India’s auto industry hits record-high sales in October 2024. Thanks to the Diwali festive season. The strong demand for four-wheelers made India’s top automakers celebrate a new milestone by selling multiple SUVs and overall passenger vehicles. The company has stacked up in October with major sales.
Maruti Suzuki Leading India’s Auto Industry
Maruti Suzuki has achieved the highest-ever monthly sales with a record total of 206434 units. It includes domestic sales, which is 163130 units, reporting the others OEM at 10136 units, and exports reaching 33168 units.
Mahindra And Mahindra Is Second On The List
Mahindra and Mahindra achieved the new milestone of highest-ever sales for SUVs, recording 54504 domestic sales with a high growth of 25%, pushing the total vehicle sales to 96,648, reporting a 20% increase.
Hyundai Motor Is Third On The List
Hyundai Motor India reported sales of 70,078 units in October, making it the third-highest monthly sales. Domestic sales of 55,568 and exports of 14510 have been recorded. There was a 2% increase over the same month last year. Hyundai exports were particularly notable as they rose by 6.7 percent from October 2023.
Other Brands On The List
Kia India has registered impressive growth, with 28,545 units delivered in October 2024. It reflects a 30% increase from the last year. They recently launched a new Carnival Limousine Plus that made their Diwali more impressive. Kia hasn’t faced any downfall. We can even see an increase in export sales with 2042 units.
With the continuous increase, Toyota Kirloskar Motor reported a 41 percent increase in their total sales, i.e. 30,845 units in October. They reported domestic sales of 28138 and export sales of 2707. We can see Toyota’s strong sales momentum.
Reporting the total sales increase of 31 percent for JSW MG Motors with new energy vehicles comprising over 70% series in October. The recent launch of the electric crossover Windsor has contributed 3116 units for the same month. That was impressive for the new launch because this was their largest contributor of vehicles in the first month alone.
Brands That Slipped Down This Festive Season
There is an increase in sales of many brands, but brands like Tata Motors face a slight decline in their domestic sales, slipping to 48,131 units. A marginal 0.42 percent drop has been seen from the last year to the same month.
Honda Cars also faced a backlash of a 23% decrease in total sales, delivering 10,080 units in October 2024, compared to their last season of 13,083. Domestic sales dropped with the major 41 percent to 5546. But the exports show a favorable growth of 4534 units, up from 3683 in last October 2023.
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