New Delhi. India's threewheeler exports witnessed a positive trend in the year 2024. According to data from the Society of Indian Automobile Manufacturers, exports of threewheelers have increased by 1.73 per cent in the period January to November in calendar year 2024 to 273,548 units compared to 268,888 units in 2023. Exports of threewheelers declined by 26 percent in fiscal year 2023 and by 17 percent in fiscal year 2024. India's threewheeler exports are likely to see a resurgence in 2024 for several reasons. Factors like improvement in major export destinations like Sri Lanka, Kenya and Nepal and depreciation of rupee have led to the increase in threewheeler exports. According to data released by the Society of Indian Automobile Manufacturers (SIAM), there was a jump in passenger vehicle sales in India in November last year. Sales of passenger vehicles in November 2024 stood at 3.48 lakh units. Which shows an increase of 4.1 percent in passenger vehicle sales in the same period.
At the same time, sales of twowheelers in November stood at 16.05 lakh units, which crossed the figure of 16 lakh units for the first time. The total production of automobiles during the month in November 2024, including passenger vehicles, threewheelers, twowheelers and quadricycles, stood at 24,07,351 units.
Maruti Suzuki's total domestic passenger vehicle sales stood at 1,41,312 units during November this year as against 1,34,158 units in the same month last year. The main growth was recorded in the SUV segment, where sales of its popular models like Brezza, Grand Vitara and Jimny increased from 49,016 units in November 2023 to 59,003 units during the month. –
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Image Credit: KhasKhabar.