Monthly Performance: August 2024
Production: The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in August 2024 was 24,91,263 units
Domestic Sales:
- Passenger Vehicles sales were 3,52,921 units in August 2024.
- Three-wheeler sales were 69,962 units in August 2024.
- Two-wheeler sales were 17,11,662 units in August 2024.
Commenting on August-2024 performance, Mr Rajesh Menon, Director General, SIAM said, “In August 2024, Passenger Vehicle segment de-grew by (-)1.8% compared to August 2023, posting a sales of about 3.53 lakh units. Three Wheelers posted a sales of 0.7 Lakh units in August 2024, a growth of 7.7% from the previous peak of August 2023. Two-Wheeler segment also posted a decent growth of 9.3% in August 2024 as compared to August 2023, with sales of 17.12 Lakh units. Looking ahead, as the country enters the festive season, demand for Vehicles is expected to grow, which will also be duly augmented by the recent announcements of PM E-DRIVE and PM-eBus Sewa Schemes of Government of India.”
