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In the Indian automotive market for the financial year 2024, Car Sales in India 2024: Company-Wise Breakdown, Indian Market End Years 2024? several manufacturers have reported significant sales figures:
- Maruti Suzuki: Leading the market with approximately 1.6 million passenger cars sold.
- Hyundai: Secured the second position with around 557,897 units sold.
- Tata Motors: Reported sales of approximately 47,063 units in November 2024, indicating a 2.2% year-on-year growth.
- Mahindra & Mahindra: Achieved sales of 46,222 units in November 2024, marking a 15.6% increase compared to the same period last year.
- Toyota Kirloskar: Sold 25,183 units in November 2024, reflecting a substantial 48.8% year-on-year growth.
- Kia: Recorded sales of 20,600 units in November 2024, though this represents a 9.5% decline from the previous year.
- MG Motor: Experienced a significant 44.9% increase in sales, reaching 6,019 units in November 2024.
- Honda: Faced a notable decline, with sales dropping by 42.7% to 5,005 units in November 2024.
- Volkswagen: Reported sales of 3,033 units in November 2024, a slight 2% decrease year-on-year.
- Skoda: Sold 2,886 units in November 2024, experiencing a 23.7% decline compared to the same period last year.
In the luxury segment, Mercedes-Benz maintained its lead with a 37% market share, followed by BMW at 32%. The total sales of luxury cars in India for the financial year 2024 reached 45,300 units.
It’s important to note that these figures are subject to change as manufacturers release their final sales data for the entire year. The Indian automotive market has shown resilience and adaptability, with varying performances across different segments and manufacturers