The automobile industry in India has shown positive growth in April 2024. According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) sales increased by 1.3% year-on-year, reaching 3,35,629 units. This rise in PV dispatches, from companies to dealers, marks a slight improvement from the 3,31,278 units recorded in April 2023.
In addition to passenger vehicles, the two-wheeler segment experienced significant growth. Wholesales of two-wheelers surged by 31%, totaling 17,51,393 units compared to 13,38,588 units in the same month last year.
The three-wheeler market also saw an uptick, with a 14.5% increase in wholesales. In April 2024, the total number of three-wheelers dispatched was 49,116 units, up from 42,885 units in April 2023.
These figures indicate a steady recovery and growth across various segments of the Indian automobile industry, reflecting increased consumer demand and market stability.
Social Express 