Monthly Performance: December 2024
Production: The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers and Quadricycle in the month of December 2024 was 19,21,268 units
Domestic Sales:
• Passenger Vehicles2 sales were 3,14,934 units in December 2024.
• Three-wheeler sales were 52,733 units in December 2024.
• Two-wheeler sales were 11,05,565 units in December 2024.
Quarterly Performance: October – December 2024
Production: Total production of Passenger Vehicles3, Commercial Vehicles4, Three Wheelers, Two Wheelers and Quadricycle in October – December 2024 was 75,92,011 units.
Domestic Sales:
• Passenger Vehicles3 sales were 10,58,145 units in October– December 2024.
• Commercial Vehicles4 sales were 2,38,050 units in October – December 2024.
• Three-wheeler sales were 1,88,853 units in October – December 2024.
• Two-wheeler sales were 48,74,590 units in October – December 2024.
Financial Year Performance: April – December 2024
Production: Total production of Passenger Vehicles3, Commercial Vehicles4, Three Wheelers, Two Wheelers and Quadricycle in April – December 2024 was 2,32,14,969 units.
Domestic Sales:
• Passenger Vehicles3 sales were 31,39,288 units in April – December 2024.
• Commercial Vehicles4 sales were 6,83,471 units in April – December 2024.
• Three-wheeler sales were 5,62,652 units in April – December 2024.
• Two-wheeler sales were 1,50,39,570 units in April – December 2024.
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:
• Passenger Vehicles3 sales were 42,74,793 units in January – December 2024.
• Commercial Vehicles4 sales were 9,51,991 units in January – December 2024.
• Three-wheeler sales were 7,28,670 units in January – December 2024.
• Two-wheeler sales were 1,95,43,093 units in January – December 2024.
Commenting on sales data of 2024 calendar year, Mr 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% 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% in 2024 as compared to last year, with sales of around 43 Lakh units. Three Wheelers posted a growth of 6.8% 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% 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, Mr 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% in Q3 of 2024-25 with sales of 1.06 million units, compared to the previous year. Three-Wheelers grew by 0.2% in Q3 of 2024-25, with sales of 1.89 Lakh units. Two-Wheelers grew by 3% in this Quarter, compared to last year, posting sales of 4.9 million units while Commercial Vehicles grew by 1.2% 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 Vehicles2 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% Domestic Sales: Q3 – October-December 2024
Category Domestic Sales (In Nos.) Segment/Subsegment October-December 2023 2024 % Change Passenger Vehicles3 Passenger Cars 3,44,173 3,16,417 -8.1% Utility Vehicles (UVs) 6,32,526 7,05,357 11.5% Vans 35,586 36,371 2.2% Total Passenger Vehicles 10,12,285 10,58,145 4.5% Commercial Vehicles4 M&HCVs Passenger Carrier 10,895 13,559 24.5% Goods Carrier 80,545 76,733 -4.7% Total M&HCVs 91,440 90,292 –1.3% LCVs Passenger Carrier 8,852 9,062 2.4% Goods Carrier 1,34,970 1,38,696 2.8% Total LCVs 1,43,822 1,47,758 2.7% Total Commercial Vehicles 2,35,262 2,38,050 1.2% Three Wheelers Passenger Carrier 1,48,705 1,52,632 2.6% Goods Carrier 30,060 30,431 1.2% E-Rickshaw 8,834 4,710 -46.7% E-Cart 835 1,080 29.3% Total Three Wheelers 1,88,434 1,88,853 0.2% Two Wheelers Scooters 15,04,467 17,08,445 13.6% Motorcycles 30,92,035 30,34,750 -1.9% Mopeds 1,34,934 1,31,395 -2.6% Total Two Wheelers 47,31,436 48,74,590 3.0% Quadricycle 166 9 -94.6% Grand Total 61,67,583 63,59,647 3.1% Domestic Sales: April – December 2024
Category Domestic Sales (In Nos.) Segment/Subsegment April-December 2023 2024 % Change Passenger Vehicles3 Passenger Cars 11,54,394 9,76,515 -15.4% Utility Vehicles 18,19,479 20,48,720 12.6% Vans 1,09,372 1,14,053 4.3% Total Passenger Vehicles 30,83,245 31,39,288 1.8% Commercial Vehicles4 M&HCVs Passenger Carrier 33,422 43,856 31.2% Goods Carrier 2,29,998 2,14,838 -6.6% Total M&HCVs 2,63,420 2,58,694 –1.8% LCVs Passenger Carrier 36,417 36,497 0.2% Goods Carrier 4,00,013 3,88,280 -2.9% Total LCVs 4,36,430 4,24,777 –2.7% Total Commercial Vehicles 6,99,850 6,83,471 –2.3% Three Wheelers Passenger Carrier 4,19,584 4,59,095 9.4% Goods Carrier 79,851 84,934 6.4% E-Rickshaw 26,824 15,656 -41.6% E-Cart 2,524 2,967 17.6% Total Three Wheelers 5,28,783 5,62,652 6.4% Two Wheelers Scooters 43,69,839 52,05,745 19.1% Motorcycles 87,43,162 94,42,637 8.0% Mopeds 3,57,841 3,91,188 9.3% Total Two Wheelers 1,34,70,842 1,50,39,570 11.6% Quadricycle 625 116 -81.4% Grand Total 1,77,83,345 1,94,25,097 9.2% Domestic Sales: – January – December 2024
Category Domestic Sales (In Nos.) Segment/Subsegment January-December 2023 2024 % Change Passenger Vehicles3 Passenger Cars 16,01,873 13,71,068 -14.4% Utility Vehicles 23,53,605 27,49,932 16.8% Vans 1,46,122 1,53,793 5.2% Total Passenger Vehicles 41,01,600 42,74,793 4.2% Commercial Vehicles4 M&HCVs Passenger Carrier 47,807 63,802 33.5% Goods Carrier 3,33,356 3,05,084 -8.5% Total M&HCVs 3,81,163 3,68,886 –3.2% LCVs Passenger Carrier 50,454 51,830 2.7% Goods Carrier 5,47,144 5,31,275 -2.9% Total LCVs 5,97,598 5,83,105 –2.4% Total Commercial Vehicles 9,78,761 9,51,991 –2.7% Three Wheelers Passenger Carrier 5,35,553 5,87,601 9.7% Goods Carrier 1,07,769 1,16,602 8.2% E-Rickshaw 35,345 20,122 -43.1% E-Cart 3,761 4,345 15.5% Total Three Wheelers 6,82,428 7,28,670 6.8% Two Wheelers Scooters 55,74,542 66,75,231 19.7% Motorcycles 1,10,34,166 1,23,52,712 11.9% Mopeds 4,66,724 5,15,150 10.4% Total Two Wheelers 1,70,75,432 1,95,43,093 14.5% Quadricycle 909 216 -76.2% Grand Total 2,28,39,130 2,54,98,763 11.6%