Aided by festive demand, home passenger automobile wholesales rose marginally year-on-year to three,93,238 items in October, trade physique SIAM mentioned on Wednesday. The total passenger automobile dispatches by firms to sellers stood at 3,89,714 items in October final 12 months. Total two-wheeler gross sales rose 14 per cent year-on-year to 21,64,276 items final month, as in comparison with 18,95,799 items in October 2023, the Society of Indian Automobile Manufacturers (SIAM) mentioned in an announcement.
Scooter gross sales witnessed a 22 per cent on-year rise to 7,21,200 items in October. Motorcycle dispatches noticed a rise of 11 per cent to 13,90,696 items within the earlier month, as in opposition to 12,52,835 items in October, 2023. Moped gross sales declined to 52,380 items in October this 12 months, as in opposition to 53,162 items in the identical month a 12 months in the past.
Three-wheeler dispatches to sellers from firms noticed a marginal dip final month at 76,770 items, as in comparison with 77,344 items in October final 12 months. “October 2024 saw two major festivals Dussehra and Diwali, both occurring in the same month, which traditionally drive higher consumer demand, providing a significant boost to the auto industry’s performance,” SIAM Director General Rajesh Menon said.
Passenger automobiles posted their highest-ever gross sales of October in 2024 at 3.93 lakh items, with a progress of 0.9 per cent, albeit on a excessive base of final October, he added. The two-wheeler phase additionally posted the highest-ever gross sales of October in 2024, Menon mentioned.
“This high growth was also reflected in the Vahan vehicle registration data, wherein more than 30 per cent growth in registration was witnessed for both passenger vehicles and two-wheelers in October 2024, compared to October 2023,” he said.
