September 2024 Indian Car Sales

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September 2024 Indian Car Sales

Top 10 Selling Cars: September 2024



Manufacturers' Market Share: September 2024



Citroën September 2024 Indian Car Sales



Honda September 2024 Indian Car Sales



Hyundai September 2024 Indian Car Sales



Jeep September 2024 Indian Car Sales



Kia September 2024 Indian Car Sales



Mahindra September 2024 Indian Car Sales



Maruti Suzuki September 2024 Indian Car Sales



Morris Garages September 2024 Indian Car Sales



Nissan September 2024 Indian Car Sales



Renault September 2024 Indian Car Sales



Skoda September 2024 Indian Car Sales



Tata Motors September 2024 Indian Car Sales



Toyota September 2024 Indian Car Sales


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Volkswagen September 2024 Indian Car Sales

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FADA Vehicle Retail Data: September 2024























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Press Release:

7th October’24, New Delhi, INDIA: The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for September'24.

September’24 Retails

FADA President, Mr. C S Vigneshwar, shared his perspective on the auto retail performance for September 2024, stating, “The 2024 southwest monsoon recorded 8% above-normal rainfall—the highest in four years—which has boosted Kharif sowing by 1.5% YoY. This increase in agricultural productivity has positively impacted rural demand and economic sentiment. Despite the onset of festivals such as Ganesh Chaturthi and Onam, Dealers have reported that the performance has been largely stagnant. This suggests that overall market sentiment during these festive periods has been underwhelming, with a trend leaning towards flat or negative growth. The Shraddh period further impacted sales negatively, leading to a YoY decline in retail sales across various categories.

Discounts and offers have been introduced across segments to stimulate demand, but these have yet to translate into a significant improvement in sales. September saw a decline in overall retail sales, dropping by 9.26% YoY. Except for 3W and Trac, which grew by 0.66% and 14.69% YoY respectively, other categories such as 2W, PV and CV fell by 8.51%, 18.81%, and 10.45% YoY, respectively. The 2-wheeler sales declined by 10% MoM and 8.5% YoY due to low consumer sentiment, poor inquiries, and reduced walk-ins. Seasonal factors like the Shraddh period, Pitrapaksha, and heavy rains further impacted demand, resulting in delayed purchases and a subdued market environment.

The 3W sales showed marginal growth of 0.99% MoM and 0.66% YoY, driven by positive customer engagement and increasing demand for e-rickshaw options. However, overall demand remained subdued as many customers deferred purchases in anticipation of the upcoming festive season and heavy rains impacted walk-ins and sales activity. CV sales increased by 1.46% MoM but declined by 10.45% YoY, reflecting mixed performance. While there was positive sentiment and marginal growth in regions supported by infrastructure projects, overall demand remained weak due to low government spending, extended monsoon delays and seasonal challenges. Despite some improvement in fleet purchases, the market conditions remain subdued.

In the PV category, sales plummeted by 10.8% MoM and 18.81% YoY, signalling an alarming trend of declining consumer demand and deteriorating market sentiment. Seasonal factors such as Shraddh and Pitrapaksha, coupled with heavy rainfall and a sluggish economy, have exacerbated the situation, leaving Dealers with historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore. Given the critical festive season around the corner, FADA urges OEMs to take immediate corrective measures to avoid a financial setback. FADA also calls on the Reserve Bank of India to issue an advisory to banks, mandating stricter channel funding policies based only on Dealer consent and on actual collateral, to prevent Dealers from facing additional financial pressure due to unsold stock. This is the final opportunity for PV OEMs to recalibrate and support market recovery before it's too late!”

Near-Term Outlook

The near-term outlook for Automobile Retail is cautiously optimistic as both Navratri and Diwali fall in the same month, creating strong expectations for a surge in vehicle sales. With healthy water levels in reservoirs and improved crop yields supporting rural demand, the festive season is expected to drive a substantial boost in 2W, PV, and Trac sales with new launches been planned for the month. However, the PV segment faces a critical situation due to high inventory levels at dealerships. If sales do not pick up as expected in October, Dealers could face significant financial pressure from unsold stock piling up in their warehouses.

While Dealers and OEMs are betting on robust festive sales, especially in rural markets where positive cash flow and better agricultural conditions are expected to spur demand, the outcome remains uncertain. A successful October is essential to clear out excess inventory and set a positive growth trajectory for the remainder of FY25. With rising inquiries and optimistic Dealer sentiments, the outlook leans towards optimism, but high stakes and dependency on October’s performance warrant a cautious approach. If the anticipated sales do not materialize, it could shift the outlook to pessimistic, putting Dealers as well as OEMs in a difficult position heading into the new year.

Key Findings from our Online Members Survey

§ Liquidity
o Neutral 49.11%
o Bad 28.83%
o Good 22.06%

§ Sentiment
o Neutral 44.13%
o Good 30.60%
o Bad 25.27%

§ Expectation from October’24
o Growth 66.55%
o Flat 22.06%
o De-growth 11.39%

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SIAM Sales Summary Report: September 2024







































































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Press Release:

Monthly Performance: September 2024

Production: The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers, and Quadricycle in September 2024 was 27,73,039 units

Domestic Sales:

• Passenger Vehicles2 sales were 3,56,752 units in September 2024.

• Three-wheeler sales were 79,683 units in September 2024

• Two-wheeler sales were 20,25,993 units in September 2024.

Performance: July-September 2024

Production: The total production of Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in July-September 2024 was 80,73,564 units

Domestic Sales:

• Passenger Vehicles3 sales were 10,55,137 units in July-September 2024.

• Commercial Vehicles4 sales were 2,20,643 units in July-September 2024.

• Three-wheeler sales were 2,08,718 units in July-September 2024.

• Two-wheeler sales were 51,79,349 units in July-September 2024.

Performance: April-September 2024

Production: The total production of Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in April-September 2024 was 1,56,22,388 units

Domestic Sales:
• Passenger Vehicles3 sales were 20,81,143 units in April-September 2024.

• Commercial Vehicles4 sales were 4,45,004 units in April-September 2024.

• Three-wheeler sales were 3,73,799 units in April-September 2024.

• Two-wheeler sales were 1,01,64,980 units in April-September 2024.

Commenting on the Q2 2024-25 performance, Mr Shailesh Chandra, President, SIAM said, “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. With the rains easing and continued infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate healthy demand in the next quarter.”

Commenting on the Q2 2024-25 performance, Mr Rajesh Menon, Director General, SIAM said, “Although Passenger Vehicle segment de-grew by (-) 1.8% in Q2 of 2024-25 as compared to Q2 of last year, for the 3rd time it crossed the 1 million mark in Q2, posting a sales of 1.06 million units. Two-Wheelers posted sales of 5.18 million units in Q2 for FY 24-25 as compared 4.60 million units in Q2 of last year. Three-Wheelers posted the highest ever sales of Q2 with 2.09 Lakh Units. Commercial Vehicles posted a degrowth of (-) 11% in Q2 of 2024-25 as compared to Q2 of last year, with sales of 2.21 Lakh units.”

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