Auto Sales September 2024

Maruti Suzuki India Ltd's passenger vehicle wholesales fell 4% year-on-year to 144,962 units in September 2024 compared with 150,812 units in the corresponding month last year.

Hyundai Motor India Ltd registered wholesales of 51,101 units in the domestic market and exports of 13,100 units in September 2024.

Kia India recorded sales of 23,523 units in September, marking over 17% year-on-year growth compared to the 20,022 units sold in September 2023. The newly launched Sonet continues as Kia's best-selling model, with 10,335 units sold, followed by the Seltos and Carens, with 6,959 and units 6,217 respectively.

Tata Motors' domestic passenger vehicle sales fell 8% year-on-year to 41,063 units in September as against 44,809 units in the same month last year. Electric vehicles sales declined 23% to 4,680 units in September compared with 6,050 units in the corresponding month last year.

"The PV industry in Q2 FY25 saw more than 5% decline in retails (Vahan registrations) compared to Q2 FY24 driven by slow consumer demand and seasonal factors. In contrast, industry offtake was significantly higher than registrations in anticipation of a strong start to the festive season, resulting in a continued buildup of channel stock," says Shailesh Chandra, managing director, Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd.

Electric vehicle sales in personal segment was affected by the lapse of registration and road tax waivers in key states, says Chandra. "Fleet EV sales continued to remain impacted due to lapse of FAME II and non-inclusion of the fleet segment in PM-eDRIVE scheme," he says.

Tata Motors posted wholesales of 130,753 units in Q2 FY25, a decline of 6% compared to Q2 FY24, as it readjusted wholesales to lower-than-expected retails, to keep channel inventory under control.

Registrations picked up pace towards end of the month which augurs well for the festive period ahead, says Chandra.

Bajaj Auto's total sales in September grew 20% year-on-year to 4,69,531 units compared with 3,92,558 units in the corresponding month last year. Two-wheeler sales rose 22% to 4,00,489 units.

TVS Motor Company recorded monthly sales of 482,495 units in September 2024 with a growth of 20% as against 402,553 units in the month of September 2023.

Total two-wheelers registered a growth of 22% with sales increasing from 386,955 units in September 2023 to 471,792 units in September 2024. Domestic two-wheeler registered growth of 23% with sales increasing from 300,493 units in September 2023 to 369,138 units in September 2024.

Motorcycles registered a growth of 23% with sales increasing from 186,438 units in September 2023 to 229,268 units in September 2024. Scooters registered a growth of 20% with sales increasing from 155,526 units in September 2023 to 186,751 units in September 2024.

The company's total exports registered a growth of 11% with sales increasing from 100,294 units in September 2023 to 111,007 units in September 2024. Two-wheeler exports registered a growth of 19% with sales increasing from 86,462 units in September 2023 to 102,654 units in September 2024.

JSW MG Motor India registered retail sales of 4588 units in September, down 9% compared to 5,003 units sold in the same month last year. Electric vehicles accounted for 49% of the sales during September.

"The automotive industry is facing some challenges on the sales front due to the inauspicious period of Shraddha and an extended monsoon," the company says in a statement. However, with the onset of the festive season, the carmaker is optimistic about positive traction in the market and an uptick in footfalls at its dealerships.

Toyota Kirloskar Motor (TKM) registered a 14% increase in wholesales in September 2024 compared to the same period last year. The company sold a total of 26,847 units, with domestic sales accounting for 23,802 units and exports totalling 3,045 units. In September 2023, the company had sold 23,590 units.

Mahindra & Mahindra sells 51,062 SUVs in the domestic market in September, a growth of 24% and overall, 52,590 vehicles, including exports. The domestic sales for commercial vehicles stood at 23,706 units. M&M's overall auto sales for September 2024 stood at 87,839 vehicles, including exports.