vehicles, two-wheelers, and three-wheelers. This remarkable increase was primarily influenced by the previous years weak performance, slashed GST rates, and favorable financing conditions.

15 Jun 2026 4:00 pm