Indian automobile sales, across all categories and as denoted by new registrations, have been recorded at 26,107,679 units for the calendar year 2024, a rise of nine percent year on year, according to data released by the Federation of Automobile Dealers’ Association (FADA) on Tuesday, January 7.
In December 2024, automobile retail sales saw a 12 percent decline year on year, totalling 1,756,419 units. Two-wheeler registrations dropped by 18 percent to 1,197,742 units, compared to 1,454,353 units in December 2023.
The two-wheeler segment saw growth fuelled by improved supply, new model introductions, and strong rural demand, although challenges like finance constraints and rising competition from electric vehicles (EVs) persisted, FADA said in its statement.
In 2024, passenger vehicle (PV) sales rose by five percent to 4,073,843 units, up from 3,873,381 units in 2023. Two-wheeler sales saw an 11 percent increase, reaching 18,912,959 units, compared to 17,072,932 units the previous year.
Three-wheeler registrations also grew by 11 percent, reaching 1,221,909 units, up from 1,105,942 in 2023.