SUV drives PV sales growth to 8.4% in FY24: SIAM
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.
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 MoU envisages an investment of around ₹9,000 crore over five years.
Passenger cars marked the highest February sales figures ever, driven by new product introductions and enhanced vehicle availability, says FADA
Reacting to the demerger plan, shares of Tata Motors gained as much as 4.5% to scale a new peak of ₹1,031.70 on the BSE.
However, long-term fundamentals remain positive, with expectations of a post-election rebound as underlying industries resume tender processes.
SUVs in particular saw strong demand, with extended waiting periods for key models.
Strong growth prospects should produce a sustained increase in car sales to 6 million by the end of the decade, says Moody's