Production: The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in June 2024 was 23,36,255 units
Domestic Sales:
- Passenger Vehicles2 sales were 3,37,757 units in June 2024.
- Three-wheeler sales were 59,544 units in June 2024.
- Two-wheeler sales were 16,14,154 units in June 2024.
Performance: April-June 2024
Production: The total production of Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in April-June 2024 was 75,48,668 units
Domestic Sales:
- Passenger Vehicles3 sales were 10,26,006 units in April-June 2024.
- Commercial Vehicles4 sales were 2,24,209 units in April-June 2024.
- Three-wheeler sales were 1,65,081 units in April-June 2024.
- Two-wheeler sales were 49,85,631 units in April-June 2024
Commenting on sales data of Q1 for 2024-25, Mr Vinod Aggarwal, President, SIAM said, “All segments viz., Passenger Vehicle, Commercial Vehicle, Three-Wheeler and Two-Wheelers posted growth in Q1 of 2024-25 over the Q1 of last year. While Passenger Vehicles and Commercial Vehicles have witnessed moderate growth, the Two Wheelers and Three Wheelers have posted very handsome growth in double digits. Within Two-Wheelers, Scooters have posted even higher growth based on some green shoots of recovery in entry level twowheelers. With positive outlook on monsoon and coming festive season, the Automotive Sector is poised to perform better in the balance part of the year.”
Commenting on the Q1 2024-25 performance, Mr Rajesh Menon, Director General, SIAM said, Sales of Passenger Vehicles in Q1 of 2024 has been the highest ever of Q1 and also crossed 1 million units in Q1 for the first time, with a growth of 3%, compared to the previous year. Sales of Three-Wheelers in Q1 of 2024-25 grew by 14.2% compared to last year, with 1.65 Lakh units, which is again the highest ever in Q1. Two-Wheelers also posted a growth of 20.4% in this Quarter, compared to last year, with sales of 4.99 million units while Commercial Vehicles posted growth of 3.5% in Q1, compared to last financial year, with sales of 2.24 Lakh units.”
