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Auto Inc to welcome festive season in high spirits, interest rate still bothers: SIAM

one year ago Auto economictimes
Passenger vehicles (PV) domestic sales at 9.95 lakh units in Q1 FY24 was the highest ever for the first quarter of any fiscal year. UVs accounted for about 55% of sales. The CAGR for PVs is at 2.66%, which is very low as per the industry average, but at the same time there is a new peak for the PV segment. Two-wheeler sales marked a YoY growth of 11% at 41.4 lakh units in the April-June 2023 period, still lower than the 2016-17 levels. The CAGR of two and three-wheelers and commercial vehicles, from the past six years is still negative. Read more at: economictimes

Tags : auto industry sales in festive season auto sales in q1 car sales in Q1 FY24 two wheeler sales in Q1 commercial vehicle sales in Q1 suv sales in Q1 FY24 SIAM data Q1 FY24

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