Auto Dispatches From Companies To Dealers Up 12% In 2024: Siam

Automobile dispatches from companies to dealers rose 12% last year compared to 2023 on the back of positive consumer sentiments which aided robust demand for two-wheelers, industry body Siam said on Tuesday.

- Press Trust of India

NEW DELHI:

Total wholesales across categories rose to 2,54,98,763 units in 2024 against 2,28,39,130 units in 2023, a growth of 11.6%.

"2024 has been reasonably good for the auto industry. Positive consumer sentiments and the country's macroeconomic stability helped in propelling reasonable growth for the sector across vehicle segments," Society of Indian Automobile Manufacturers (Siam) president Shailesh Chandra said in a statement.

Last year, the growth was primarily driven by the two-wheeler segment which grew by 14.5% in 2024 over a year ago, he added.