Wholesalers in India sell over 2.86 lakh passenger vehicles and 12.11 lakh two-wheelers in Dec: SIAM

According to Aggarwal, growth has been good across sectors in the first nine months of FY24 and there is no reason why the fourth quarter growth shouldn't be good. He expects FY24 to be a good year overall.

SIAM President, meanwhile, pointed out that risks in the Red Sea are being managed well by the Indian government. His comment came against the backdrop of Houthi attacks in the southern Red Sea and Gulf of Aden. He, however, said the Indian economy is very resilient and that he doesn’t see any concerns for the industry from the geopolitical situation.

Aggarwal also said Bharat Mobility Global Expo, scheduled between February 1-3, at the Bharat Mandapam in Delhi, will see wide participation from the entire ecosystem of the auto industry.

The event is supported by industry bodies like SIAM, the Automotive Component Manufacturers Association (ACMA), the Automotive Tyre Manufacturers’ Association (ATMA), the Society of Manufacturers of Electric Vehicles (SMEV), and NASSCOM.