India’s domestic automobile industry is expected to register moderate growth in sales in the financial year 2023-24. However, rural demand still remains a matter of concern amid concerns over uneven distribution of monsoon. Rating agency ICRA said this on Tuesday.
ICRA said in a statement that the auto industry has been on a comeback path in the last two years due to improvement in economic activities and increased movement of people. However, the pace of recovery across various automotive segments has been somewhat mixed.
