The Society of Indian Automobile Manufacturers (SIAM) has released its latest report on the Indian automotive industry's performance for September 2024 and the July-September quarter of 2024-25, revealing a mixed picture across different vehicle segments.
In September 2024, the industry produced a total of 27,73,039 units across all categories. Passenger vehicle sales reached 3,56,752 units, while three-wheeler and two-wheeler sales stood at 79,683 and 20,25,993 units respectively.
For the July-September 2024 quarter, total production hit 80,73,564 units. Passenger vehicle sales were 10,55,137 units, commercial vehicles sold 2,20,643 units, three-wheelers reached 2,08,718 units, and two-wheelers dominated with 51,79,349 units sold.
Looking at the broader April-September 2024 period, the industry's total production was 1,56,22,388 units. Passenger vehicle sales totalled 20,81,143 units, commercial vehicles reached 4,45,004 units, three-wheelers sold 3,73,799 units, and two-wheelers led with 1,01,64,980 units.
Speaking on the occasion of the latest sales result, Shailesh Chandra, President, SIAM, noted, “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.”
“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,” he further added.
