With the rising middle class, consumption will get a boost. The overall GDP growth forecast of over 7%, continued policy support for infrastructure investments and electrification, a strong business case to replace old vehicles with vehicles conforming to BS-VI emission standards and designed for revised axle loads and focus on logistics efficiency are likely to drive the auto sector in 2024, Vinod Aggarwal, MD & CEO, VECV, told ETAuto .
Two-wheeler sales in India rose 26% to 1 49 mln units in January 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.
Passenger vehicles and three-wheelers continued to achieve their highest sales ever for the period of April to January in FY 24. This growth was driven by positive consumer sentiments and strong sales in rural areas.