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The Economic Times

Economy / The Economic Times

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Domestic car sales surge in June on tax cuts, lower interest rates & strong demand

Indian car sales surged over 24% in June, marking a strong third consecutive month of double-digit growth. This boom, fueled by tax cuts and lower interest rates, saw major players like Maruti Suzuki and Tata Motors report significant increases. Despite minor setbacks for Hyundai, the overall automotive sector is experiencing robust demand, with electric vehicle adoption also showing promising trends.

1 Jul 2026 10:25 pm