It’s the third week of May 2024 and both India Passenger Vehicle Inc and Two-Wheeler Inc are firing on all cylinders when it comes to new vehicle sales. FY2024 was a record-breaker for passenger vehicle sales on two counts – best-ever fiscal numbers of 4.21 million units and the highest utility vehicle wholesales of 2.52 million units. The two-wheeler industry clocked total wholesales of nearly 18 million units.
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