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Informist, Tuesday, Jan. 14, 2025

 

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--SIAM: India Dec passenger vehicle sales 314,934 units, up 10% on year 
--SIAM: India Dec 2-wheeler sales 1.11 mln units, down 8.8% on year 
--SIAM: India Dec scooter sales 418,665 units, up 3.2% on year 
--SIAM: India Dec motorcycle sales 653,808 units, down 14.9% on year 
--SIAM: India Dec 3-wheeler sales 52,733 units, up 3.5% on year 
--SIAM: Dec total vehicle exports at 479,426 units, up 29% on year
--SIAM: Dec passenger vehicle output 320,476 units, up 9.2% on year 
--SIAM: Dec 2-wheeler output 1.53 mln units, down 0.6% on year 
--SIAM: Dec 3-wheeler output 72,823 units, up 7.6% on year 
--SIAM: India Oct-Dec total vehicle sales 6.36 mln units, up 3.1% on year 
--SIAM: Oct-Dec total vehicle exports 1.40 mln units, up 25.1% on year 
--SIAM: India Oct-Dec passenger vehicle sales 1.06 mln units, up 4.5% on yr 
--SIAM: India Oct-Dec utility vehicle sales 705,357 units, up 11.5% on year 
--SIAM: India Oct-Dec 2-wheeler sales 4.87 mln units, up 3% on year 
--SIAM: India Oct-Dec motorcycle sales 3.03 mln units, down 1.9% on year 
--SIAM: India Oct-Dec scooter sales 1.71 mln units, up 13.6% on year 
--SIAM: India Oct-Dec CV sales 238,050 units, up 1.2% on year 
--SIAM: India Oct-Dec 3-wheeler sales 188,853 units, up 0.2% on year 

 

By Anand JC

 

NEW DELHI – Wholesale despatches of passenger vehicles, commercial vehicles and three-wheelers touched a record high in the December quarter. Yet, it was two-wheelers which staged a resurgence after a brief lull to emerge as the top-performing segment in 2024, as per data released Tuesday by the Society of Indian Automobile Manufacturers. However, December wholesales in India made for a more sober reading for all segments, except passenger vehicles.

 

Growth in the automobile sector in 2024 was primarily driven by bikes and scooters with 19.54 million two-wheelers being sold in India during the year, up 14.5% from a year ago. Passenger vehicles registered record-high domestic despatches in 2024 at 4.3 million units, up 4.2% from a year ago. Despatches of three-wheelers too touched a record high in 2024, with 728,670 units sold in the country, up 6.8% from sales in 2023.

 

Growth in passenger vehicle despatches outshone other segments in December with 270,704 units being sold in India, up 11.4% on-year. Exports of passenger vehicles in the final month of 2024 rose 29.8% on-year to 78,870 units.

 

In December, the overall automobile despatches in India decreased 5.1% on-year to 1.43 million units. Overseas, wholesales increased 29.0% on-year to 479,426 units. Production of automobiles rose 1.3% on-year to 1.92 million units in December.

 

Automobile wholesale sales in India were 6.36 million units in Oct-Dec, up 3.1% from a year ago, while exports increased 25.1% to 1.40 million units. Around 7.59 million units were produced during the quarter, up 6.4% from a year ago.

 

The wholesale despatches in India in 2024 increased 11.6% on-year to 25.50 million units. Companies exported 5.10 million units in 2024, up 19% from 2023. Production of automobile units increased 12.8% to 30.61 million units in 2024.

 

PASSENGER VEHICLES

Indians' preference for passenger cars decreased at a rapid rate in 2024, with domestic sales declining by 14.4% to 1.37 million units. Companies cut back production of passenger cars as well, with output declining by 12.6% to 1.78 million units in 2024.

 

Utility vehicles continued to find favour with 2.75 million units sold locally in 2024, up 16.8% compared to the year before. Companies exported 323,621 utility vehicles in 2024, up 33 from a year ago.

 

Despite the low base, wholesales of vans in India increased by a modest 5.2% to 153,793 units in 2024. Yet, in December, its growth remained better than small cars and utility vehicles, as companies sold 11,678 vans to dealers, up 16.3% on-year. Production of vans in December increased 22.7% on-year to 12,788 units.  

 

TWO-WHEELERS

Wholesale two-wheeler despatches in 2024 were driven by double-digit growth in all three segments - scooters, motorcycles and mopeds. Within the three, scooters were an outlier in December, Oct-Dec and 2024.

 

Despatches of motorcycles, which accounted for around 63% of the overall two-wheeler segment in India, reported a 11.9% growth at 12.35 million units in 2024. Despatches of motorcycles to dealers in December fell 14.9% to 653,808 units. However, companies exported 332,036 motorcycles in December, up 32% on-year.

 

COMMERCIAL VEHICLES

 

Commercial vehicles endured a difficult 2024 with wholesale despatches slowing down by lack of a pick-up in government orders owing to the General Elections. Total domestic commercial vehicle despatches fell 2.7% to 951,991 vehicles in 2024. Overseas demand was better, as exports rose 5.9% to 72,511 units in 2024. Companies opted to manufacture a lower number of commercial vehicles in 2024, as production fell 4.2% to 1.02 million units.

 

Passenger carriers, including light, medium and heavy varieties, were the only category which saw a production output and sales increase in 2024.

 

THREE-WHEELERS

Strong demand for passenger carriers is reflected in the three-wheeler varieties as well, as the category drove the segment's growth in 2024. Companies manufactured 1.03 million three-wheelers in 2024, up 5.2% from a year before. Out of this, they sold 728,670 units to dealers in India, up 6.8%.

 

Companies sold 298,235 three-wheelers to dealers abroad in 2024, up 2.2% on year. The growth of three-wheeler exports typically trails domestic sales as many markets do not permit the usage of three-wheelers.

 

In 2024, demand for electric three-wheelers saw some moderation as e-rickshaw sales in India fell to 20,122 units from 35,345 units in 2023. In December, e-rickshaw sales fell to 1,098 units from 2,147 the year before.

 

Sales of quadricycles continued to dwindle in India but found robust favour elsewhere. In India, despatches of quadricycles fell to 216 units in 2024 from 909 units in 2023. Companies exported 6,926 quadricycles in 2024, up 83% on year.

 

The Society of Indian Automobile Manufacturers detailed domestic vehicle sales figures for December as follows:

Segment	Dec-24	Nov-24	Dec-23	Year-on-year change (in %)
Passenger vehicles	270,704	347,522	242,920	11.4
Passenger cars	87,265	97,186	75,544	15.5
Utility vehicles	171,761	192,684	157,339	9.2
Vans	11,678	10,589	10,037	16.3
Two-wheelers	1,105,565	1,604,749	1,212,238	-8.8
Scooters	418,665	568,580	405,546	3.2
Motorcycles	653,808	990,246	768,402	-14.9
Mopeds	33,092	45,923	38,290	-13.6
Three-wheelers	52,733	59,350	50,947	3.5
Quadricycles	5	0	22	-77.3

* Data does not include sales numbers of BMW, Mercedes, Jaguar Land Rover, and Volvo Auto. Tata Motors domestic sales data for September included only in ‘Total PV', detailed break-up is not available.

 

The Society of Indian Automobile Manufacturers detailed domestic vehicle production figures for December as follows:

Segment	Dec-24	Nov-24	Dec-23	Year-on-year change (in %)
Passenger vehicles	320,476	351,499	293,344	9.2
Passenger cars	116,519	123,171	109,812	6.1
Utility vehicles	191,169	217,137	173,106	10.4
Vans	12,788	11,191	10,426	22.7
Two-wheelers	1,527,129	1,978,009	1,535,872	-0.6
Scooters	467,703	618,170	442,576	5.7
Motorcycles	1,024,597	1,312,717	1,053,061	-2.7
Mopeds	34,829	47,122	40,235	-13.4
Three-wheelers	72,823	76,997	67,665	7.6
Quadricycles	840	846	360	133.3

* Data does not include sales numbers of BMW, Mercedes, Jaguar Land Rover, and Volvo Auto. Tata Motors domestic sales data for September included only in ‘Total PV', detailed break-up is not available.

 

The Society of Indian Automobile Manufacturers detailed domestic vehicle sales figures for Oct-Dec as follows:

Segments	Oct-Dec 2024	Oct-Dec 2023	Year-on-year change (in%)
Passenger vehicles	1,058,145	1,012,285	4.5
Passenger cars	316,417	344,173	-8.1
Utility vehicles	705,357	632,526	11.5
Vans	36,371	35,586	2.2
Two-wheelers	4,874,590	4,731,436	3
Scooters	1,708,445	1,504,467	13.6
Motorcycles	3,034,750	3,092,035	-1.9
Mopeds	131,395	134,934	-2.6
Three-wheelers	188,853	188,434	0.2
Quadricycles	9	166	-94.6
Commercial vehicles	238,050	235,262	1.2

* Data does not include sales numbers of BMW, Mercedes, Jaguar Land Rover, Volvo Auto, Daimler, JBM Auto and Scania.

 

The Society of Indian Automobile Manufacturers detailed domestic vehicle sales figures for 2024 as follows:

Segments	2024	2023	Year-on-year change (in%)
Passenger vehicles	4,274,793	41,01,600	4.2
Passenger cars	1,371,068	1,601,873	-14.4
Utility vehicles	2,749,932	2,353,605	16.8
Vans	153,793	146,122	5.2
Two-wheelers	19,543,093	17,075,432	14.5
Scooters	6,675,231	5,574,542	19.7
Motorcycles	12,352,712	11,034,166	11.9
Mopeds	515,150	466,724	10.4
Three-wheelers	728,670	682,428	6.8
Quadricycles	216	909	-76.2
Commercial vehicles	951,991	978,761	-2.7

* Data does not include sales numbers of BMW, Mercedes, Jaguar Land Rover, Volvo Auto, Daimler, JBM Auto and Scania.

 

End

 

Edited by Saji George Titus

 

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