Monthly Performance: November 2024
Production: The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers, and Quadricycle in November 2024 was 24,07,351 units
Domestic Sales:
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Passenger Vehicles2 sales were 3,47,522 units in November 2024.
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Three-wheeler sales were 59,350 units in November 2024
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Two-wheeler sales were 16,04,749 units in November 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 included only in this document. However, without Tata Motors, ‘Total PV’ would be 3,00,459 for November 2024
Commenting on November-2024 performance, Mr Rajesh Menon, Director General, SIAM said, “The demand momentum which was seen in October during the festive period has continued in November for the industry as a whole, although Two-Wheeler and Three-Wheeler segments witnessed minor de-growth in November 2024. Passenger Vehicles posted its highest ever sales of November in 2024 of 3.48 Lakh units, with a growth of 4.1% as compared to November 2023. Though Diwali festival did not fall in the month of November in 2024, the Two-Wheeler segment posted a sales of 16.05 Lakh units, crossing the 16 Lakh units mark for the first time in a non-Diwali November. However, there was a de-growth of (-)1.1% as compared to November of previous year for Two-Wheelers. Three-Wheelers marginally de-grew by (-)1.3%, as compared to November of last year, with sales of 0.59 lakh units in November 2024.”
Rajesh Menon, Director General, SIAM
rajesh.menon@siam.in