The Society of Indian Automobile Manufacturers (SIAM) has released the auto industry’s sales numbers for September 2024. Last month the Indian auto industry collectively sold 24,62,431 units witnessing a 12.6 per cent year-on-year growth compared to 21,86,270 vehicles sold in September 2023. However, this growth was mainly led by strong two- and three-wheeler sales, at 15.8 and 6.7 per cent growth respectively. At the same time, the passenger vehicle segment saw a decline of 1.4 per cent.
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In September 2024, total passenger vehicle sales stood at 3,56,752 units as against 3,61,717 sold during the same month in 2023. In comparison, total two-wheeler sales stood at 20,25,993 units, compared to 17,49,794 units sold a year before. Three-wheeler sales for the period stood at 79,683 vehicles. At the same time, Quadricycle sales fell a massive 97 per cent to 3 units compared to 88 units sold in September 2023.
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Commenting on the Q2 2024-25 performance, Shailesh Chandra, President, SIAM said, “The overall Indian automobile industry remained strong in Q2 2024-25 with 8.9 per cent growth compared to Q2 2023-24. Two and Three-Wheelers continued to post strong growth of 12.6 per cent and 6.6 per cent respectively, while Passenger Vehicles and Commercial Vehicles posted some degrowth in Q2 of 2024-25 compared to 2023-24.
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The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycle in September 2024 stood at 27,73,039 units.
