September 2024 saw total domestic sales of 3,15,689 passenger vehicles and 20,25,993 two-wheelers. PV sales saw a YoY dip, while two-wheelers saw a healthy growth compared to September 2023. For reference, 3,16,908 PVs were sold in September 2023 while two-wheeler domestic sales accounted for 17,49,794 units last year.
In the two-wheeler category, motorcycles and scooters saw an increase in domestic sales compared to September 2023. Scooter sales accounted for 6,72,414 units while motorcycle sales accounted for 12,98,610 units in September 2024.
In an official statement, Commenting on the Q2 2024-25 performance, Shailesh Chandra, President, SIAM said, “The overall Indian automobile industry remained strong in Q2 2024-25 with 8.9% growth compared to Q2 2023-24. Two and Three-Wheelers continued to post strong growth of 12.6% and 6.6% respectively, while Passenger Vehicles and Commercial Vehicles posted some degrowth in Q2 of 2024-25 compared to 2023-24.”
He added, “ Heavy rainfall in key states and almost the entire ‘Shradh’ period falling in the month of September, did impact the sales numbers of some of the segments. With the rains easing and continued infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate healthy demand in the next quarter.”
Commenting on the Q2 2024-25 performance, Rajesh Menon, Director General, SIAM said, “Although Passenger Vehicle segment de-grew by (-) 1.8% in Q2 of 2024-25 as compared to Q2 of last year, for the 3rd time it crossed the 1 million marks in Q2, posting a sale of 1.06 million units. Two-Wheelers posted sales of 5.18 million units in Q2 for FY 24-25 as compared 4.60 million units in Q2 of last year. Three-Wheelers posted the highest ever sales of Q2 with 2.09 Lakh Units. Commercial Vehicles posted a degrowth of (-) 11% in Q2 of 2024-25 as compared to Q2 of last year, with sales of 2.21 Lakh units.”
