India's Auto Sector Records 19.2 Lakh Units Of Production In December 2024
Passenger Vehicle (PV) sales in December 2024 reached 3.15 lakh units, marking steady growth
The total production of Passenger Vehicles, Three-wheelers, Two-wheelers and Quadricycle in the month of December 2024 was 19,21,268 units. These numbers do not include BMW, Mercedes, JLR, Tata Motors & Volvo Auto data.
Domestic Sales:
Quarterly Performance: October - December 2024
Total production of Passenger Vehicles, Commercial Vehicles, Three-wheelers, Two-wheelers and Quadricycle in October - December 2024 was 75,92,011 units.
Domestic Sales:
Financial Year Performance: April - December 2024
Total production of Passenger Vehicles, Commercial Vehicles, Three-wheelers, Two-wheelers and Quadricycle in April - December 2024 was 2,32,14,969 units.
Domestic Sales:
Calendar Year Performance: January - December 2024
Production: Total production of Passenger Vehicles3, Commercial Vehicles4, Three Wheelers, Two Wheelers and Quadricycle in January - December 2024 was 3,06,10,778 units.
Domestic Sales:
The above data do not include BMW, Mercedes, JLR, Volvo Auto, Daimler & JBM Auto data.
Commenting on sales data of 2024 calendar year, Shailesh Chandra, President, SIAM, said, “2024 has been reasonably good for the Auto industry. Positive consumer sentiments and the country’s macroeconomic stability, helped in propelling reasonable growth for the sector across vehicle segments. This year growth has been primarily driven by the two-wheeler segment which grew by 14.5 per cent in 2024 as compared to previous year, posting sales of 1.95 crore units. In addition, passenger vehicles and three-wheelers posted their highest ever sales in a calendar year. Passenger vehicles grew by 4.2 per cent in 2024 as compared to last year, with sales of around 43 Lakh units. Three-wheelers posted a growth of 6.8 per cent in 2024 as compared to the previous year, with sales of 7.3 lakh units. However, Commercial Vehicles posted a slight degrowth of (-) 2.7 per cent in 2024 as compared to last year, posting sales of 9.5 lakh units, though signs of growth are visible in Q3 of 2024-25. The stable policy ecosystem of Government of India in 2024, carrying on from the previous years, has helped the industry. As the new year commences with a positive sentiment being created through the Bharat Mobility Global Expo, this momentum would further propel growth in 2025.”
Commenting on Q3 sales data, Rajesh Menon, Director General, SIAM, said “Passenger Vehicles, Commercial Vehicles and Three-wheelers posted their highest ever sales of Q3. Two-wheelers also posted their second highest sales of Q3. Passenger Vehicles grew by 4.5 per cent in Q3 of 2024-25 with sales of 1.06 million units, compared to the previous year. Three-wheelers grew by 0.2 per cent in Q3 of 2024-25, with sales of 1.89 Lakh units. Two-Wheelers grew by 3 per cent in this Quarter, compared to last year, posting sales of 4.9 million units while Commercial Vehicles grew by 1.2 per cent in Q3, compared to Q3 of last year, with sales of 2.38 lakh units.”
Domestic Sales: Monthly
Category | Domestic Sales (In Nos.) | ||
Segment/Subsegment | December | ||
2023 | 2024 | % Change | |
Total Passenger Vehicles | 2,86,390 | 3,14,934 | 10.0% |
Three-wheelers |
|
|
|
Passenger Carrier | 39,405 | 42,376 | 7.5% |
Goods Carrier | 9,120 | 9,083 | -0.4% |
E-Rickshaw | 2,147 | 1,098 | -48.9% |
E-Cart | 275 | 176 | -36.0% |
Total Three-wheelers | 50,947 | 52,733 | 3.5% |
Two-wheelers |
|
|
|
Scooters | 4,05,546 | 4,18,665 | 3.2% |
Motorcycles | 7,68,402 | 6,53,808 | -14.9% |
Mopeds | 38,290 | 33,092 | -13.6% |
Total Two-wheelers | 12,12,238 | 11,05,565 | -8.8% |
Quadricycle | 22 | 5 | -77.3% |
