The overall manufacturing of Passenger Autos , Three Wheelers, Two Wheelers, and Quadricycle in February 2024 was 22,94,411 models, Society of Indian Car Producers (SIAM) stated.
Home gross sales of passenger autos in February 2024 have been at 3,70,786 models, three-wheelers at 54,584 models and two-wheelers at 15,20,761 models, SIAM stated in a media launch.
BMW, Mercedes-Benz, JLR and Volvo Auto knowledge aren’t accessible. Solely Tata Motors home gross sales figures are included on this doc, the discharge stated.
Vinod Aggarwal, President, SIAM , stated, “Passenger Autos, Two-Wheelers, and Three-Wheelers have posted progress in February 2024 in comparison with the earlier 12 months, whereas Business Autos have witnessed a slight de-growth. Total sturdy GDP progress of the nation in Q3 of 2023-24 has helped the Auto Sector. The Bharat Mobility International Expo 2024 held in February 2024, graced by the Prime Minister, has additionally created a powerful optimistic sentiment for the shoppers and due to this fact the Business expects the expansion momentum to proceed.”
Rajesh Menon, Director Common, SIAM, stated, “Passenger Autos once more reported its highest ever gross sales of February posting gross sales of three.7 Lakh models with a progress of 10.8%, in comparison with February 2023. Three-Wheelers additionally reported reasonable progress of 8.3% posting gross sales of about 0.55 Lakh models in February 2024. Two Wheelers posted an considerable progress of 34.6% in comparison with February 2023 posting gross sales of 15.2 Lakh models.”
