Passenger vehicle sales to grow 3-5% in FY25: SIAM
EVs face a greater challenge when the industry is under pressure, says SIAM president Shailesh Chandra.
EVs face a greater challenge when the industry is under pressure, says SIAM president Shailesh Chandra.
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
Sales of three-wheelers increased by 5.1% to 59,073 units in July 2024, up from 56,204 units in July 2023
Due to the extreme heat which broke records, the number of walk-ins to showrooms dropped by around 18%.
In FY24, the sales of utility vehicles witnessed a growth of 25.8% year-on-year to 25,20,691 units as against 20,03,718 units in FY23.
Passenger vehicle volumes could grow 5%-8% in FY25, as the pent-up demand normalises, says rating agency
Two-wheeler EV sales surged due to the expiration of the FAME 2 subsidy on March 31.
India's largest carmaker Maruti Suzuki clocks highest-ever sales in FY24
The domestic wholesales of two-wheeler manufacturers including electric vehicles grew by 26.2% YoY to 14,95,183 units against 11,84,376 units in the same period last year.
The passenger vehicles witnessed a marginal dip in exports in the December quarter to 1,69,463 units as against 1,70,458 units in the same period last year.