SIAM has released the motor vehicle data on production, domestic sales and exports of passenger vehicles, two-wheelers, and three-wheelers for December 2024, including Q3-(October-December-24) and annual data of January and December-24 of passenger vehicles, commercial vehicles, two-wheelers, and three-wheelers.
Monthly Performance: December 2024
Production: The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles in the month of December 2024 was 19,21,268 units
Domestic Sales:
- Passenger Vehicle 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 vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles in October – December 2024 was 75,92,011 units.
Domestic Sales:
- Passenger Vehicle sales were 10,58,145 units in October– December 2024.
- Commercial Vehicle 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 vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycle in April – December 2024 was 2,32,14,969 units.
Domestic Sales:
- Passenger Vehicle sales were 31,39,288 units in April – December 2024.
- Commercial Vehicle 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 vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles in January – December 2024 was 3,06,10,778 units.
Domestic Sales:
- Passenger Vehicle sales were 42,74,793 units in January – December 2024.
- Commercial Vehicle 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 the 2024 calendar year, 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’s growth has been primarily driven by the two-wheeler segment which grew by 14.5% in 2024 as compared to the 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 the 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, 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 in 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.”
