COMMERCIAL VEHICLE SALES (EX-SHOWROOM) WENT UP BY 26.7% IN FY24 AFTER GROWING 55.7% IN FY23, WITH REGISTRATIONS SETTING A NEW ALL-TIME HIGH OF 2.5 MILLION. WITH PREDICTION OF AN ABOVE NORMAL
MONSOON, SALES ARE EXPECTED TO ZOOM AHEAD
Electric buses being flagged off in New Delhi in September 2023 (Photo by Manish Rajput)
1.4 Million: Number of passenger transport vehicles registered in 2023-24, higher than the pre-pandemic peak of 1 million in 2018-19
22.7%: YoY increase in registrations of construction vehicles to 22,040 in 2023-24, well above the pre-pandemic high of 17,963 in 2018-19
55.4%: Share of passenger transport vehicles in FY24 of the total commercial vehicle registration, a jump from 45.6% last year
COMMERCIAL VEHICLE SALES (EX-SHOWROOM) WENT UP BY 26.7% IN FY24 AFTER GROWING 55.7% IN FY23, WITH REGISTRATIONS SETTING A NEW ALL-TIME HIGH OF 2.5 MILLION. WITH PREDICTION OF AN ABOVE-NORMAL MONSOON, SALES ARE EXPECTED TO ZOOM AHEAD