NEW DELHI: The annual growth in automobile sales was fuelled by strong performances in the two-wheeler, three-wheeler, passenger vehicle (PV), and tractor segments. Commercial vehicles (CV), however, stalled.
Automakers sold more than 26.1 million units in calendar year 2024, compared with 23.9 million units in 2023.
December, however, proved to be a disappointment, with overall retail sales declining 12.4% year-on-year to more than 1.7 million units as post-festive inventory build-up, delayed harvest payments, and weak consumer sentiment weighed on demand across segments, Fada said.
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