The latest data from SIAM indicates that auto sales may have hit a slower patch in April, especially passenger vehicles. According to SIAM, 3,35,629 PVs were sold in April. This is barely 1% more than 3,31,278 vehicles sold last April. The April PV sales is also slightly lower than the 3,68,086 units sold in March this year. The two-wheeler sales of course remained buoyant in sync with the overall recovery seen in the segment.
Within the passenger vehicle segment, UVs saw maximum traction accounting for sales of 1,79,329 units from 1,48,005 sold in April 2023, up 21.16% YoY. Overall exports saw improvement in the PV segment up over 20% YoY at 49,563 vehicles compared to 40,940 units exported in last April.
| Category | Domestic Sales (In Nos.) | ||
| Segment/Subsegment | April | ||
| 2023 | 2024 | % Change | |
| Total Passenger Vehicles3 | 3,31,278 | 3,35,629 | 1.3% |
| Three Wheelers | |||
| Passenger Carrier | 34,608 | 38,725 | 11.9% |
| Goods Carrier | 5,367 | 8,818 | 64.3% |
| E-Rickshaw | 2,591 | 1,308 | -49.5% |
| E-Cart | 319 | 265 | -16.9% |
| Total Three Wheelers | 42,885 | 49,116 | 14.5% |
| Two Wheelers | |||
| Scooters | 4,64,389 | 5,81,277 | 25.2% |
| Motorcycles | 8,39,274 | 11,28,192 | 34.4% |
| Mopeds | 34,925 | 41,924 | 20.0% |
| Total Two Wheelers | 13,38,588 | 17,51,393 | 30.8% |
| Quadricycle | 61 | 19 | -68.9% |
April two-wheeler sales came in at 17,51,393 units, up 30.8% YoY from 13,38,588 two-wheelers sold in April 2023. On a month-on-month comparison, two-wheeler sales are up 17.7% from 14,87,579 units sold in March 2024.
Vinod Aggarwal, President, SIAM said, “All the segments have posted growth in April 2024, compared to April 2023, driven by positive consumer sentiments and festivities in this month. Above normal monsoon rainfall, policy continuity post-elections and Government’s push on manufacturing and infrastructure would propel the overall economic growth which would help in continuing the Auto sector’s growth trajectory.”
