India’s 2024 Automobile Sales by Segment

In 2024, the Indian automobile market (total sales of members of India’s automotive association SIAM and major premium brands that are not members of SIAM) reached 5,268,286 units, going up some 148,000 units or 2.9% from the previous year. There was an overall increase in utility vehicle sales, with a particularly large rise in compact SUVs, going up some 202,000 units to 1,256,424 units, and small MPVs, increasing some 75,000 units to 270,901 units. Sales of passenger cars decreased across the board, with the exception of compact sedans which remained a little above 252,000 units for the third consecutive year. Compact hatchbacks took the largest decrease, going down some 143,000 units to 616,431 units. Meanwhile, the pace of decline for low-priced mini (A) and lower compact (A/B) cars was slower than in 2023.