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Informist, Thursday, Feb. 13, 2025

 

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--SIAM: India Jan passenger vehicle sales 399,386 units, up 1.6% on year 
--SIAM: India Jan 2-wheeler sales 1.53 mln units, up 2.1% on year 
--SIAM: India Jan scooter sales 548,201 units, up 12.4% on year 
--SIAM: India Jan motorcycle sales 936,145 units, down 3.1% on year 
--SIAM: India Jan 3-wheeler sales 58,167 units, up 7.7% on year 
--SIAM: Jan total vehicle exports at 462,500 units, up 40.2% on year 
--SIAM: Jan passenger vehicle output 433,550 units, up 3.7% on year 
--SIAM: Jan 2-wheeler output 2.02 mln units, up 10.3% on year 
--SIAM: Jan 3-wheeler output 90,305 units, up 16.2% on year 

 

MUMBAI – Demand for automobiles remained tepid in January as domestic wholesale sales grew at a modest 2.5% year-on-year, data from the Society of Indian Automobile Manufacturers showed Thursday. While domestic despatches remained muted, exports continued to go from strength to strength across segments, the data showed.

 

Domestic passenger vehicle despatches increased by a paltry 1.6% on year to 399,386 units in January. SIAM said this was the highest-ever sales registered by the segment in January. Demand for small cars remained flat while utility vehicles grew in January, a trend carried forward from the year before.

Despatches of passenger cars in India in January was 127,065, largely unchanged from the year before. Companies reduced their production of passenger cars, with output in January declining 8.2% on year to 157,300 units. Exports of passenger cars in January too fell, as companies exported 25,990 units, nearly 13% lower than a year ago. 

 

Utility vehicles continued to shine within the passenger vehicle category in India, as sales to dealers in January rose to 212,995 units, up 6% from a year before. Given the increased demand, companies made more utility vehicles in the first month of 2025. Production of utility vehicles jumped 13.1% on year to 263,971 units. Exports of utility vehicles zoomed nearly 62% on year to 30,457 units. 

 

Despatches of vans, which account for just about 3% of overall passenger vehicle sales, fell 6.4% on year in January to 11,250 units. Production fell by a similar quantum on year to 12,279 units. Exports of vans in January nearly doubled from the comparable period to 1,138 units.  

 

TWO-WHEELERS

The growth in overall two-wheeler sales to dealers in January was the lowest among the three segments – passenger vehicles, three-wheelers and two-wheelers. Despatches of two-wheelers grew 2.1% to 1.53 million units. The slowdown was driven by a contraction in motorcycle sales even as scooters grew in double digits. 

 

Scooter wholesales in India increased 12.4% on year to 548,201 units in January. Companies manufactured 622,502 scooters in January, just over 14% more compared to a year ago. Exports of scooters grew nearly 24% on year in January to 44,875 units. On the other hand, despatches of motorcycles dropped 3.1% on year to 936,145 units in January, even as its production increased 8.5% on year to 1.35 million units. Exports of motorcycles galloped nearly 50% on year to 335,353 units.

 

The growth in export of two-wheelers was led by companies such as Bajaj Auto Ltd., Hero MotoCorp Ltd., India Yamaha Motor Pvt. Ltd., Eicher Motors Ltd. (Royal Enfield), Suzuki Motorcycle India Pvt. Ltd., and Triumph Motorcycles India Pvt. Ltd.

 

Moped wholesales in January fell marginally on year to 41,872 units, while its production increased 12.4% on year to 46,770 units. TVS Motor, the only company that sells mopeds in India, exported 300 units in January, compared to nil in January last year.

 

THREE-WHEELERS

The three-wheeler segment accounted for less than 4% of the overall automobile sales recorded in January, including exports. Companies sold 58,167 three-wheelers to dealers in January, up 7.7% year-on-year. Production of three-wheelers grew 16.2% on year to 90,305 units, while its exports grew by 19.4% in January, to 23,859 units.

 

Wholesale sales of passenger carriers, which form the lion's share, grew 10.4% on year to 46,674 units in January while its production grew far quicker at 21.5% to 78,467 units. Exports of passenger carriers grew nearly 21% on year to 23,686 units in January.

 

In India, wholesale sales of goods carriers in January remained fairly flat at 10,029 units while exports tumbled nearly 54% to 173 units. Production of goods carriers grew 5.6% on year to 10,573 units. In the same month, despatches of e-rickshaws fell nearly 21% on year to 1,002 units. Production of electric rickshaws fell nearly 70% on year to 780 units.

 

Despatches of quadricycles in India, done only by Bajaj Auto, fell 97% in January to just one unit, from 33 in the corresponding month last year. However, exports shot up nearly 42% on year to 528 quadricycles. The company made around 467 quadricycles in January, down 21% year-on-year. 

 

APR-JAN

Companies sold 20.7 million units in Apr-Jan to dealerships, up 9% on year. The growth in two-wheelers and three-wheelers offset some of the weakness in passenger vehicles. Exports grew at a faster clip than domestic wholesales in the first 10 months of the financial year.

 

Passenger vehicle sales in Apr-Jan grew 2% to 3.49 million units, while exports expanded 14.4% on year to 635,673 units. Production of passenger vehicles increased 2.6% year to 4.08 million units in Apr-Jan. The uptick in demand for utility vehicles offset the weakness in passenger cars in the first 10 months. 

 

Companies sold 16.6 million two-wheelers to dealers in India in Apr-Jan, up nearly 11%. The growth was driven by a nearly 19% increase in scooter wholesales to 5.75 million units during the period. Motorcycle despatches in Apr-Jan grew nearly 7% on year to 10.4 million units. The overall two-wheeler exports grew 22.8% in Apr-Jan to 3.44 million units. The two-wheeler production in Apr-Jan increased by about 13% to 20.06 million units. 

 

Wholesale sales of three-wheelers grew 6.5% on year to 620,819 units in Apr-Jan, while exports grew by about 1% to 251,982 units. Production of three-wheelers largely kept pace with the overall growth as companies made 879,549 units in Apr-Jan, up 5.2% on year. 

 

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

Segment	Jan-25	Dec-24	Jan-24	Year-on-year change (in %)
Passenger vehicles	399,386	270,704	393,074	1.6
Passenger cars	127,065	87,265	126,505	0.4
Utility vehicles	212,995	171,761	200,917	6.0
Vans	11,250	11,678	12,019	-6.4
Two-wheelers	1,526,218	1,105,565	1,495,183	2.1
Scooters	548,201	418,665	487,534	12.4
Motorcycles	936,145	653,808	965,613	-3.1
Mopeds	41,872	33,092	42,036	-0.4
Three-wheelers	58,167	52,733	53,991	7.7
Quadricycles	1	5	33	-97

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

 

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

Segment	Jan-25	Dec-24	Jan-24	Year-on-year change (in %)
Passenger vehicles	433,550	320,476	417,948	3.7
Passenger cars	157,300	116,519	171,437	13-8.2
Utility vehicles	263,971	191,169	233,373	13.1
Vans	12,279	12,788	13,138	-6.5
Two-wheelers	2,022,321	1,527,129	1,832,663	10.3
Scooters	622,502	467,703	544,342	14.4
Motorcycles	1,353,049	1,024,597	1,246,701	8.5
Mopeds	46,770	34,829	41,620	12.4
Three-wheelers	90,305	72,823	77,726	16.2
Quadricycles	467	840	594	-21.4

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

 

Reported by Anand JC

Edited by Saji George Titus

 

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