January 2025

Domestic passenger vehicle sales rises to a record new

India's domestic passenger vehicle sales reached a record 4.27 million units in 2024, led by a 17% rise in utility vehicles.

Commercial vehicles sales declines

However, commercial vehicles declined 2.7% to 9,50,000 units, due to Railways freight increase.

Positive consumer sentiments

The auto industry saw strong growth across segments, driven by positive consumer sentiments and macro economic stability.

Ease of auto loan

But, the actual reason for the growth is due to increase in earning and ease of auto loan. DGP