India's Automotive Sector Sees 23% Growth, Boosted by 'Make in India' Initiative
India's automotive sector has experienced a significant 23% year-on-year growth in the passenger vehicle market for May 2026, with nearly 4.4 lakh units sold. This growth is attributed to strong domestic demand and the 'Make in India' manufacturing initiative. Union Minister of Commerce & Industry, Piyush Goyal, highlighted the performance as a reflection of growing consumer confidence and industrial aspirations. Major companies like Maruti Suzuki, Hyundai Motor India, and Mahindra & Mahindra reported robust sales figures, driven by sustained domestic demand and solid performance across passenger and commercial vehicle segments.