While the Economic Survey FY24 paints a dismal production picture, the local assemblers must be jubilant since sales of cars, light commercial vehicles (LCVs), jeeps, and pickups in May 2024 touched a 17-month high at 10,949 units, showing a jump of 100 per cent year-on-year and 4pc month-on-month. A drop in prices in some variants helped assemblers witness a recovery in sales despite expensive