BREAKING ⚡️ India wins in the UN Statistical Commission election, securing 46 out of 53 votes

Passenger vehicle sales in India were the highest ever recorded in fiscal year 2022. Maruti Suzuki, along with Hyundai, Tata, Mahindra, Kia, and Toyota, accounted for 90% of PV sales in fiscal year 2022.

Total sales in the January to December 2022 period surpassed prior records of 3.34 million units set in 2018, by a strong 45,000 units, to 3.88 million units in CY 2022.

Maruti Suzuki lead the market in fiscal year 2023 with 16.06 lakh vehicles, a 21% year-on-year increase. Toyota had its best year in sales in a decade, selling 13.38 lakh cars, a 41% increase year on year. Kia experienced a similar 44% increase, but with total sales of 2.69 lakh units. Tata Motors increased their sales by 45% to approximately 5.39 lakh vehicles. Mahindra increased their sales by 65% in fiscal year 2022 to 3,35,088 units, up from 2,03,390 in fiscal year 2021.

Except for Renault India and Nissan India, every automaker on this list has shown YoY sales growth. In fiscal year 2022, 37,80,870 units were sold. (Jan-Dec). This represented a 24% increase over the 30,46,475 units sold in CY 2021, with a volume increase of 7,34,395 units.

The SUV class was India's fastest-growing segment in FY23, with a 35.9% year-on-year increase.

Despite slower growth than the SUV market, the hatchback class increased by 20%, with cumulative sales of 13.4 lakh units in FY23, up from 11.60 lakh units in FY22.

Most major manufacturers have increased output to assure timely delivery of pending orders. As of now, it is projected that there are about 5.50 lakh waiting orders.

Rising demand, as well as the introduction of various new and technologically advanced models, could result in even higher sales figures in the coming years.

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Watch: EAM Jaishankar meets his South Korean counterpart Park Jin who is on a two-day visit to India to mark 50 years of diplomatic ties. Highlights the Buddhism connect between India and South Korea in his opening statement during the bilateral talks.

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1. Pareto Principle (80/20 Rule):

Simplified: the larger chunk of your results come from a small portion of what you're doing

2. Parkinson's Law:

Work expands to fill the time available to complete it.
• If you have an hour, it takes an hour
• If you have a week, it takes a week

3. Grice's Razor:

Address what the person you're speaking means, instead of the literal meaning of what they actually say

4. Hofstadter's Law:

It always takes longer than you expect...
even when you take into account Hofstadter's Law

5. Hanlon's Razor:

Never attribute to malice that which can be explained by incompetence

6. The 5Ys Framework:

Ask "why" five times to discover the real reason for a problem

7. Sturgeon’s Law:

90% of the work produced in any given field is low quality.

8. Brandolini’s Law:

The amount of energy needed to refute bullshit is an order of magnitude larger than to produce it.

9. Solomon's Paradox:

We're better at solving other people's problems than our own.

10. Occam's Razor:

Simplest explanation is usually best; avoid extra complications.

India jumps 6 places to Rank 38 in World Bank’s Logistics Performance Index 2023.

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Infographic: 2022's High Growth Economies

This chart shows the countries with the highest projected GDP growth in 2022 (as of October 2022) and change to April forecast.

Source: Statista

71% Israelis trust India- Israelis hold India in higher esteem than any other country (even more than americans), a Pew Research Center survey has found.

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