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In the PV segment, growth was primarily driven by Toyota Kirloskar, Mahindra &amp; Mahindra (M&amp;M), and Kia India. However, the industry leader Maruti Suzuki saw flat wholesale figures YoY for January, even as the broader domestic PV sales rose about 13 per cent during the month. Tata Motors' PV division registered a 48 per cent growth in January.

Auto industry sees broad-based growth, outlook stays positive: Report

Tata Motors also announced a price hike of up to 2 per cent for its commercial vehicle lineup, which will take effect on April 1, 2025. 
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Tata Motors announces price hike for passenger and electric vehicles

Two-wheeler wholesales, however, declined by 1 per cent year on year to 16,04,749 units last month as compared with 16,23,399 units in the same month last year.

Passenger vehicle dispatches to dealers rise 4% in November at 3,47,522 units: SIAM

The passenger vehicle (PV) dispatches from companies to dealers stood at 3,31,278 units in April 2023.

Domestic passenger vehicle sales up 1.3% at 3,35,629 units in April: SIAM

While the passenger vehicle market is expected to grow by a healthy 9-10% in India during FY18, the increase in the cess by the GST Council poses a challenge to this growth.

Hike in GST cess on larger passenger vehicles could derail demand momentum: ICRA