New Delhi: The Society of Indian Automobile Manufacturers (SIAM) reported a significant growth in two-wheeler sales in India for June, with a year-on-year (Y-o-Y) increase of 21.3%. The total two-wheeler sales reached 16,14,154 units in June, compared to 13,30,826 units sold during the same period last year.
Scooter sales showed a notable surge, rising by 42% Y-o-Y to 5.4 lakh units in June, up from 3.8 lakh units in June of the previous year. Motorcycles also experienced growth, with sales increasing by 11%, recording 10.3 lakh units in June compared to 9.1 lakh units last year.
Passenger vehicle sales saw a modest Y-o-Y growth of 3% in June. The total passenger vehicle sales reached 3,37,757 units, up from 3,27,788 units in June 2023.
Three-wheeler sales also observed a notable boost, with an increase of 12.3%. In June 2024, 59,544 units of three-wheelers were sold, compared to 53,025 units in June 2023.
The data for June indicates a positive outlook for the Indian automobile industry, reflecting a resilient and expanding market for different vehicle segments.
In May, however, there was a downturn in the sales of passenger cars. According to SIAM’s data, domestic sales of passenger cars dropped by over 11%, from 1,20,364 units in May 2023 to 1,06,952 units in May 2024.
Production of passenger cars also decreased by 13%, with figures dropping from 1,63,619 units in May 2023 to 1,42,367 units in May 2024. Additionally, the export of passenger cars saw a decline of about 20%, from 35,806 units in May 2023 to 28,802 units in May 2024.
However, the considerable sales numbers in June provided evidence of growth in the overall automobile industry.
