Vehicle registration pace in 2024 slowest in three years
Financial Express Kochi|January 08, 2025
THE PACE OF new vehicle registrations in India during 2024 was the slowest in three years, as rising costs and inflationary pressures tempered demand.
SWARAJ BAGGONKAR

All-India vehicle retail sales for 2024 stood at 26.1 million units, marking a 9% growth over 2023 when 23.9 million vehicles were sold. This growth rate was the lowest since 2021, when the sector recorded a modest 2% year-on-year increase.

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