Passenger Vehicle dispatches rise 4% in November as demand sustains post-festive period: SIAM

Assembled cars at the Maruti Suzuki plant. File
| Photo Credit: V.V. Krishnan

Passenger vehicle (PV) dispatches from companies to dealerships rose 4% year-on-year to 3,47,522 units in November with demand momentum sustaining the post-festive period in October, industry body Society of Indian Automobile Manufacturers (SIAM) said on Friday (December 13, 2024).

The overall PV dispatches stood at 3,33,833 units in November last year(2023). Market leader Maruti Suzuki India dispatched 1,41,312 units to its dealers last month, an increase of 5% as compared with 1,34,158 units in November last year(2023). Hyundai Motor India dispatches declined to 48,246 units last month as against 49,451 units in the year-ago period. Mahindra & Mahindra sales stood at 46,222 units last month as compared with 39,981 units in November last year(2023), a growth of 16%.

The wholesale sales of two-wheelers fell by 1% year-on-year, with 16,04,749 units sold last month, compared to 16,23,399 units in the same month last year (2023). Scooter sales rose by 12% year-on-year to 5,68,580 units last month, while bike dispatches fell by 7.5% to 9,90,246 units. Moped wholesales rose by 6% year-on-year to 45,923 units last month, compared to 43,482 units in November 2023.

Total three-wheeler dispatches also witnessed a 1% year on year dip to 59,350 units in November, SIAM said in a statement.

“The demand momentum which was seen in October during the festive period has continued in November for the industry as a whole, although two-wheeler and three-wheeler segments witnessed minor de-growth in November 2024,” SIAM Director General Rajesh Menon said.

Passenger vehicle sales in November 2024 hit a record high of 3.48 lakh units, reflecting a 4.1% increase compared to the same month in 2023, he added.

Though the Diwali festival did not fall in the month of November in 2024, the two-wheeler segment posted sales of 16.05 lakh units, crossing the 16 lakh units mark for the first time in a non-Diwali November, Mr. Menon stated.