Retail auto sales in India rose 10% in 2023-24; electric vehicles signal bright future aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
According to FADA President, Harish Raj Singhania, factors such as improved vehicle availability, a compelling model mix and the launch of new models played pivotal roles
Auto Sector Growth: “The two-wheeler (2W) and three-wheeler (3W) segments saw increases of 5% and 17% respectively, while passenger vehicles (PV), tractors (Trac) and commercial vehicles (CV) faced declines of 6%, 3%, and 6% respectively,” FADA President, Manish Raj Singhania, said.
Japanese and Korean carmakers like Maruti, Hyundai and Kia witnessed a decline in market share, while Indian companies like Tata and Mahindra witnessed a growth.