Indian car sales experienced a 12.5% growth in FY23-24, with total vehicle sales reaching 238.53 million units.
Indian car sales experienced a 12.5% growth in FY23-24, with total vehicle sales reaching 238.53 million units. Passenger vehicle sales grew by 8.4% to 42.19 million units, while two-wheeler sales increased by 13.3% to nearly 180 million units. Overall, vehicle sales across categories rose by 12.5% to 238.53 million units, with utility vehicles showing a 25.8% growth in FY24 at 25.21 million units. The industry is optimistic about future growth, with a positive macroeconomic outlook and a good monsoon forecast.
April 12, 2024
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