India Total Vehicle Sales

Total passenger vehicle sales in India grew by 1.1% year-over-year to 345,107 units in October 2024, rebounding from a 0.4% decline in the previous month, according to data from the Society of Indian Automobile Manufacturers (SIAM). The figures exclude sales from BMW, Mercedes, JLR, and Volvo. This marked the first increase in passenger vehicle sales since June, driven by major festivals. October also saw record-high passenger vehicle sales, albeit on a high base from the previous October. "October 2024 saw two major festivals, Dussehra and Diwali, both occurring in the same month, which traditionally drives higher consumer demand, providing a significant boost to the auto industry’s performance," said Rajesh Menon, Director General of SIAM. On a monthly basis, car sales rose by 9.3% in October.