Vehicle sales: Highest ever sold in 2024 of 4.3 million vehicles; Maruti breaks record after six years
New Delhi| A record 4.3 million vehicles were sold in the year 2024 due to continued demand for sports utility vehicles (SUVs) and increased car sales in rural markets. Simultaneously, the vehicle industry surpassed its previous best of 41.1 lakh car sales 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. In 2023, 41,09,000 lakh vehicles were sold, said Partho Banerjee, senior executive officer of. On this basis, an increase of 4.5 to 4.7 percent has been recorded in 2024.
Maruti has broken the record for highest ever annual wholesaling with 17,90,977 lakh carts sold in 2024. The company had previously 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.
Retail sales of German company Audi’s cars in the luxury segment declined by 26.6 per cent to 5,816 units during the full year in 2024 compared to a year earlier. The company had sold a total of 7,931 vehicles in 2023.
Sales of two-wheelers and commercial vehicles also registered a boom in December, 2024. Sales of Suzuki motorcycle two-wheelers rose 22 percent to 96,804 units. Bajaj Auto sold 3,23,125 vehicles including two-wheelers and commercial. VE Commercial Vehicle Ltd. sold 8,324 commercial vehicles. In December, 2023, the figure was 8,026.
