The passenger vehicle market experienced its highest-ever sales for the month of October, reaching 3,93,238 units, up from 3,89,714 units in October 2023, a 0.9 per cent increase.
The SIAM report provides a mixed outlook for India's auto sector. Utility vehicles and two-wheelers are driving domestic growth, while export markets show healthy demand.
The Indian automobile industry, a significant contributor to the nation's economy, has shown mixed performance across different vehicle segments in May 2024, reports SIAM