SIAM has released the motor vehicle data on production, domestic sales and exports for October 2024.

Monthly Performance: October 2024

Production: The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycle in October 2024 was 28,82,996 units.

Domestic Sales:

• Passenger Vehicle sales were 3,93,238 units in October 2024.
• Three-wheeler sales were 76,770 units in October 2024
• Two-wheeler sales were 21,64,276 units in October 2024.

Commenting on October-2024 performance, Rajesh Menon, Director General, SIAM said, “October 2024 saw two major festivals Dussehra and Diwali, both occurring in the same month, which traditionally drive higher consumer demand providing a significant boost to the Auto industry’s performance. Passenger Vehicles posted its highest ever sales of October in 2024 of 3.93 Lakh units, with a growth of 0.9 per cent, albeit on a high base of last October. The two-wheeler segment also posted the highest ever sales of October in 2024 with 21.64 Lakh units, with a good growth of 14.2 per cent, compared to October 2023. This high growth was also reflected in the Vahan vehicle registration data, wherein more than 30 per cent growth in registration was witnessed for both Passenger Vehicles and Two-Wheelers in October 2024, compared to October 2023. However, Three-Wheelers marginally de-grew by (-)0.7 per cent compared to October of the previous year, with sales of 0.77 lakh units in October 2024, although there was growth of 11 per cent in registration, compared to last October.”