Auto Performance In April: Sales Of Cars At All-Time High, Bikes Up 30%
SIAM is banking on the likelihood of an above-normal monsoon and policy continuity after elections to build on the sales momentum.
Car sales clocked highest-ever monthly sales yet again despite a marginal growth, while two-wheeler sales grew by more than a third. Sales of passenger vehicles rose 1.3% year-on-year to 3.36 lakh units in April in comparison to 3.31 lakh units in the year-ago period, according to data released by the Society of Indian Automobile Manufacturers on Tuesday.
Two-wheeler sales rose 31% to 17.5 lakh units in April in comparison to 13.4 lakh units in the same month last year. Three-wheeler sales jumped 15% to 49,116 units last month from 42,885 units in the year-ago period, according to the SIAM data.
India produced approximately 23.6 lakh vehicles in the first month of the current financial year. SIAM expects the sales momentum to sustain for the rest of the fiscal.
“FY25 has started on a reasonably good note for the auto industry, as all segments have posted growth in April," SIAM President Vinod Aggarwal said in a statement. "Above-normal monsoon, policy continuity after elections, and the government's push on manufacturing and infrastructure would propel economic growth, and thus help in continuing the auto sector's growth trajectory."
