.jpg?resize=218%2C150&ssl=1 "SWAIA Native Trend Week: 5 Artists to Know")
New Delhi: The Society of Indian Vehicle Producers (SIAM) launched knowledge at the moment revealing a surge in home automobile gross sales for the monetary yr 2023-24. In keeping with the most recent figures, whole automobile gross sales soared by 12.5%, reaching a staggering 23.8 million models, in comparison with 21.2 million models within the earlier fiscal yr.
Passenger automobile gross sales significantly witnessed a outstanding uptick, with wholesales surging by 8.4% to 42,18,746 models, marking a considerable improve from the 38,90,114 models recorded in FY23.
The strong development pattern prolonged to two-wheelers as effectively, with gross sales climbing by 13.3% to 1,79,74,365 models in FY24, up from 1,58,62,771 models within the previous monetary yr.
A more in-depth take a look at the info reveals that February proved to be a very fruitful month for passenger automotive gross sales, which witnessed an 11% year-on-year improve. This surge was largely attributed to a heightened demand for SUVs out there.
Total, 3,70,786 passenger autos had been dispatched to sellers in February, marking a notable uptick from the three,34,790 models recorded throughout the identical interval final yr.
