SUV demand puts Dec PV sales in the fast lane
Financial Express Chennai|January 02, 2025
Sales hit 4.3 million in 2024, marking 4.8% growth
RAGHAV AGGARWAL

DRIVEN BY ROBUST demand for sports utility vehicles (SUV), passenger vehicle (PV) sales dispatches from manufacturers to dealers in December stood at 320,000 units, up 14% year-on-year, marking a strong end to 2024.

Of the five leading automakers – Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, and Toyota Kirloskar – which reported their sales number on Wednesday, only Hyundai reported a decline of 1.3%, while Tata Motors reported a low single-digit growth of 2%.

For the 2024 calendar year, PV sales reached approximately 4.3 million units, up 4.8% from 4.1 million in 2023. The SUV segment has been instrumental in this growth, with its share of total PV sales climbing to over 55% at the end of December compared to less than 50% at the end of March this year.

هذه القصة مأخوذة من طبعة January 02, 2025 من Financial Express Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 02, 2025 من Financial Express Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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