Mumbai
A record 43 lakh vehicles were sold in the year 2024 due to continued demand for sports utility vehicles (SUVs) and increased car sales in rural markets. With this, the auto industry surpassed its previous best performance of 41.1 lakh vehicles sold in 2023. Last year, major companies like Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar and Kia recorded their highest ever annual sales. Maruti Suzuki India Ltd. Partho Banerjee, senior executive officer, said, 41,09,000 vehicles were sold in 2023. On this basis, a growth of 4.5 to 4.7 percent has been recorded in 2024.
Maruti broke the record after six years
Maruti has broken the record of highest ever annual wholesale sales by selling 17,90,977 lakh vehicles in 2024. The company had earlier sold a record 17,51,919 vehicles in 2018. Hyundai Motor India also sold a record 6,05,433 vehicles in 2024. This was the fourth consecutive best year in terms of sales for Tata Motors. During this period the company sold 5.65 lakh vehicles. Toyota Kirloskar Motor recorded its best ever sales with 3,26,329 units. Kia India also sold a record 2,55,038 vehicles with six sales growth.
| Maruti Suzuki’s top selling car 2024 | ||
| No | model | unit |
| 1 | wagonr | 1.98 lakh |
| 2 | Ertiga | 1.90 lakh |
| 3 | Brezza | 1.88 lakh |
| 4 | Swift | 1.73 lakh |
| 5 | Baleno | 1.72 lakh |
| 6 | Desire | 1.68 lakh |
| 7 | fronx | 1.56 lakh |
decline in luxury vehicles
In the luxury segment, retail sales of cars of German company Audi declined by 26.6 percent to 5,816 units in the entire year 2024 as compared to a year earlier. The company had sold a total of 7,931 vehicles in 2023.
Boom in two-wheeler-commercial vehicles too
Sales of two-wheelers and commercial vehicles also registered a rise in December 2024. Sales of two-wheelers of Suzuki Motorcycle increased by 22 percent to 96,804 units. Bajaj Auto sold 3,23,125 vehicles including two-wheelers and commercial vehicles. VE Commercial Vehicles Ltd. Sold 8,324 commercial vehicles. In December, 2023 this figure was 8,026.
