India produces 27 mln vehicles in FY 2022-23: report

STORY: India produces 27 mln vehicles in FY 2022-23: report DATELINE: June 30, 2023 LENGTH: 00:01:38 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of two-wheeler showroom 3. various of car showroom 4. various of electric vehicles (EVs) 5. various of traffic STORYLINE: The Indian automotive industry produced nearly 27 million vehicles across different segments and types, worth around 108 billion U.S. dollars in the fiscal year 2022-23 (April 2022-March 2023), a report said on Wednesday. Passenger vehicles (PVs) accounted for over 57 percent of the value, while two-wheelers made up almost 75 percent of the volume, according to a report released by a management consulting firm Primus Partners. There were also 1 million commercial vehicles (CVs). The automotive industry employed nearly 19 million people, it said. The report highlighted the dominance of mid-size and full-size SUVs in the PV segment and noted significant investments in electric vehicles (EVs), su