Hyundai Motor India's dispatches decreased slightly to 48,246 units in November 2024, down from 49,451 units in the same month the previous year.India's automotive industry witnessed mixed results in November 2024, according to the Society of Indian Automobile Manufacturers (SIAM). Passenger vehicle dispatches increased, while two-wheeler and three-wheeler segments experienced slight declines compared to November 2023. The growth in passenger vehicles indicates sustained demand post the festive season in October.
“The demand momentum which was seen in October during the festive period has continued in November for the industry as a whole, although two-wheeler and three-wheeler segments witnessed minor de-growth in November 2024,” stated Rajesh Menon, Director General, SIAM.
| Category |
|
Domestic Sales |
|
|
Exports |
|
| Segment/Subsegment |
|
November |
|
|
November |
|
|
2023 |
2024 |
% Change |
2023 |
2024 |
% Change |
| Passenger Vehicles* |
|
|
|
|
|
|
| Passenger Cars |
1,02,558 |
97,186 |
-5.2% |
36,223 |
34,259 |
-5.4% |
| Utility Vehicles |
1,74,981 |
1,92,684 |
10.1% |
17,499 |
25,711 |
46.9% |
| Vans |
10,226 |
10,589 |
3.5% |
459 |
581 |
26.6% |
| Total Passenger Vehicles |
2,87,765 |
3,00,459 |
4.4% |
54,181 |
60,551 |
11.8% |
| Three Wheelers |
|
|
|
|
|
|
| Passenger Carrier |
48,007 |
47,725 |
-0.6% |
25,686 |
23,148 |
-9.9% |
| Goods Carrier |
9,281 |
9,809 |
5.7% |
460 |
291 |
-36.7% |
| E-Rickshaw |
2,563 |
1,527 |
-40.4% |
- |
- |
: |
| E-Cart |
292 |
289 |
-1.0% |
- |
- |
|
| Total Three Wheelers |
60,143 |
59,350 |
-1.3% |
26,146 |
23,439 |
-10.4% |
| Two Wheelers |
|
|
|
|
|
|
| Scooters |
5,09,119 |
5,68,580 |
11.7% |
40,381 |
44,964 |
11.3% |
| Motorcycles |
10,70,798 |
9,90,246 |
-7.5% |
2,37,797 |
3,16,425 |
33.1% |
| Mopeds |
43,482 |
45,923 |
5.6% |
36 |
768 |
2033.3% |
| Total Two Wheelers |
16,23,399 |
16,04,749 |
-1.1% |
2,78,214 |
3,62,157 |
30.2% |
| Quadricycle |
63 |
- |
- |
300 |
720 |
140.0% |
| Grand Total |
19,71,370 |
19,64,558 |
-0.3% |
3,58,841 |
4,46,867 |
24.5% |
Passenger vehicle dispatches to dealerships grew by 4% year-over-year, reaching 347,522 units in November 2024, compared to 333,833 units in November 2023. This marks the highest-ever November sales for passenger vehicles.
Maruti Suzuki India, the market leader, saw a 5% increase in dispatches, sending 141,312 units to dealers last month, up from 134,158 units in November 2023.
Hyundai Motor India's dispatches decreased slightly to 48,246 units in November 2024, down from 49,451 units in the same month the previous year.
Mahindra & Mahindra experienced significant growth, with dispatches reaching 46,222 units in November 2024, a 16% increase compared to 39,981 units in November 2023.
“Passenger vehicles posted their highest ever sales of November in 2024 of 3.48 lakh units, with a growth of 4.1% as compared to November 2023. Though the Diwali festival did not fall in the month of November in 2024, the two-wheeler segment posted sales of 16.05 lakh units, crossing the 16 lakh units mark for the first time in a non-Diwali November,” he added.
Two-wheeler and three wheeler sales
Two-wheeler wholesales saw a 1% year-over-year decline, totaling 1,604,749 units in November 2024, compared to 1,623,399 units in November 2023.
Within the two-wheeler segment, scooter sales increased by 12% to 568,580 units. Motorcycle dispatches, however, decreased by 7.5% to 990,246 units.
Moped wholesales saw a 6% year-over-year increase, reaching 45,923 units in November 2024, compared to 43,482 units in November 2023.
Three-wheeler dispatches also declined by 1% year-over-year, totaling 59,350 units in November 2024.
