This milestone follows two consecutive years of double-digit growth, with sales climbing from 24 million units in 2023.
Industry experts, however, predict a subdued 2025: Passenger vehicle (PV) sales are expected to grow in low single digits, two-wheeler sales are projected to rise by 6-8 per cent, and tractor sales are anticipated to grow by 3-5 per cent. Commercial vehicle sales, meanwhile, will likely depend on government infrastructure spending.
Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said the industry remains "optimistic" about PV growth in the new calendar year.
Data from the VAHAN portal (Ministry of Road Transport and Highways) showed that total new vehicle registrations were 24.16 million in 2019, 18.6 million in 2020, 18.9 million in 2021, and 21.5 million in 2022.
Denne historien er fra January 02, 2025-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 02, 2025-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
As Mumbai Marathon Turns 20, Brands Dash to Finish Line
By the time the sun had cast its vibrant glow across the Maximum City, Mumbaikars were up and running.
AI strategy in action, critical to our success'
DEBASHIS CHATTERJEE, chief executive officer and managing director of LTIMindtree, said that the company's artificial intelligence (AI) strategy -- AI in Everything, Everything for AI, and AI for Everyone -- is delivering results for both the firm and its clients. In a video interview with Shivani Shinde following the company's 2024-25 (FY25) third-quarter (Q3) results, he shared insights on the outlook for 2025-26 (FY26), the role of AI in efficiency-driven deals, and the state of discretionary spending. Edited excerpts:
Tesla Rival VinFast readies India drive for export hub
EV major plans first stop in Tamil Nadu
India not too perturbed by Trump's disruptive agenda
Today, Donald Trump, well known for his discomfort with global rules that constrain unilateral actions by individual countries, will be sworn in as the 47th President of the United States of America, a country that has played a leading role in developing internationally accepted rules in various spheres, especially since the end of the Second World War.
Commercial realty: Growing demand but limited supply
Buoyed by a rise in demand and absorption, India's commercial real estate landscape for the top nine cities, including four metros, showed dynamism in 2024 amid resilient economic growth.
Walking with allies: Bihar's Budget demands loom large
If it was Andhra Pradesh last Budget, it's poll-bound Bihar that has now turned to Centre with a list of demands. ARCHIS MOHAN explains how the NDA government is delivering on promises
Guns in Gaza fall silent as truce begins, finally
Three hostages arrive in Israel as fragile ceasefire takes hold after 3-hour delay during which Israeli warplanes and artillery pounded Gaza, killing 26
Scaling large & midcap peak, leaving rivals at base camp
UTI Large & Mid Cap Fund, launched in May 2009, has consistently ranked in the top 30 percentile within the large and midcap fund category of the CRISIL Mutual Fund Ranking (CMFR) for four consecutive quarters up to September 2024.
Current environment conducive for pvt investments: CII survey
Nearly three-fourths of firms taking part in an industry survey have said that the current economic environment is conducive to private investment.
Fireworks before big bang Monday
United States President-elect Donald Trump has returned to Washington DC for his second presidential inauguration on Monday. He will be sworn in as the 47th president of the US, alongside JD Vance, who will take oath as vice-president.
