Vinayak Chaturvedi
The passenger vehicle industry in India is set to touch new heights in FY 2025.
Domestic and export sales will cross about 5 million units.
Annual growth will be slow, it will be 2-4 percent.
Passenger vehicle growth is expected to be in the range of 2-4 per cent in FY25.
Utility vehicles will grow at 10 per cent.
The demand for a CNG-powered passenger vehicle is on the rise.
Rural areas are expected to recover on the back of better monsoon and lower interest rates.