Despite the challenging market conditions, the passenger vehicle industry in India has managed to show marginal growth in April. According to recent data, the industry sold 3.38 lakh units in April 2023, which is a slight increase compared to the 3.32 lakh units sold in the same month last year. This growth comes despite the high base year and can be seen as a positive sign for the industry. Experts believe that factors such as pent-up demand, new product launches, and easing of lockdown restrictions have contributed to the growth. However, the industry still faces challenges such as supply chain disruptions, high input costs, and semiconductor shortages, which may impact sales in the coming months. It will be interesting to observe how the industry navigates these challenges and sustains the growth momentum in the future.