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.
This story is from the January 02, 2025 edition of Financial Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 02, 2025 edition of Financial Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
5 Infants Test Positive for HMPV in Gujarat, Karnataka, TN
FIVE INFANTS TESTED positive for the Human Metapneumovirus (HMPV) in Karnataka, Tamil Nadu, and Gujarat on Monday, the first reported cases of the virus in India.
Cutting-edge AI innovations to take centre stage at CES 2025
Top global companies to showcase advancements in mobility, digital health and sustainability
Bajaj Auto's EV charge
LAUNCH OF MASS MARKET SCOOTERS PAYS OFF
Special Category Visa for Foreign Students
INDIA HAS LAUNCHED two special category visas for international students intending to pursue higher education in academic institutions in the country.
Stars who couldn't walk the talk
IN THE END, just one Indian could get on top of the dias at the presentation ceremony of Border-Gavaskar Trophy (BGT). Jasprit Bumrah, the captain and the man of the series.
Indian-Origin IT Companies Corner a Fifth of H-1B Visas
INDIAN-ORIGIN TECH COMPANIES cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services (TCS) leading the pack, an analysis of data from the US immigration department showed.
A win-win solution
Platform becomes match-maker for India Inc & startups
No need to run an air purifier and room heater at the same time
It heats in winter and purifies indoor air all year round
A handy tool to make your voice louder
Simple plug and play design adds to its ease of use
Track kids' location in real-time
GADGETS ARE UBIQUITOUS in modern life and children often feel pressured to use certain gadgets to stay connected with peers. While Pebble Junior can
