April Passenger vehicle sales see slight growth Y-o-Y with 3,35,629 units: SIAM

Total passenger vehicles sales in the domestic market grew marginally by 1.3 per cent year-on-year in April to 3,35,629 units as compared with 3,31,278 units in the corresponding month last year.

The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in April 2024 was 23,58,041 units, Society of Indian Automobile Manufacturers (SIAM) said.

Domestic sales of passenger vehicles in April 2024 were at 3,35,629 units which observed a change of 1.3% Y-o-Y. Three-wheelers observed sales of 49,116 units indicating an increase of 14.5% Y-o-Y.

Two-wheelers stood at 17,51,393 units in April 2024 which indicates a growth of 30.8% Y-o-Y and Quadricycles sales declined 68.9% to19 units, SIAM stated in a media release.

BMW, Mercedes-Benz, JLR and Volvo Auto data are not available. Only Tata Motors domestic sales figures are included in this document, the release said.

Commenting on sales data of April 2024, Mr Vinod Aggarwal, President, SIAM said, “Year 2024-25 has started on a reasonably good note for the Auto industry, as 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.”

Mr Rajesh Menon, Director General, SIAM said, “Passenger Vehicles continues the highest ever monthly sales trend with 3.36 Lakh units, though with a marginal growth of 1.3%, in the month of April 2024, as compared to April 2023. Continuing with the trends of Q4 of 2023-24, Two-Wheelers reported significant growth of 30.8% in April 2024, compared to April 2023, posting sales of about 17.5 lakh units while the Three-Wheeler segment also reported sales of about 0.49 Lakh units, with a growth of 14.5% in April 2024, compared to April 2023.”