Automakers expect to close the year with sales of 4.10-4.17 million cars, utility vehicles and vans - 8-10% more than 2022 compared to the earlier estimate of about 0-6% growth - despite the high base of last year when sales had grown by 23% to 3.79 million units, several senior executives told ET. Better-than-expected demand for sports utility vehicles (SUVs) at the more premium end of the market is driving the sales, they said.
