Auto Industry Booms as Ford, Hyundai, Kia, Subaru and Moneycontrol Report Positive Sales Figures

The automotive industry had a strong start to the year, with Ford, Hyundai, Kia, Subaru, and other carmakers reporting a jump in sales in February.

Ford reported a jump in sales last month as supply chain issues improved, while Hyundai and Kia reported a 16% increase in US sales on SUVs. Subaru also reported a strong month, with new model sales indicating that it could be a huge year for the carmaker.

The commercial vehicle (CV) segment also saw an uptick in sales, with February numbers showing steadiness. However, industry players remain cautious ahead of the transition to BS6 Phase 2.

Overall, auto numbers continue to surprise positively, as carmakers look to capitalize on the increased demand.