Monthly Performance: September 2024
Production: The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers, and Quadricycle in September 2024 was 27,73,039 units
Domestic Sales:
· Passenger Vehicles2 sales were 3,56,752 units in September 2024.
· Three-wheeler sales were 79,683 units in September 2024
· Two-wheeler sales were 20,25,993 units in September 2024.
1 BMW, Mercedes, JLR, Tata Motors & Volvo Auto data are not available.
2 BMW, Mercedes, JLR & Volvo Auto data are not available. Tata Motors Domestic Sales data for September included only in this document. However, without Tata Motors, ‘Total PV’ would be 3,15,689 units for September 2024
Performance: July-September 2024
Production: The total production of Passenger Vehicles3, Commercial Vehicles4, Three Wheelers, Two Wheelers, and Quadricycle in July-September 2024 was 80,73,564 units
Domestic Sales:
· Passenger Vehicles3 sales were 10,55,137 units in July-September 2024.
· Commercial Vehicles4 sales were 2,20,643 units in July-September 2024.
· Three-wheeler sales were 2,08,718 units in July-September 2024.
· Two-wheeler sales were 51,79,349 units in July-September 2024.
Performance: April-September 2024
Production: The total production of Passenger Vehicles3, Commercial Vehicles4, Three Wheelers, Two Wheelers, and Quadricycle in April-September 2024 was 1,56,22,388 units
Domestic Sales:
· Passenger Vehicles3 sales were 20,81,143 units in April-September 2024.
· Commercial Vehicles4 sales were 4,45,004 units in April-September 2024.
· Three-wheeler sales were 3,73,799 units in April-September 2024.
· Two-wheeler sales were 1,01,64,980 units in April-September 2024.
3BMW, Mercedes, JLR & Volvo Auto data are not available.
4Daimler, JBM Auto & Scania data are not available.
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Commenting on the Q2 2024-25 performance, Mr Shailesh Chandra, President, SIAM said, “The overall Indian automobile industry remained strong in Q2 2024-25 with 8.9% growth compared to Q2 2023-24. Two and Three-Wheelers continued to post strong growth of 12.6% and 6.6% respectively, while Passenger Vehicles and Commercial Vehicles posted some degrowth in Q2 of 2024-25 compared to 2023-24. Heavy rainfall in key states and almost the entire ‘Shradh’ period falling in the month of September, did impact the sales numbers of some of the segments. With the rains easing and continued infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate healthy demand in the next quarter.”
Commenting on the Q2 2024-25 performance, Mr Rajesh Menon, Director General, SIAM said, “Although Passenger Vehicle segment de-grew by (-) 1.8% in Q2 of 2024-25 as compared to Q2 of last year, for the 3rd time it crossed the 1 million mark in Q2, posting a sales of 1.06 million units. Two-Wheelers posted sales of 5.18 million units in Q2 for FY 24-25 as compared 4.60 million units in Q2 of last year. Three-Wheelers posted the highest ever sales of Q2 with 2.09 Lakh Units. Commercial Vehicles posted a degrowth of (-) 11% in Q2 of 2024-25 as compared to Q2 of last year, with sales of 2.21 Lakh units.”
Rajesh Menon, Director General, SIAM
rajesh.menon@siam.in