Industry body SIAM on Friday said passenger vehicle deliveries from companies to dealerships in November rose 4 per cent year-on-year to 3,47,522 units, as against October’s festive season as demand remained strong.
Total passenger vehicle deliveries stood at 3,33,833 units in November last year. Market leader Maruti Suzuki India dispatched 1,41,312 vehicles to its dealers last month, up 5 per cent from 1,34,158 vehicles in November last year. Hyundai Motor India dispatched 48,246 vehicles last month, up 49,451 in November last year. Mahindra & Mahindra sales stood at 46,222 vehicles last month, up 16 per cent from 39,981 vehicles sold in November last year.
However, two-wheeler wholesales declined 1 per cent to 16,04,749 units last month as against 16,23,399 units in the same period last year. Scooter sales grew 12 per cent to 5,68,580 units last month while bike dispatches declined 7.5 per cent to 9,90,246 units. Moped wholesales grew 6 per cent to 45,923 units last month as against 43,482 units in November 2023. Total three-wheeler dispatches also witnessed a decline of 1 per cent year-on-year to 59,350 units in November, the Society of Indian Automobile Manufacturers (SIAM) said in a statement. SIAM Director General Rajesh Menon said, “The demand momentum witnessed during the festive season in October continued for the entire industry in November as well, although the two-wheeler and three-wheeler segments witnessed a marginal decline in November 2024.” He said passenger vehicles recorded their highest ever sales of 3.48 lakh units in November 2024, a growth of 4.1 per cent over November 2023. Menon said although the festival of Diwali did not fall in the month of November in 2024, the two-wheeler segment recorded sales of 16.05 lakh units, crossing the 16 lakh unit mark for the first time in November other than Diwali.
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