Sales growth in FY2014 was mainly supported by positive sentiment.
Vinod Aggarwal said, “With expectations of a above-normal monsoon and continued emphasis on economic growth by the new government as it pursues its goal of a ‘developed India’ by 2047, the auto industry is also expected to remain stable in 2024-25. "Is optimistic about growth." , President, SIAM.
Meanwhile, total passenger vehicle sales in India rose 4.3 percent to 300,795 in May from a year earlier, an increase of 1.2 percent from the previous month.
Figures do not include BMW, Mercedes, JLR and Volvo.
Also, sales of Maruti Suzuki India's premium car Nexa crossed the 25 lakh units mark in the country.
Cumulative Nexa vehicle shipments at the end of March totaled 25.8 lakh units.
With bulk sales in April (42,727 units) and May, the Nexa figure increased to an estimated 26.7 lakh units.
Vinod Aggarwal said, “With expectations of a above-normal monsoon and continued emphasis on economic growth by the new government as it pursues its goal of a ‘developed India’ by 2047, the auto industry is also expected to remain stable in 2024-25. "Is optimistic about growth." , President, SIAM.
Meanwhile, total passenger vehicle sales in India rose 4.3 percent to 300,795 in May from a year earlier, an increase of 1.2 percent from the previous month.
Figures do not include BMW, Mercedes, JLR and Volvo.
Also, sales of Maruti Suzuki India's premium car Nexa crossed the 25 lakh units mark in the country.
Cumulative Nexa vehicle shipments at the end of March totaled 25.8 lakh units.
With bulk sales in April (42,727 units) and May, the Nexa figure increased to an estimated 26.7 lakh units.
