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Auto sales shake off pandemic blues, hit record high of 26.1 mn units

Business Standard LogoBusiness Standard2d ago

Auto sales shake off pandemic blues, hit record high of 26.1 mn units - Business Standard

Quick Summary:

EV penetration increased to 7.5 per cent from 6.39 per cent in the previous year.Of the total 26.1 million vehicles sold, petrol vehicles accounted for 74 per cent (19.3 million), while diesel vehicles comprised 10 per cent (2.63 million).

Home / Industry / Auto / Auto sales shake off pandemic blues, hit record high of 26.

We are optimistic about 2025, especially with multiple launches lined up, and expect the EV sector to perform well,” said C S Vigneshwar, president of the Federation of Automobile Dealers Associations (FADA).“The macro-economic scenario in the second quarter of FY24 was affected by unusually heavy rains in certain areas and slowing infrastructure capex.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 18:13:48 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 654 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24803443

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 198 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Website Security: Secure (HTTPS)

Publisher ID: #49

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