SIAM releases industry performance data for Feb '24.

March 12, 2024
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New Delhi March 12, 2024: Society of Indian Automobile Manufacturers (SIAM) released the Auto Industry Sales Performance data for the month of February 2024. The total production of Passenger Vehicles1, Three Wheelers, Two Wheelers, a Quadricycle in February 2024 was 22,94,411 units

DomesticSales:

  • Passenger Vehicles2 sales were 3,70,786 units in February 2024.
  • Three-wheeler sales were 54,584 units in February 2024
  • Two-wheeler sales were 15,20,761 units in February 2024.

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 report 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.”

The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in Dec 2023 was 18,96,696 units.

CategoryDomestic Sales (In Nos.)
Segment/SubsegmentFebruary
20232024



Total Passenger Vehicles33,34,7903,70,786



Three Wheelers

Passenger Carrier38,77742,582
Goods Carrier8,71110,013
E-Rickshaw2,6151,509
E-Cart279480
Total Three Wheelers50,38254,584
Two Wheelers

Scooter/ Scooterettee3,91,0545,15,340
Motorcycle/Step-Throughs7,03,2619,64,362
Mopeds35,34641,059
Total Two Wheelers11,29,66115,20,761
Quadricycle10736

3BMW, Mercedes, JLR &Volvo Autodata arenot available.TataMotors Domestic Sales data included only in ‘Total PV’, detailed break-up is not available. However, withoutTata Motors, ‘Total PV’ would be 2,91,928 for February 2023 and3,19,519 for February 2024

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