IANS | 12 Jun, 2024
With emphasis on economic development amid policy continuity by the new
government, the auto industry is optimistic of steady growth in 2024-25,”
according to the Society of Indian Automobile Manufacturers (SIAM).
The growth in sales in FY24 was mainly supported by positive sentiment.
"With expectations of above normal monsoon and continued emphasis
on economic development by the new government, as it pursues its goal of
‘Viksit Bharat’ by 2047, the auto industry is optimistic of steady growth in
2024-25 as well,” said Vinod Aggarwal, President, SIAM.
Meanwhile, total passenger vehicle sales in India climbed 4.3 per cent
from a year earlier to 300,795 in May, after a 1.2 per cent rise in the
previous month.
The figures exclude BMW, Mercedes, JLR and Volvo.
Also, Maruti Suzuki India’s premium car Nexa sales surpassed the 25
lakh-unit milestone in the country.
The cumulative Nexa vehicle dispatches totalled 25.8 lakh units at the
end of March.
Together with April (42,727 units) and May wholesales, the Nexa figures
increased to an estimated 26.7 lakh units.
--IANS
