India’s startup ecosystem is robust, with multiple schemes aimed at strengthening India’s self-sufficiency. Today, on Pollnomics, we take a trip down memory lane and see how India’s startup ecosystem has evolved, & what major government schemes have propelled this surge.

India General Elections 2024: Decoding India's startup ecosystem since 2014

Hours after India and Iran signed a 10-year contract to develop and operate the port of Chabahar in Iran, the United States has now issued a warning. The US said that anyone considering business deals with Tehran needs to be aware of the potential risk of sanctions. Watch in for more details!

US warns of sanctions after India-Iran Chabahar Port deal

US Ambassador to India Eric Garcetti has claimed the US had allowed India to buy Russian oil. He said that they allowed the purchase to take place to ensure the prices did not go up globally. His statement has triggered a series of question marks. Molly Gambhir tells you more.

Gravitas: US Ambassador's statement on India's purchase of Russian oil

India's startup landscape expands with 122,000 tech companies

Chabahar port deal: US warns of sanctions on anyone considering deal with Tehran

In Mumbai, 14 people have been killed after a massive billboard collapsed on a fuel station amid a strong dust storm. At least 74 others have been injured as well. Watch in for more details!

Mumbai Dust Storm: 14 killed, 74 injured in incident

The India-Iran Chabahar Port agreement was just signed. Soon, the agreement attracted a warning from the U.S. The U.S. issued a warning of potential risk of sanctions to anyone considering business deals with Iran.

US responds to India-Iran Chabahar deal, warns of sanctions

PM Modi filed his nomination from Uttar Pradesh's Varanasi Lok Sabha seat. PM Modi is seeking a third term from the constituency. Varanasi will go to polls in the seventh and last phase of the elections on June 1.

India PM Narendra Modi files nomination from Varanasi, offers prayers at Dasaswamedh Ghat

The Supreme Court of India&nbsp;on Tuesday (May 14)&nbsp;granted bail&nbsp;to Gautam Navlakha, an accused in the Bhima Koregaon violence case, observing that the trial is unlikely to end&nbsp;soon.

A bench comprising Justices M M Sundresh and S V N Bhatti refused to extend the stay imposed by the Bombay High Court in December 2023 on its bail order. The court also stipulated that Navlakha must pay Rs 20 lakh to cover security expenses during his house arrest.

The bench pointed out that Navlakha has been in custody for over four years, the trial involves 370 witnesses, six co-accused have already been granted bail, and charges have yet to be framed.

“Prima facie we are of the view that there is no need to extend the interim order of bail. The appellant has been in incarceration for more than four years and charges are yet to be framed…the High Court by detailed order has deemed fit to grant bail. The trial would take years and years and years to complete…Thus…we are not inclined to extend the stay,” the court said and asked Navlakha to cooperate with the trial.

<a href="https://www.wionews.com/india-news/mumbai-hoarding-collapse-billboard-recognised-in-limca-book-of-records-not-authorised-by-bmc-721200">Also read |&nbsp;Mumbai hoarding collapse: India's largest as per Limca Book of Records, the billboard wasn't cleared by BMC</a>

The court was addressing an appeal from the NIA challenging the high court's decision to grant Navlakha bail. The NIA's counsel argued that the allegations against Navlakha were serious and noted that not all co-accused had been granted bail.

While granting Navlakha bail, the high court had said that “no covert or overt terrorist act has been attributed to him under Section 15 of the Unlawful Activities (Prevention) Act, 1967”.&nbsp;

Navlakha was placed under house arrest in Navi Mumbai under strict conditions following a November 2022 Supreme Court directive, citing his claimed poor health.

Also watch |&nbsp;PM Modi files nomination from Varanasi&nbsp;

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/pm-modi-files-nomination-from-varanasi-putin-to-visit-china-on-may-16-721317/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Although the special NIA court, in denying Navlakha's bail request, had indicated initial evidence of a connection between him and Syed Gulam Nabi Fai—convicted by a US court in 2012 for ties to the Pakistani intelligence agency ISI—the high court stated this had no bearing on the current case. According to the NIA, Navlakha had communicated with the US court seeking leniency for Fai.

(With inputs from agencies)

The Supreme Court of India on Tuesday (May 14) granted bail to Gautam Navlakha, an accused in the Bhima Koregaon violence case, observing that the trial is unlikely to end soon.

The Supreme Court of India on Tuesday (May 14) granted bail to Gautam Navlakha, an accused in the Bhima Koregaon violence case, observing that the trial is unlikely to end soon. A bench comprising Justices M M Sundresh and S V N Bhatti refused to extend the stay imposed by the Bombay High Court in December 2023 on its bail order. The court also stipulated that Navlakha must pay Rs 20 lakh to cover security expenses during his house arrest. The bench pointed out that Navlakha has been in custody for over four years, the trial involves 370 witnesses, six co-accused have already been granted bail, and charges have yet to be framed. “Prima facie we are of the view that there is no need to extend the interim order of bail. The appellant has been in incarceration for more than four years and charges are yet to be framed…the High Court by detailed order has deemed fit to grant bail. The trial would take years and years and years to complete…Thus…we are not inclined to extend the stay,” the court said and asked Navlakha to cooperate with the trial. Also read | Mumbai hoarding collapse: India's largest as per Limca Book of Records, the billboard wasn't cleared by BMC The court was addressing an appeal from the NIA challenging the high court's decision to grant Navlakha bail. The NIA's counsel argued that the allegations against Navlakha were serious and noted that not all co-accused had been granted bail. While granting Navlakha bail, the high court had said that “no covert or overt terrorist act has been attributed to him under Section 15 of the Unlawful Activities (Prevention) Act, 1967”. Navlakha was placed under house arrest in Navi Mumbai under strict conditions following a November 2022 Supreme Court directive, citing his claimed poor health. Also watch | PM Modi files nomination from Varanasi Although the special NIA court, in denying Navlakha's bail request, had indicated initial evidence of a connection between him and Syed Gulam Nabi Fai—convicted by a US court in 2012 for ties to the Pakistani intelligence agency ISI—the high court stated this had no bearing on the current case. According to the NIA, Navlakha had communicated with the US court seeking leniency for Fai. (With inputs from agencies)

Bhima Koregaon case: India’s top court grants bail to Gautam Navlakha, says trial may ‘take years'

The Awami Action Committe (AAC) on Tuesday called off the protests in Pakistan-occupied Kashmir (PoK) after Pakistan government accepted the charter of demands. Watch in for more details!

PoK protests: Awami Action Committee calls off protests in PoK, day after $86 grant

During the bail hearing for AAP leader Manish Sisodia on Tuesday (May 14), the Enforcement Directorate lawyer told the Delhi High Court that the Aam Aadmi Party (AAP) would also face charges in the case, with a supplementary chargesheet expected soon, according to ANI.

Despite there being only 17 arrests so far, more than 250 petitions have been submitted, causing the investigation officer to frequently appear in court, said the ED on delay in probe and trial while opposing Sisodia's bail request.&nbsp;This will be the first legal proceeding in which a political party is named as an accused.

The ED's counsel informed Justice Swarana Kanta Sharma, who is hearing arguments on Sisodia’s bail plea, that AAP would be named as a co-accused in the upcoming chargesheet.

The ED’s counsel also claimed that the accused are making efforts to delay the filing of charges in the case.

The ED lawyer submitted in court that the actions of Sisodia&nbsp;enabled Indospirits to earn profits of ₹192 crore&nbsp;during the 11 months when the Delhi excise policy was in force.

While seeking bail, Sisodia’s attorney argued that the ED and CBI continue to make arrests in the money laundering and corruption case, indicating that the trial will not be resolved quickly. 
 
The Enforcement Directorate is investigating the money laundering aspect of the alleged scheme. This development follows the Supreme Court granting Kejriwal interim bail to campaign in the Lok Sabha elections just a few days ago. 
 
After hearing all the arguments, the court reserved its order on Sisodia's bail plea.

<a href="https://www.wionews.com/india-news/lok-sabha-elections-2024-pm-modi-son-of-ganga-files-nomination-in-varanasi-seeking-3rd-term-as-mp-721246">Also read |&nbsp;Lok Sabha elections 2024: PM Modi, 'son of Ganga', files nomination in Varanasi seeking 3rd term as MP</a>

<h2>K Kavitha's judicial custody extended till May 20</h2>

A Delhi court , meanwhile, extended the judicial custody of Bharat Rashtra Samithi (BRS) leader K Kavitha until May 20 on Tuesday (May 14) in relation to the Delhi excise policy case. The Rouse Avenue Court postponed the hearing on the sixth supplementary chargesheet submitted by the Enforcement Directorate (ED) as part of their investigation.

Last Friday, the ED had submitted a nearly 200-page prosecution chargesheet with annexures under the Prevention of Money Laundering Act (PMLA). The chargesheet names Kavitha, daughter of former Telangana Chief Minister K Chandrasekhar Rao, along with three employees of Chariot Productions Media Pvt Ltd — Damodar Sharma, Prince Kumar, and Chanpreet Singh — and a former India Ahead news channel employee, Arvind Singh, as accused.

Also watch |&nbsp;PM Modi files nomination from Varanasi&nbsp;

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/pm-modi-files-nomination-from-varanasi-putin-to-visit-china-on-may-16-721317/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Kavitha was arrested by the ED on March 15 from her residence in Hyderabad’s Banjara Hills. The central agency has accused her of being a key member of the ‘South Group,’ which allegedly paid a hefty amount in kickbacks to the Aam Aadmi Party (AAP) for a substantial share of liquor licenses in Delhi under the now-cancelled 2021-22 excise policy.

(With inputs from agencies)

During the bail hearing for AAP leader Manish Sisodia on Tuesday (May 14), the Enforcement Directorate lawyer told the Delhi High Court that the Aam Aadmi Party (AAP) would also face charges in the case, with a supplementary chargesheet expected soon, according to ANI.

During the bail hearing for AAP leader Manish Sisodia on Tuesday (May 14), the Enforcement Directorate lawyer told the Delhi High Court that the Aam Aadmi Party (AAP) would also face charges in the case, with a supplementary chargesheet expected soon, according to ANI. Despite there being only 17 arrests so far, more than 250 petitions have been submitted, causing the investigation officer to frequently appear in court, said the ED on delay in probe and trial while opposing Sisodia's bail request. This will be the first legal proceeding in which a political party is named as an accused. The ED's counsel informed Justice Swarana Kanta Sharma, who is hearing arguments on Sisodia’s bail plea, that AAP would be named as a co-accused in the upcoming chargesheet. The ED’s counsel also claimed that the accused are making efforts to delay the filing of charges in the case. The ED lawyer submitted in court that the actions of Sisodia enabled Indospirits to earn profits of ₹192 crore during the 11 months when the Delhi excise policy was in force. While seeking bail, Sisodia’s attorney argued that the ED and CBI continue to make arrests in the money laundering and corruption case, indicating that the trial will not be resolved quickly. The Enforcement Directorate is investigating the money laundering aspect of the alleged scheme. This development follows the Supreme Court granting Kejriwal interim bail to campaign in the Lok Sabha elections just a few days ago. After hearing all the arguments, the court reserved its order on Sisodia's bail plea. Also read | Lok Sabha elections 2024: PM Modi, 'son of Ganga', files nomination in Varanasi seeking 3rd term as MP K Kavitha's judicial custody extended till May 20 A Delhi court , meanwhile, extended the judicial custody of Bharat Rashtra Samithi (BRS) leader K Kavitha until May 20 on Tuesday (May 14) in relation to the Delhi excise policy case. The Rouse Avenue Court postponed the hearing on the sixth supplementary chargesheet submitted by the Enforcement Directorate (ED) as part of their investigation. Last Friday, the ED had submitted a nearly 200-page prosecution chargesheet with annexures under the Prevention of Money Laundering Act (PMLA). The chargesheet names Kavitha, daughter of former Telangana Chief Minister K Chandrasekhar Rao, along with three employees of Chariot Productions Media Pvt Ltd — Damodar Sharma, Prince Kumar, and Chanpreet Singh — and a former India Ahead news channel employee, Arvind Singh, as accused. Also watch | PM Modi files nomination from Varanasi Kavitha was arrested by the ED on March 15 from her residence in Hyderabad’s Banjara Hills. The central agency has accused her of being a key member of the ‘South Group,’ which allegedly paid a hefty amount in kickbacks to the Aam Aadmi Party (AAP) for a substantial share of liquor licenses in Delhi under the now-cancelled 2021-22 excise policy. (With inputs from agencies)

Delhi excise policy case: AAP to be named accused in scam, ED informs Delhi HC

US warns of sanctions against 'anyone considering deal with Tehran'

The economic advisor to Nepal’s president on Sunday (May 12) submitted his resignation, nearly a week after criticising the decision of the government to issue currency notes which depicted the new map of the country with areas in India.

The economic advisor to Nepal’s president on Sunday (May 12) submitted his resignation, nearly a week after criticising the decision of the government to issue currency notes which depicted the new map of the country with areas in India. Chiranjibi Nepal, who is also the central bank's former governor, while speaking to The Indian Express said that the step to include Indian areas of Limpiyadhura, Lipulekh and Kalapani in the map of Nepal was “unwise”. Meanwhile, speaking with BBC Nepali Service, Nepal called the decision an “irresponsible diversion” and one that made "more problematic comments regarding sovereignty”, as per a joint statement issued by a group of civil society leaders. “I oppose the move as a former Governor of the Rastra Bank, and not as an adviser to the President,” said Nepal, just after the map on the notes was made public on May 4. Also Read: Nepal's Supreme Court orders government to limit Everest climbing permits “Nepal being in dispute with India over certain parts of territory is one thing, but printing in the currency a map that is different from what the international bodies, including two neighbours, have recognised is unwise," he added. The comments of the economic advisor were criticised by the Communist Party of Nepal-Unified Marxist Leninist's KP Sharma Oli. Nepal's Prime Minister Pushpa Kamal Dahal said that he has spoken to President Ram Chandra Poudel about the comments. The Office of the President issued a press statement in which they confirmed that Nepal's resignation was accepted by President Paudel on Sunday (May 12). President Paudel extended his thanks to economic advisor Nepal for the service provided by him as an economic expert. Nepalese leaders call for the removal of economic advisor Many leaders had appealed for the removal of Nepal from the post, including former chief of Nepal’s anti-graft body Surynath Upadhyay and Sushil Pyakurel, former ambassador to India Nilambar Acharya, adviser to former president Bidya Devi Bhandari. A group of civil society leaders had also demanded Nepal's removal over the remarks. Watch: Nepal-India territorial row returns: New currency revives old issue "The irresponsible public comments of Mr Nepal have damaged the propriety and position of Nepal’s constitutional head-of-state. Given that the Office of the President has been silent on the matter, we are forced to consider that Mr Nepal is speaking on behalf of President Ram Chandra Poudel when he describes the government’s decision as being “against international values” and “unwise”," read the statement. "In order to keep the position of the President of the Republic above controversy, we demand an immediate retraction from the Office of the President and the removal of Chiranjeevi Nepal from his responsibilities as advisor," it added. (With inputs from agencies)

Nepal president's advisor resigns after criticising inclusion of Indian areas in map on new currency

US warns 'potential risk of sanctions' after Chabahar port deal between Iran and India

Mumbai Dust Storm: At least 14 killed after billboard opposite a fuel station collapses

As protests in Pakistan-occupied Kashmir (PoK) enter their fifth day, tensions rise with no end in sight. The protests have quickly escalated from peaceful demonstrations to violent clashes with law enforcement, resulting in the death of 3 people. Watch in for more details!

PoK protest enters day 5: Three dead in protesters-police clashes

The latest data released by the Society of Indian Automobile Manufacturers (SIAM) reveals a promising uptick in domestic auto sales for April 2024 compared to the same period in 2023.&nbsp;Although there are some difficulties in its way, the Indian automotive sector shows strength and growth driven by positive consumer sentiments and festivities.

Vinod Aggarwal, President, SIAM said, “Year 2024-25 has started on a reasonably good note for the Auto industry, as all the segments have posted growth in April 2024, compared to April 2023, driven by positive consumer sentiments and festivities in this month. Above normal monsoon rainfall, policy continuity post-elections and Government’s push on manufacturing and infrastructure would propel the overall economic growth which would help in continuing the Auto sector’s growth trajectory.”

Strong performance across segments

In April 2024, the total passenger vehicle sales witnessed a marginal increase of 1.3% compared to April 2023, reflecting steady consumer demand and improving economic conditions. The positive trend extends to three-wheelers, with both passenger and goods carrier segments experiencing double-digit growth rates of 11.9% and 64.3%, respectively.

Two-wheeler segment dominates

The standout performer in the domestic market is the two-wheeler segment, which recorded a remarkable surge in sales. Scooters, motorcycles, and mopeds registered significant year-on-year growth rates of 25.2%, 34.4%, and 20.0%, respectively. This robust performance underscores the enduring popularity of two-wheelers as a primary mode of transportation in India.

Challenges in e-rickshaw segment

However, the data also highlights challenges faced by certain subsegments, notably e-rickshaws, which experienced a sharp decline of 49.5% in sales compared to April 2023. This downturn may be attributed to various factors such as changing consumer preferences, regulatory hurdles, and supply chain disruptions.

<table border="1" cellpadding="0" cellspacing="0" data-sheets-root="1" dir="ltr" xmlns="http://www.w3.org/1999/xhtml">
	<colgroup>
		<col width="100" />
		<col width="100" />
		<col width="100" />
		<col width="100" />
	</colgroup>
	<tbody>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Category&quot;}">Category</td>
			<td data-sheets-numberformat="{&quot;1&quot;:5,&quot;2&quot;:&quot;mmmm yyyy&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:45017}">April 2023</td>
			<td data-sheets-numberformat="{&quot;1&quot;:5,&quot;2&quot;:&quot;mmmm yyyy&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:45383}">April 2024</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;% Change&quot;}">% Change</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Total Passenger Vehicles&quot;}">Total Passenger Vehicles</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;3,31,278&quot;}">3,31,278</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;3,35,629&quot;}">3,35,629</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.013}">1.30%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Three Wheelers - Passenger Carrier&quot;}">Three Wheelers - Passenger Carrier</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:34608}">34,608</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:38725}">38,725</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.119}">11.90%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Three Wheelers - Goods Carrier&quot;}">Three Wheelers - Goods Carrier</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:5367}">5,367</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:8818}">8,818</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.643}">64.30%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Three Wheelers - E-Rickshaw&quot;}">Three Wheelers - E-Rickshaw</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:2591}">2,591</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:1308}">1,308</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:-0.495}">-49.50%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Three Wheelers - E-Cart&quot;}">Three Wheelers - E-Cart</td>
			<td data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:319}">319</td>
			<td data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:265}">265</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:-0.169}">-16.90%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Total Three Wheelers&quot;}">Total Three Wheelers</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:42885}">42,885</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:49116}">49,116</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.145}">14.50%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Two Wheelers - Scooters&quot;}">Two Wheelers - Scooters</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;4,64,389&quot;}">4,64,389</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;5,81,277&quot;}">5,81,277</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.252}">25.20%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Two Wheelers - Motorcycles&quot;}">Two Wheelers - Motorcycles</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;8,39,274&quot;}">8,39,274</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;11,28,192&quot;}">11,28,192</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.344}">34.40%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Two Wheelers - Mopeds&quot;}">Two Wheelers - Mopeds</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:34925}">34,925</td>
			<td data-sheets-numberformat="{&quot;1&quot;:2,&quot;2&quot;:&quot;#,##0&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:41924}">41,924</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.2}">20.00%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Total Two Wheelers&quot;}">Total Two Wheelers</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;13,38,588&quot;}">13,38,588</td>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;17,51,393&quot;}">17,51,393</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:0.308}">30.80%</td>
		</tr>
		<tr>
			<td data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Quadricycle&quot;}">Quadricycle</td>
			<td data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:61}">61</td>
			<td data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:19}">19</td>
			<td data-sheets-numberformat="{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}" data-sheets-value="{&quot;1&quot;:3,&quot;3&quot;:-0.689}">-68.90%</td>
		</tr>
	</tbody>
</table>

&nbsp;

(Note:&nbsp;BMW, Mercedes, JLR &amp; Volvo Auto data are not available. Tata Motors Domestic Sales data included only in ‘Total PV’, detailed break-up is not available. However, without Tata Motors, ‘Total PV’ would be 2,84,271 for April 2023 and 2,87,746 for April 2024)

Implications of government policies

Government policies and programs have been the main force in the transformation of the automotive industry. The increasing focus on electric vehicles and sustainable transportation solutions is clearly shown in the comparison of the performance of conventional and electric vehicles. Though the sales of petrol and diesel-powered cars are still the mainstay, the electric vehicle market is slowly but surely becoming popular.

Market dynamics and consumer behaviour

The change in the way consumers behave towards digital platforms and online shopping channels has altered the automotive retail environment. Manufacturers and car sellers are now more and more recognizing the importance of the digital marketing and the virtual showroom to connect with the customers and to boost the sales.

Also Read:&nbsp;<a href="https://www.wionews.com/business-economy/chinese-lidar-maker-hesai-group-sues-us-government-over-allegations-721202">Chinese lidar maker Hesai Group sues U.S. government over allegations</a>

Outlook and future prospects

In the future, the automotive industry is hopeful but at the same time, very much careful about the road ahead. Although the possible supply chain disruptions still exist, the economic recovery that is now underway, boosts confidence of the sustained growth rate.

The April 2024 domestic auto sales report of the SIAM shows the Indian automotive sector's resiliency and adaptability. Although the industry has to deal with the multiple challenges, it still proves that it can be able to change and be successful in the dynamic environment. With strategic interventions and collaborative efforts, the automotive industry is poised for a promising future ahead.

The latest data released by the Society of Indian Automobile Manufacturers (SIAM) reveals a promising uptick in domestic auto sales for April 2024 compared to the same period in 2023.

The latest data released by the Society of Indian Automobile Manufacturers (SIAM) reveals a promising uptick in domestic auto sales for April 2024 compared to the same period in 2023. Although there are some difficulties in its way, the Indian automotive sector shows strength and growth driven by positive consumer sentiments and festivities. Vinod Aggarwal, President, SIAM said, “Year 2024-25 has started on a reasonably good note for the Auto industry, as all the segments have posted growth in April 2024, compared to April 2023, driven by positive consumer sentiments and festivities in this month. Above normal monsoon rainfall, policy continuity post-elections and Government’s push on manufacturing and infrastructure would propel the overall economic growth which would help in continuing the Auto sector’s growth trajectory.” Strong performance across segments In April 2024, the total passenger vehicle sales witnessed a marginal increase of 1.3% compared to April 2023, reflecting steady consumer demand and improving economic conditions. The positive trend extends to three-wheelers, with both passenger and goods carrier segments experiencing double-digit growth rates of 11.9% and 64.3%, respectively. Two-wheeler segment dominates The standout performer in the domestic market is the two-wheeler segment, which recorded a remarkable surge in sales. Scooters, motorcycles, and mopeds registered significant year-on-year growth rates of 25.2%, 34.4%, and 20.0%, respectively. This robust performance underscores the enduring popularity of two-wheelers as a primary mode of transportation in India. Challenges in e-rickshaw segment However, the data also highlights challenges faced by certain subsegments, notably e-rickshaws, which experienced a sharp decline of 49.5% in sales compared to April 2023. This downturn may be attributed to various factors such as changing consumer preferences, regulatory hurdles, and supply chain disruptions. Category April 2023 April 2024 % Change Total Passenger Vehicles 3,31,278 3,35,629 1.30% Three Wheelers - Passenger Carrier 34,608 38,725 11.90% Three Wheelers - Goods Carrier 5,367 8,818 64.30% Three Wheelers - E-Rickshaw 2,591 1,308 -49.50% Three Wheelers - E-Cart 319 265 -16.90% Total Three Wheelers 42,885 49,116 14.50% Two Wheelers - Scooters 4,64,389 5,81,277 25.20% Two Wheelers - Motorcycles 8,39,274 11,28,192 34.40% Two Wheelers - Mopeds 34,925 41,924 20.00% Total Two Wheelers 13,38,588 17,51,393 30.80% Quadricycle 61 19 -68.90% (Note: BMW, Mercedes, JLR & Volvo Auto data are not available. Tata Motors Domestic Sales data included only in ‘Total PV’, detailed break-up is not available. However, without Tata Motors, ‘Total PV’ would be 2,84,271 for April 2023 and 2,87,746 for April 2024) Implications of government policies Government policies and programs have been the main force in the transformation of the automotive industry. The increasing focus on electric vehicles and sustainable transportation solutions is clearly shown in the comparison of the performance of conventional and electric vehicles. Though the sales of petrol and diesel-powered cars are still the mainstay, the electric vehicle market is slowly but surely becoming popular. Market dynamics and consumer behaviour The change in the way consumers behave towards digital platforms and online shopping channels has altered the automotive retail environment. Manufacturers and car sellers are now more and more recognizing the importance of the digital marketing and the virtual showroom to connect with the customers and to boost the sales. Also Read: Chinese lidar maker Hesai Group sues U.S. government over allegations Outlook and future prospects In the future, the automotive industry is hopeful but at the same time, very much careful about the road ahead. Although the possible supply chain disruptions still exist, the economic recovery that is now underway, boosts confidence of the sustained growth rate. The April 2024 domestic auto sales report of the SIAM shows the Indian automotive sector's resiliency and adaptability. Although the industry has to deal with the multiple challenges, it still proves that it can be able to change and be successful in the dynamic environment. With strategic interventions and collaborative efforts, the automotive industry is poised for a promising future ahead.

Indian auto sales soar in April 2024: 2-wheelers lead with 30.8 per cent growth

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The fourth phase of voting for the 2024 Lok Sabha elections is underway in 96 Lok Sabha constituencies across 9 states and a Union Territory. These states and UT include Andhra Pradesh, Bihar, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana, Uttar Pradesh, West Bengal, and Jammu and Kashmir. A total of 1,717 candidates are in the fray in this phase.

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