PV Sales Crosses 1 Mn Units In Q1 With 3% Growth: SIAM
Sales of three-wheelers grew by 14.2%, two-wheelers grew by 20.4% while Commercial Vehicles posted growth of 3.5% in Q1 of 2024-25, compared to last financial year
The total production of Passenger Vehicles, Three-wheelers, Two-wheelers, and Quadricycle in June 2024 stands at 23,36,255 units.
Domestic Sales:
#The above numbers do not contain sales of BMW, Mercedes, JLR, Tata Motors & Volvo Auto data are not available. Tata Motors Domestic Sales data for June included only in this document.
Performance: April-June 2024
The total production of Passenger Vehicles, Commercial Vehicles, Three-wheelers, Two-wheelers, and Quadricycle in April-June 2024 was 75,48,668 units
Domestic Sales:
BMW, Mercedes, JLR & Volvo Auto data, Daimler, JBM Auto & Scania are not included in the above data.
Commenting on sales data of Q1 for 2024-25, Vinod Aggarwal, President, SIAM, said, “All segments viz., Passenger Vehicle, Commercial Vehicle, Three-wheeler and Two-wheelers posted growth in Q1 of 2024-25 over the Q1 of last year. While Passenger Vehicles and Commercial Vehicles have witnessed moderate growth, the two-wheelers and three-wheelers have posted very handsome growth in double digits. Within two-wheelers, scooters have posted even higher growth based on some green shoots of recovery in entry level two-wheelers. With positive outlook on monsoon and coming festive season, the Automotive Sector is poised to perform better in the balance part of the year.”
Commenting on the Q1 2024-25 performance, Rajesh Menon, Director General of SIAM said, "Sales of Passenger Vehicles in Q1 of 2024 has been the highest ever of Q1 and also crossed 1 million units in Q1 for the first time, with a growth of 3 per cent, compared to the previous year. Sales of three-wheelers in Q1 of 2024-25 grew by 14.2 per cent compared to last year, with 1.65 lakh units, which is again the highest ever in Q1. Two-wheelers also posted a growth of 20.4 per cent in this Quarter, compared to last year, with sales of 4.99 million units while Commercial Vehicles posted growth of 3.5 per cent in Q1, compared to last financial year, with sales of 2.24 lakh units.”
