Monthly Performance: February 2024
Production: The total production of Passenger Vehicles1
Three Wheelers, Two Wheelers, and
Quadricycle in February 2024 was 22,94,411 units
Domestic Sales:
- Passenger Vehicles2 sales were 3,70,786 units in February 2024.
- Three-wheeler sales were 54,584 units in February 2024
- Two-wheeler sales were 15,20,761 units in February 2024.
Commenting on sales data of February 2024, Mr Vinod Aggarwal, President, SIAM said, “Passenger Vehicles, Two-Wheelers, and Three-Wheelers have posted growth in February 2024 compared to the previous year, while Commercial Vehicles have witnessed a slight de-growth.Overall robust GDP growth of the countryin Q3 of 2023-24 has helped the Auto Sector. The Bharat Mobility Global Expo 2024 held in February 2024, graced by the Hon’ble Prime Minister, has also created a strong positive sentiment for the consumers and therefore the Industry expects the growth momentum to continue.”
Commenting on February 2024 sales performance, Mr Rajesh Menon, Director General, SIAM said, “Passenger Vehicles again reported its highest ever sales of February posting sales of 3.7 Lakh units with a growth of 10.8%, compared to February 2023. Three-Wheelers also reported moderate growth of 8.3% posting sales of about 0.55 Lakh units in February 2024. Two Wheelers posted an appreciable growth of 34.6% compared to February 2023 posting sales of 15.2 Lakh units.”
