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Podcast: businessline's State of the Economy Podcast
Episode: Positive monsoon forecasts, and pent-up demand augur well for the auto sector: SIAM president
Description: While commercial vehicles have remained stable, there is a shift towards higher-tonnage trucks due to increased demand for transportation, says Vinod Aggarwal, President, Society of Indian Automobile Manufacturers, in conversation with businessline’s Ronendra Singh. The auto industry has witnessed a remarkable performance in fiscal year 2024, with passenger vehicle sales reaching 4.2 million units domestically. In March alone, there was an impressive growth of 8.9%, totaling 317,976 units compared to 292,030 units previously. Aggarwal highlights the industry's robust growth, with an overall increase of 12.5% in fiscal year 2024 compared to the previous year. Passenger cars have reached a new peak of 4.2...