SIAM President Remarks on Feb 2024 Auto Sales Data

Commenting on sales performance, Mr Rajesh Menon, Director General, SIAM said, “Passenger Vehicles again reported its highest ever sales of February posting sales of 3.7 Lakh units with a growth of 10.8%, compared to February 2023.

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Mr Vinod Aggarwal, President, SIAM

Mr Vinod Aggarwal, President, SIAM

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Commenting on sales data of February 2024, Mr Vinod Aggarwal, President, SIAM said, “Passenger Vehicles, Two-Wheelers, and Three-Wheelers have posted growth in February 2024 compared to the previous year, while Commercial Vehicles have witnessed a slight de-growth. Overall robust GDP growth of the country in Q3 of 2023-24 has helped the Auto Sector. The Bharat Mobility Global Expo 2024 held in February 2024, graced by the Hon’ble Prime Minister, has also created a strong positive sentiment for the consumers and therefore the Industry expects the growth momentum to continue.”

Commenting on February 2024 sales performance, Mr Rajesh Menon, Director General, SIAM said, “Passenger Vehicles again reported its highest ever sales of February posting sales of 3.7 Lakh units with a growth of 10.8%, compared to February 2023. Three-Wheelers also reported moderate growth of 8.3% posting sales of about 0.55 Lakh units in February 2024. Two Wheelers posted an appreciable growth of 34.6% compared to February 2023 posting sales of 15.2 Lakh units.”

Domestic Sales: Monthly

Category

Domestic Sales (In Nos.)

Segment/Subsegment

February

2023

2024

Total Passenger Vehicles3

3,34,790

3,70,786

Three Wheelers

Passenger Carrier

38,777

42,582

Goods Carrier

8,711

10,013

E-Rickshaw

2,615

1,509

E-Cart

279

480

Total Three Wheelers

50,382

54,584

Two Wheelers

Scooter/ Scooterettee

3,91,054

5,15,340

Motorcycle/Step-Throughs

7,03,261

9,64,362

Mopeds

35,346

41,059

Total Two Wheelers

11,29,661

15,20,761

Quadricycle

107

36

Auto Sales Data SIAM