Car Sales Growth Slows To 5% In 2024, Marking Slowest Expansion In 4 Years
Trending News
6 days, 22 hours ago

Car Sales Growth Slows To 5% In 2024, Marking Slowest Expansion In 4 Years

ABP News  

Car sales growth slowed to approximately 5 per cent in 2024, marking the slowest expansion rate in four years and highlighting the challenges faced by companies in urban markets. Early estimates indicate that the industry concluded 2024 with sales of around 43 lakh units, up from 41.1 lakh units in 2023, with SUVs accounting for 54 per cent of the total sales. Hyundai India had a near-flat performance with a modest 1 per cent growth, selling just over six lakh units. "Hyundai has managed to sustain sales momentum in 2024, despite strong headwinds faced by the industry at large," noted Tarun Garg, Director and COO at Hyundai India.

India Sales 2024 Units Cent Lakh Hyundai Growth Slows  slowest  car  growth  slows  marking  cent  expansion  lakh  strong  hyundai  units  industry  sales  2024  suv

History of this topic

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January
3 days, 6 hours ago

Speeding ahead: Auto sector insights by Raja Venkatraman–6 January

Live Mint  

The Indian auto sector has showcased an outstanding performance in 2024. With a record-breaking 26.1 million units sold, marking a 9% year-on-year growth, the sector's resilience and robust demand across various segments have brought it into the limelight. While the sudden revival has piqued interest in the trading and investing community once again, the auto sector's relative strength and its …

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
5 days, 8 hours ago

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Despite high sales prices that averaged more than $47,000, automakers sold just over 16 million vehicles in the U.S. last year, Motorintelligence.com said Friday. Electric vehicle sales rose 8.8% for the …

At Maruti Suzuki, small cars are back in the driver’s seat
6 days, 20 hours ago

At Maruti Suzuki, small cars are back in the driver’s seat

Live Mint  

Maruti Suzuki India Ltd’s sales volume update for December sprung a positive surprise on small, entry-level cars, which saw 29% year-on-year growth to 62,324 vehicles. It’s important to note, however, that December was the first month in FY25 in which small cars posted year-on-year sales growth. Maruti’s management also alluded to the higher sales in rural areas during the festival …

Automakers see strong December sales growth, led by rural demand
6 days, 22 hours ago

Automakers see strong December sales growth, led by rural demand

Deccan Chronicle  

Passenger vehicle sales of top automakers such as Maruti Suzuki, Mahindra, and Toyota Kirloskar Motor registered strong double-digit growth last month, despite customers typically shying away from purchases as they wait for the new year. Maruti Suzuki saw a 24.18 percent year-on-year increase in sales, reaching 1.30 lakh units, as dispatches of hatchbacks and mini cars to dealers bounced back …

Auto stocks surge up to 7% on robust December sales; Eicher Motors leads the rally
Trending News
6 days, 22 hours ago

Auto stocks surge up to 7% on robust December sales; Eicher Motors leads the rally

Live Mint  

Stock market today: Indian auto stocks experienced strong demand in today's trading session, as investors responded positively to the December sales data, particularly strong numbers from the PV segment, prompting brokerages to maintain a positive outlook on the sector. In terms of PV sales, Maruti Suzuki led in 2024 as the country's leading car manufacturer sold 178,248 car units in …

Handsome performance by Hyundai in 2024, clocks highest-ever annual domestic sales again
1 week, 1 day ago

Handsome performance by Hyundai in 2024, clocks highest-ever annual domestic sales again

India Today  

Hyundai Motor India recorded yet another handsome performance in the domestic market, clocking its third consecutive highest-ever annual sales in 2024, driven by sport utility vehicle models. Creta registered its highest-ever annual domestic sales at 1,86,919 units in 2024. With exports of 1,58,686 units, Hyundai's overall sales stood at 7,64,119 units in 2024. At present, Hyundai's complete portfolio includes the …

Mint Quick Edit | Car sales seem stuck in second gear
Trending News
4 weeks, 2 days ago

Mint Quick Edit | Car sales seem stuck in second gear

Live Mint  

Close on the heels of a surprisingly weak gross domestic product growth reading, automobile sales data, seen as a an important indicator of economic activity in India, has spelt another round of disappointment. Retail sales of passenger vehicles in November fell 14% from a year earlier, according to data issued by the Federation of Automobile Dealers Associations on Monday. This …

Passenger vehicle sales slide in November as stock pile-up in showrooms persists
4 weeks, 2 days ago

Passenger vehicle sales slide in November as stock pile-up in showrooms persists

Live Mint  

New Delhi: Retail sales of passenger vehicles fell 13.72% year-on-year in November, reflecting subdued post-festive demand and lingering inventory challenges, according to data released by the Federation of Automobile Dealers Associations on Monday. Overall retail sales of vehicles across categories rose more than 11% to 32,08,719 units in November, from 28,85,317 units a year ago, lifted by a near 16% …

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs
1 month ago

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs

Live Mint  

Hyundai Motor India on December 5 said that it will hike prices of all its cars by up to ₹25,000 from January 2025, due to rising costs impacting profitability, according to a Reuters report. “At Hyundai Motor India, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. About Hyundai Motor India …

Maruti Suzuki, Tata Motors, and M&M post PV sales growth YoY in Nov; Hyundai records decline
1 month ago

Maruti Suzuki, Tata Motors, and M&M post PV sales growth YoY in Nov; Hyundai records decline

Deccan Chronicle  

India's passenger vehicle market witnessed varied performance across major automakers in November 2024.While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market.Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. However, the company's sales in October 2024 were higher at …

PV industry sees tepid growth in November; SUVs, rural demand push sales
1 month, 1 week ago

PV industry sees tepid growth in November; SUVs, rural demand push sales

Live Mint  

After a heady October, car makers had to contend with a headache in November as growth in car dispatches to dealerships petered to low single-digits for most manufacturers, with Hyundai’s figures even declining year-on-year. Overall industry sees slow growth Industry sales for November are estimated to be around 350,000 vehicles, a 3.8-4% y-o-y growth, Banerjee said. Tata Motors grows, Hyundai …

Hyundai India struggles to steer past margin woes
1 month, 2 weeks ago

Hyundai India struggles to steer past margin woes

Live Mint  

Hyundai Motor India Ltd’s lukewarm stock market debut in October was followed by an equally underwhelming maiden quarterly performance. Read this | Maruti Suzuki banks on SUVs, CNG models to beat demand blues Hyundai India’s management anticipates low single-digit growth in the domestic passenger vehicle industry in FY25, citing a high base for previous year and ongoing near-term macroeconomic challenges. …

Tata Motors expects PV retail sales to sustain momentum in Q3
1 month, 3 weeks ago

Tata Motors expects PV retail sales to sustain momentum in Q3

Live Mint  

New Delhi, Nov 17 Tata Motors is expecting passenger vehicle retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive. As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year to 4,83,159 units in October. Strong retail sales in October, has allowed the automaker to …

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand
1 month, 3 weeks ago

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand

Deccan Chronicle  

Pune: The total vehicle retail sales during the 42-day festive period this year jumped 12 per cent, reaching 42.88 lakh units as against 38.37 lakh units last year, the Federation of Automobile Dealers Associations or FADA said on Friday. "We witnessed a remarkable surge in numbers since the beginning of Navratri, nearly hitting our forecasted target with vehicles registered during …

Passenger vehicle, two-wheeler sales hit new high in October: Siam
1 month, 3 weeks ago

Passenger vehicle, two-wheeler sales hit new high in October: Siam

Deccan Chronicle  

Pune: Both passenger vehicles and two-wheelers wholesales hit a new high in October, driven by strong festive season demand, the Society of Indian Automobile Manufacturers SIAM data on Wednesday revealed. While passenger vehicle sales stood at 3,93,238 units, up 0.9 per cent from 3,89,714 units, the best ever in the month, SIAM said. Passenger Vehicles posted its highest ever sales …

Hyundai Motor India profit drops 16% in Q2 as domestic sales, exports fall
1 month, 3 weeks ago

Hyundai Motor India profit drops 16% in Q2 as domestic sales, exports fall

Live Mint  

New Delhi: Hyundai Motor India Ltd, the country’s second-largest automaker, posted a 16% decline in its second-quarter net profit following its public listing last month, hurt by weak domestic demand and the Red Sea crisis that subdued exports. Domestic sales In the September quarter, Hyundai Motor India saw domestic sales fall 5.7% to 1.49 lakh units, while exports slid 17% …

Creta, Venue, Exter drove SUV share to 69% in Hyundai's domestic volume in Q2
1 month, 4 weeks ago

Creta, Venue, Exter drove SUV share to 69% in Hyundai's domestic volume in Q2

India Today  

Driven by models like the popular Creta, Venue and Exter, the SUV segment accounted for nearly 69% of Hyundai Motor India's domestic volume in Q2 FY25. The Creta, as usual, was the largest-selling Hyundai SUV in Q2, followed by the Venue, Exter, Alcazar, Tucson and Ioniq 5. Ioniq 5 - 107 units Tucson - 352 units Alcazar - 4,402 units …

Despite festive season, large auto firms see muted growth; SUV, UVs log sharp sales growth in Oct.
2 months, 1 week ago

Despite festive season, large auto firms see muted growth; SUV, UVs log sharp sales growth in Oct.

The Hindu  

In line with sluggish automobile sales over the past several months, India’s top three passenger car makers namely Maruti Suzuki India, Hyundai Motor and Tata Motors, despite the tailwinds of a favourable festive season, were seen barely keeping their heads above the water while automakers with a strong SUV and UV line up like Mahindra & Mahindra and Toyota Kirloskar …

Hyundai focuses on mid-large SUV segment
3 months, 4 weeks ago

Hyundai focuses on mid-large SUV segment

New Indian Express  

NEW DELHI: After solidifying its presence in the compact and mid-size sports utility vehicle segment, Hyundai Motor India sees a bigger play in mid-large segment as it launched the new Alcazar at a starting price of Rs 14.99 lakh for the petrol variant and Rs 15.99 lakh for the diesel variant. The carmaker feels Alcazar’s aggressive price and best-in-class fuel …

‘India will double its luxury car sales by 2030’
4 months ago

‘India will double its luxury car sales by 2030’

The Hindu  

India will sell more than 1,00,000 luxury cars a year by 2030, up from 48,500 sold last year, said Balbir Singh Dhillon, Head, Audi India. ‘‘Luxury segment in the Southeast Asian market, even in reasonably developing countries, not obviously the size of India, account for 5-6% of the total car market and in some countries, including Taiwan, it goes up …

Kia India Reports Impressive Sales Figures, Retails 22,520 Plus Units in August 2024
4 months, 1 week ago

Kia India Reports Impressive Sales Figures, Retails 22,520 Plus Units in August 2024

News 18  

The top car maker Kia has been receiving an overwhelming response from Indian customers, all thanks to tech-loading models. Recently, the company has recorded impressive sales figures, where it has managed to record On-Year growth of 17.19 percent. It has contributed massively to the overall sales, retailing over 10,073 units, followed by the updated Seltos with 6,536 units, while MPV …

Auto dealers’ revenue to lag
4 months, 1 week ago

Auto dealers’ revenue to lag

The Hindu  

Automobile dealers’ revenue growth is expected to slow down to between 7-9% this fiscal. CV sales are seen flattish, again on an increased base created by the volume growth momentum of the past 2-3 fiscals, amid healthy demand from the infrastructure sector. Two-wheelers may provide some respite growing by 8-10% on a low base backed by recovery in rural and …

Sales of SUVs continue to soar; small cars fall
5 months, 3 weeks ago

Sales of SUVs continue to soar; small cars fall

Live Mint  

Growth in passenger vehicle sales moderated to 3% year-on-year at 1.03 million units in the first quarter of fiscal year 2024, with a steep 17.5% drop in sales of small cars sold during the quarter compared to the same period a year ago. SUVs constituted 63% of all passenger vehicle sales to 646,000 units in the June quarter, the highest …

Hyundai Motor breaks sales records in India as IPO looms
6 months ago

Hyundai Motor breaks sales records in India as IPO looms

India TV News  

Hyundai Motor, South Korea's top automaker, achieved record-breaking sales in India during the first half of 2024, according to industry data released on Sunday. According to data from the Federation of Automobile Dealers Associations of India, Hyundai sold 272,207 units in India from January to June this year, up 2 per cent compared to the 266,760 units sold in the …

Car Sales Up 3.6 Per Cent Led by SUVs in June
6 months, 1 week ago

Car Sales Up 3.6 Per Cent Led by SUVs in June

Deccan Chronicle  

Pune: Passenger vehicle wholesales, the barometer of the economy, grew 3.6 per cent to 3.40 lakh units in June, primarily driven by new launches and robust demand for SUVs amidst heatwave across the country last month. The new Hyundai Creta has been a key driver for domestic H1 sales with 91,348 units sold, a growth of 11 per cent over …

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024
6 months, 4 weeks ago

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024

India TV News  

India's Electric Vehicle sales have reportedly grown by 17,52,406 units in FY 2023-24, stating a growth of 40.31 per cent on a Year-on-Year basis. The electric car segment sales have reportedly shot up by 82 per cent on a YoY basis, which further registering sales of 99,085 units in FY 2024. Electric bus sales soared to 3,708 units in FY2024 …

Car sales grew by four per cent in May to 3.50 lakh units
7 months, 1 week ago

Car sales grew by four per cent in May to 3.50 lakh units

New Indian Express  

MUMBAI: Passenger vehicle sales during the month of May were in the slow lane as buyers’ sentiments were impacted by general elections and extreme heat waves. Maruti Suzuki reported that its domestic PV sales rose marginally to 1,44,002 units last month from 1,43,708 units in the year-ago period. Secondly, there were elections and the scorching temperatures also had an impact …

Surge in demand for 'young' used cars outpaces supply, drives prices north
7 months, 2 weeks ago

Surge in demand for 'young' used cars outpaces supply, drives prices north

Business Standard  

A surge in demand for "young" pre-owned vehicles is outpacing supply and driving up prices by 8-10 per cent annually, said auto industry insiders. This trend, coupled with a growing preference for SUVs in both new and used car segments, is expected to boost the organised used car market, which is expected to reach a 45 per cent share within …

India’s Auto Retail Clocks Robust 27% Growth in April
8 months ago

India’s Auto Retail Clocks Robust 27% Growth in April

Deccan Chronicle  

Pune: The automobile retail sales surged 27 per cent in April, the first month of this fiscal, to 2.2 million units compared to the year before, the Federation of Automobile Dealers Associations or FADA said on Wednesday. “The passenger vehicle category experienced double-digit year-on-year growth, supported by enhanced model availability and favourable market sentiments, particularly around festive events like Navratri …

Car Sales In April Rise Marginally To 3.38 Lakh Units
8 months, 1 week ago

Car Sales In April Rise Marginally To 3.38 Lakh Units

Deccan Chronicle  

After a record all-time high numbers in fiscal 2024, passenger vehicle wholesales during April grew marginally 1.76 per cent year-on-year at 3,38,341 units due to high base of last year and lukewarm retails during the electioneering season in the country. Tata Motors, the third-ranked passenger vehicle maker’s wholesales also grew 2 per cent at 47,983 units as against 47,107 units …

April Car Sales Up Marginally to 3.38 Lakh Units
8 months, 1 week ago

April Car Sales Up Marginally to 3.38 Lakh Units

Deccan Chronicle  

Pune: After a record all-time high numbers in fiscal 2024, passenger vehicle wholesales during April grew marginally 1.76 per cent year-on-year at 3.38 lakh units due to high base of last year and lukewarm retails during the electioneering season in the country. Maruti Suzuki reported flat wholesales in April at 1,37,952 lakh units as against 1,37,320 units sold in the …

Calls for policy to grow country's vehicle sales
8 months, 3 weeks ago

Calls for policy to grow country's vehicle sales

China Daily  

Members of the public visit an auto expo in Dongying, Shandong province, on April 11. China's top auto trade association is calling for favorable government policies to stimulate sales, saying domestic demand for new vehicles is one of the most important issues to be addressed this year. The CAAM's estimate earlier this year said that sales will grow by around …

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body
8 months, 3 weeks ago

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body

Hindustan Times  

Passenger vehicles wholesales in India have touched a record high of 42,18,746 units in the financial year 2023-24, registering a year-on-year growth of 8.4 per cent, industry body Society of Indian Automobile Manufacturers said. The vehicle sales across the categories surged by 12.5 per cent to 2,38,53,463 units in the period under review On the other hand, the overall passenger …

US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
9 months ago

US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. Automakers, most of which reported U.S. sales numbers Tuesday, sold nearly 3.8 million vehicles in the first quarter versus a year ago, for an annual rate of 15.4 million in sales. Sales of electric vehicles grew …

Carmakers post higher March sales, end fiscal 2024 at record levels
9 months, 1 week ago

Carmakers post higher March sales, end fiscal 2024 at record levels

Deccan Chronicle  

Top car makers in India such as Maruti Suzuki, Hyundai Motor, Tata Motors, Mahindra & Mahindra and Toyota Kirloskar Motor reported higher car sales in March and the automakers ended fiscal 2024 with record sales figures, monthly data from the companies showed on Monday.Every month, automobile makers release wholesale from their factory gates to dealers.The auto sector carries more than …

Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head
9 months, 1 week ago

Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head

Hindustan Times  

New Delhi, Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. HT Image The overall domestic luxury car segment grew by 28 per cent annually last year to record sales volume of around 48,500 …

Sales growth forecast despite dip in February
9 months, 3 weeks ago

Sales growth forecast despite dip in February

China Daily  

Vehicles are lined up for export in the Haitong International Automotive Terminal in Taicang Port, Jiangsu province, on Dec 1. Data from the China Association of Automobile Manufacturers showed that China's auto sales reached 1.58 million units in February, down 19.9 percent year-on-year and 35.1 percent month-on-month. Car sales rose 11.1 percent year-on-year to 4.03 million units during the first …

Kia Sells 4 Lakh Connected Cars
10 months ago

Kia Sells 4 Lakh Connected Cars

Deccan Chronicle  

Pune: Kia, the South Korean car giant, known for its tech-driven mobility experience, has hit a major milestone by selling over 400,000 connected cars in the country. The connected car variants contribute more than 44 per cent to Kia India's overall domestic sales. The growth of Kia India’s connected car variants is impressive, boasting a 30.9 per cent compound annual …

India's used car market size to touch USD 100 billion-mark by 2034: CARS24 CEO
10 months ago

India's used car market size to touch USD 100 billion-mark by 2034: CARS24 CEO

Hindustan Times  

As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with customers opting for frequent upgrades when it comes to cars. HT Image "According to our internal study, the anticipated growth of the Indian used car market is set to occur at a 15 per cent CAGR, increasing from USD 25 billion in …

February PV sales jump 11% to 3.73 lakh units
10 months, 1 week ago

February PV sales jump 11% to 3.73 lakh units

New Indian Express  

NEW DELHI: In another bumper month for domestic automobile industry, domestic passenger vehicle sales stood at more than 3.73 lakh units in February 2024, up 11.3% year-on-year. During the first 11 months of FY24, PV sales surged to 38.59 lakh units, a growth of 8.6% YoY. Maruti reported a 9% growth in February 2024 domestic PV sales at 1,60,271 units …

PV industry growth likely to moderate to less than 5 precent in FY25: Tata Motors
10 months, 2 weeks ago

PV industry growth likely to moderate to less than 5 precent in FY25: Tata Motors

India TV News  

Tata Motors Passenger Vehicles Managing Director Shailesh Chandra has predicted the growth of the domestic passenger vehicle industry to be less than 5 percent in the next fiscal. Therefore, we are seeing with this high base effect, and FY25 will be slightly challenging with less than 5 percent growth rate," Chandra said in an analyst call. Chandra noted that in …

This Hyundai SUV shatters records: 10 lakh units sold and counting!
10 months, 2 weeks ago

This Hyundai SUV shatters records: 10 lakh units sold and counting!

Hindustan Times  

Hyundai's best-selling sports utility vehicle Creta, has achieved a historic milestone by surpassing 10 lakh units in sales in India. Launched in 2015, Creta's popularity is evident as it accounts for over 26 per cent of Hyundai's total sales, making it the choice of every fourth car buyer in the country. 2020 Hyundai Creta In the mid-size SUV segment, the …

Entry-level cars below ₹5 lakh witness a sharp decline in demand
10 months, 3 weeks ago

Entry-level cars below ₹5 lakh witness a sharp decline in demand

Hindustan Times  

The demand for entry-level cars priced below ₹5 lakh has sharply declined among Indian customers. Substantial increase in the price of entry-level cars During the past five years, the prices of cars in the sub- ₹5 lakh segment have experienced a substantial increase of 65 per cent. On the contrary, cars priced between ₹7 to 8 lakh, such as Baleno, …

Auto makers start 2024 on high note, report growth in January sales
11 months, 1 week ago

Auto makers start 2024 on high note, report growth in January sales

Hindustan Times  

Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. Maruti Suzuki India's total vehicle sales increased by 15.5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in …

Indian Automotive Component Industry Set to Reach $14 Billion by 2028
11 months, 1 week ago

Indian Automotive Component Industry Set to Reach $14 Billion by 2028

Deccan Chronicle  

Pune: The Indian automotive component industry is expected to touch $14 billion or Rs 116,634 crore by 2028, and the aftermarket segment has a $35 billion or Rs 291,585 crore opportunity, the Automotive Component Manufacturers Association of India or ACMA said on Monday. "The Indian domestic aftermarket, valued at USD 10 billion in 2023, is poised to surge almost 1.4 …

US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes
1 year ago

US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes

Associated Press  

DETROIT — Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year, 12% more than in 2022, the biggest increase in more than a decade. New vehicle loans averaged around 7% for most of the year, and those could drop even if the …

Hyundai India zooms past six lakh units sales milestone in 2023
1 year ago

Hyundai India zooms past six lakh units sales milestone in 2023

Live Mint  

Hyundai Motor India Ltd has revved into 2024, having achieved its highest-ever domestic sales in 2023, crossing the six-lakh milestone with 6,02,111 units sold. Commenting on this record-breaking achievement, Tarun Garg, COO, HMIL, said, “In the momentous year of 2023, Hyundai Motor India witnessed a watershed moment by achieving its highest-ever domestic sales of 6,02,111 units, achieving a respectable 9 …

Global auto sales could increase 2.8% to 8.8 crore in 2024: Report
1 year ago

Global auto sales could increase 2.8% to 8.8 crore in 2024: Report

Hindustan Times  

As the automotive industry braces for 2024, S&P Global Mobility predicts worldwide new vehicle sales to reach 88.3 million, marking a 2.8 per cent increase year-over-year. Looking ahead to 2024, S&P Global Mobility forecasts 15.1 million units, a 2.9 per cent year-over-year growth. US sales volumes are estimated to reach 15.9 million units in 2024, marking a 2.0 per cent …

Automakers floor accelerator in bid for growth
1 year ago

Automakers floor accelerator in bid for growth

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. China, which has been the world's largest vehicle market since 2009, is expected to see sales hit a record 30 million units this year and rise to 31 million units in 2024, according to estimates by the country's leading automotive trade association. Great Wall …

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