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Auto industry performance of February-2024

Auto industry performance of February-2024

Production: The total production of Passenger Vehicles*, Three Wheelers, Two Wheelers, and Quadricycle in February 2024 was 22,94,411 units


Domestic Sales:

  • Passenger Vehicles** 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.

*BMW, Mercedes, JLR, Tata Motors & Volvo Auto data are not available.

**BMW, Mercedes, JLR & Volvo Auto data are not available. Tata Motors Domestic Sales data included only in this document.


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 reported 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.”


Domestic Monthly Sales (in Nos.)

Segment/Subsegment

February 2023

February 2024

Total Passenger Vehicles***

3,34,790

3,70,786

Three Wheelers



Passenger Carrier

38,777

42,582

Goods Carrier

8,711

10,013

E-Rickshaw

2,615

1,509

E-Cart

279

480

Total Three Wheelers

50,382

54,584

Two Wheelers



Scooter/ Scooterettee

3,91,054

5,15,340

Motorcycle/Step-Throughs

7,03,261

9,64,362

Mopeds

35,346

41,059

Total Two Wheelers

11,29,661

15,20,761

Quadricycle

107

36


***BMW, Mercedes, JLR & Volvo Auto data are not available. Tata Motors Domestic Sales data included only in ‘Total PV’, detailed break-up is not available. However, without Tata Motors, ‘Total PV’ would be 2,91,928 for February 2023 and 3,19,519 for February 2024


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