India - Automotive Sales volume, 2024

Flash report, March 2024

Apr 17, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

Indian passenger vehicle sales increase by 8.9% in March 2024
Indian passenger vehicle sales in March 2024 were up 8.9% y/y to 317,976 units.
Based on the release of carmakers in March, the available sales results of PVs are as follows:
Maruti-Suzuki sales of 156,330 units increased 14.3% in March compared to the same month in 2023. Tata sales of 90,822 units increased 1.6% from last year. Mahindra sales of 58,244 units increased 2.5% from last year. Hyundai sales of 53,001 units increased 4.7% from last year. Toyota sales of 25,119 units increased 34.5% in March compared to the same month in 2023. Honda sales of 7,071 units increased 5.7% from the same month last year. Kia sales of 21,400 units decreased 0.5% from last year.
Vehicle sales from January to March 2024 were up 8.2% y/y to 1,403,872 units.
PVs (passenger vehicle, UV and van) sales were up 11.5% to 1,135,501 units (excludes BMW, Mercedes-Benz and Volvo Cars). CVs (M&HCVs and LCVs) sales were down 3.9% to 268,371 units (excludes Daimler and Scania).

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India - New Vehicle Sales

By type

Type	Mar. 2024	Y-o-Y	Jan .2024-Mar. 2024	Y-o-Y
Passenger Vehicles (Including UVs/MPVs)	317,976	8.9%	1,135,501	11.5%
Commercial Vehicles	N/A	-%	268,371	-3.9%
Grand Total	N/A	-%	1,403,872	8.2%

Source:Various media reports
March data and January-March data for passenger cars does not include BMW, Mercedes-Benz, Volvo.
March data does not include Tata.
March data for commercial vehicles is not available. January-March data does not include Daimler or Scania.

India - New Vehicle Sales by major Makers (excluding export sales)

Make	Mar. 2024	Mar. 2023	Y-o-Y
Maruti Suzuki	156,330	136,787	14.3%
Tata	90,822	89,351	1.6%
Mahindra & Mahindra	58,244	56,810	2.5%
Hyundai	53,001	50,600	4.7%
Toyota	25,119	18,670	34.5%
Honda	7,071	6,692	5.7%
Kia	21,400	21,501	-0.5%

Source: Releases by each company

Flash report, February 2024

Mar 13, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

Indian passenger vehicle sales increase by 9.5% in February 2024
Indian passenger vehicle sales in February 2024 were up 9.5% y/y to 319,519 units.
Based on the release of carmakers in February, the available sales results of PVs are as follows:
Maruti-Suzuki sales of 163,397 units increased 8.3% in February compared to the same month in 2023. Tata sales of 84,834 units increased 8.8% from last year. Mahindra sales of 62,326 units increased 24.4% from last year. Hyundai sales of 50,201 units increased 6.8% from last year. Toyota sales of 25,220 units increased 60.8% in February compared to the same month in 2023. Honda sales of 7,142 units increased 17.4% from the same month last year. Kia sales of 20,200 units decreased 17.9% from last year.

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India - New Vehicle Sales


By type

Type	Feb. 2024	Feb. 2023	Y-o-Y
Passenger Vehicles (Including UVs/MPVs)	319,519	291,928	9.5%
Commercial Vehicles	N/A	N/A	-%
Grand Total	N/A	N/A	-%

Source:Various media reports
Data for passenger cars does not include BMW, Mercedes-Benz, Volvo, Tata.
Commercial vehicles will be updated every 3 months.

India - New Vehicle Sales by major Makers (excluding export sales)

Make	Feb. 2024	Feb. 2023	Y-o-Y
Maruti Suzuki	163,397	150,823	8.3%
Tata	84,834	78,006	8.8%
Mahindra & Mahindra	62,326	50,114	24.4%
Hyundai	50,201	47,001	6.8%
Toyota	25,220	15,685	60.8%
Honda	7,142	6,086	17.4%
Kia	20,200	24,600	-17.9%

Source: Releases by each company

Flash report, January 2024

Feb 15, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

Indian passenger vehicle sales increase by 13.9% in January 2024
Indian passenger vehicle sales in January 2024 (excluding BMW, Mercedes-Benz, Volvo Cars, and Tata) were up 13.9% y/y to 339,441 units.
Based on the release of carmakers in January, the available sales results of PVs and CVs are as follows:
Maruti-Suzuki sales of 170,214 units increased 12.5% in January compared to the same month in 2023.
Tata sales of 84,276 units increased 5.8% from last year.
Mahindra sales of 64,223 units increased 19.3% from last year.
Hyundai sales of 57,115 units increased 14.0% in January compared to the same month in 2023.
Toyota sales of 24,609 units increased 91.7% in January compared to the same month in 2023.
Honda sales of 8,681 units increased 11.0% from the same month last year.
Kia sales of 23,769 units decreased 17.0% from last year.

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India - New Vehicle Sales

By type

Type	Jan. 2024	Jan. 2023	Y-o-Y
Passenger Vehicles (Including UVs/MPVs)	339,441	298,093	13.9%
Commercial Vehicles	N/A	N/A	-%
Grand Total	N/A	N/A	-%

Source:Various media reports
Data for passenger cars does not include BMW, Mercedes-Benz, Volvo, Tata.
Commercial vehicles will be updated every 3 months.

India - New Vehicle Sales by major Makers (excluding export sales)

Make	Jan. 2024	Jan. 2023	Y-o-Y
Maruti Suzuki	170,214	151,367	12.5%
Tata	84,276	79,681	5.8%
Mahindra & Mahindra	64,223	53,816	19.3%
Hyundai	57,115	50,106	14.0%
Toyota	24,609	12,835	91.7%
Honda	8,681	7,821	11.0%
Kia	23,769	28,634	-17.0%

Source: Releases by each company

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