2024年3月印度车辆零售数据（英）

FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

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CINU74140DL2004PNL130324

FORIMMEDIATERELEASE

FADAReleasesMarch’24&FY’24VehicleRetailData

BriefAnalysisforMar’24

.ModestGrowthinAutoSector:TheIndianAutoRetailsectorwitnessedagrowthof3.14%YoY,withsignificantgrowthof5%and17%inthe2Wand3Wsegments.

.SurgeinElectricVehicleSales:TheexpirationoftheFAME2subsidyonMarch31stledtoanotableincreaseinelectricvehiclesales,withthe2W-EVmarketsharejumpingto9.12%forthefirsttime.

.ResilienceintheFaceofChallenges:Despiteeconomicconcerns,electionuncertaintiesandintensecompetition,the2Wsegmentshowcasedstrategicevolution,especiallyinthepremiumandelectricvehicles.

.PositiveSentimentinThree-WheelerSegment:The3Wsegmentdemonstratedgrowthdrivenbytheincreasingacceptanceofelectricvehicles,showinganoptimistictrenddespitepotentialchallenges

fromelectionuncertaintiesandpolicychanges.

.ChallengesinthePVSector:ThePVsegmentfacedadownturnwitha2%MoManda6%YoYsalesdecline,attributedtoheavydiscountingandselectivefinancing.

.MixedLandscapeforCVs:TheCVsegmentwhichfellby6%YoYnavigatedthroughacomplex

environment,balancingelection-inducedpurchaseslowdownswithstrongdemandinspecificsectors

likecoalandcementtransportation.

.UrbanChallengesandSectorResilience:Amiddecliningurbanconsumersentimentandelection

uncertainties,theautomobileindustryleveragesfestiveoccasions,newproductlaunchesandashifttowardselectricmobilitytonavigatetowardsrecoveryandgrowth.

BriefAnalysisforFY’24

.RobustSector-WideGrowth:InFY’24,theIndianAutoRetailsectorachievedanotable10%YoY

growth,withthe2W,3W,PV,TracandCVsegmentsregisteringgrowthratesof9%,49%,8.45%,8%

and5%respectively,settingrecordhighsinthe3W,PVandTraccategories.

.Two-WheelerResurgence:The2Wsegmentexperienceda9%growth,fueledbyenhancedmodelavailability,theintroductionofnewproductsandapositivemarketsentiment,alongsidethe

burgeoningEVmarketandstrategicpremiumsegmentlaunches.

.Three-WheelerBenchmarkSetting:Aremarkable49%YoYgrowthinthe3Wsegmentwasdrivenbytheintroductionofcost-effectiveCNGfueloptions,newEVmodels,expandingcitylandscapes,

demandinlastmilemobilityinurbancentersresultinginstrongdemand,markinganewindustrybenchmark.

.PassengerVehicleMilestone:ThePVsegment'sgrowthof8.45%toreachanall-timehighwas

propelledbyimprovedvehicleavailability,acompellingmodelmixandsignificantcontributionsfrom

theSUVsegment,whichnowclaims50%marketshare.

.CommercialVehicleGrowth:Demonstratingstrategicmarketadaptability,theCVsegmentgrewby5%,withimprovedvehiclesupplyandplanning,alongsidesignificantpurchasesspurredby

governmenttendersandbulkdeals.

.FY’25OptimisticOutlook:TheindustrylooksforwardtoFY’25withoptimism,focusingonnew

productlaunches,especiallyinEVsandleveragingeconomicgrowth,favorablegovernmentpolicies

andexpectedgoodmonsoontofueldemand,despitefacingchallengeslikecompetitionandtheneedforstrategicmarketengagement.

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FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

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CINU74140DL2004PNL130324

8thApril’24,NewDelhi,BHARAT:TheFederationofAutomobileDealersAssociations(FADA)todayreleasedVehicleRetailDataforMarch'24andFY’24.

March’24Retails

InMarch2024,theIndianAutoRetailsectorexperiencedmodestgrowthof3.14%YoY,asreportedbyFADAPresident,Mr.ManishRajSinghania.Thetwo-wheeler(2W)andthree-wheeler(3W)segmentssawincreasesof5%and17%respectively,whilepassengervehicles(PV),tractors(Trac)andcommercialvehicles(CV)faceddeclinesof6%,3%,and6%respectively.

Mr.Singhaniahighlightedthat“the2Wsegmentdemonstratedresilienceandadaptability,withelectricvehicle(EV)salessurgingduetotheexpirationoftheFAME2subsidyonMarch31st.Thisledtoanotableboostinthe2W-EVmarketshareto9.12%.Positivemarketsentimentwassupportedbyseasonalevents,improvedvehiclesupply,andfinancialincentives.Despitefacingmarketvolatilityandintensecompetition,theindustryisstrategicallyevolving,particularlyinthepremiumandEVcategories,signallingabrightfuture.

The3Wsegmentshowedanencouragingsalestrendhittinganall-timehighretail,drivenbythegrowingacceptanceofEVs.TheintroductionofEVautosandloaderspositivelyimpactedtheretailenvironment.Althoughfacedwithelection-relateduncertaintiesandconcernsoverpolicychanges,suchasfreebustravelforwomen,theoveralloutlookforthesectorremainsupbeat,supportedbythequalityofvehiclesandstrongmarketdemand.

ThePVsectorencounteredchallenges,withaMoMdecreaseof2%andaYoYfallof6%.Thedownturnwasinfluencedbyheavydiscountingandselectivefinancingfurtheraffectedbyeconomicworriesandtheelectoralclimate.Nonetheless,positivessuchasimprovedvehicleavailability,increasedstocklevelsandnewmodellaunchesdidstimulatedemandincertainareas.Theimpactofelectionactivitiesandchangesinfestivaldatesalsoplayedaroleinsalesdynamics.

FortheCVsector,Marchpresentedacomplexscenario.Theelectionannouncementresultedinatemporaryreductioninpurchases,thoughthereisanexpectationofarecoverypost-election,withdecreasingconcernsabouttheforthcomingmonsoon.Thesectorgrappledwithissueslikerecentdeclines,pooragriculturaloutcomes,discountpressuresandfinancingdifficulties.Ontheupside,therewasstrongdemandinspecificareassuchascoalandcementtransportation,bolsteredbybulkordersandvehicleupgrades,whichenhancedcustomerengagement.”

FY’24Retails

ReflectingonFY’23,FADAPresidentMr.ManishRajSinghaniacommented,"TheIndianAutoRetailsectorachievedacommendabledouble-digitgrowthof10%YoYacrossallcategories,with2W,3W,PV,TracandCVregisteringincreasesof9%,49%,8.45%,8%and5%respectively.Notably,the3W,PVandTracsegmentssetnewrecordhighs,surpassingpreviousyears'performances.

InFY24,the2Wsegmentsawa9%growth,drivenbyarichmixoffactorsincludingenhancedmodelavailability,newproductintroductions,andpositivemarketsentiment,furtheraugmentedbyspecialschemesandtheruralmarket'srecoveryfromCOVID.ThegrowthinEVsandstrategiclaunchesinpremiumsegmentsalsoplayedacriticalrole,overcomingchallengessuchassupplyconstraintsandheightenedcompetition.

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CINU74140DL2004PNL130324

The3Wsegment'sgrowthsoaredto49%YoY,settinganewbenchmark.Thisremarkableachievementwasfuelledbytheintroductionofcost-effectiveCNGfueloptionsandnewEVmodels,alongsidestrongmarketsentimentandtheseamlessintegrationofhigh-qualityafter-salesservice.Theseelements,combinedwiththesector'sinnovativeapproach,catapultedthe3Wsegmenttonewheights.

ForthePVsegment,FY24wasamilestoneyear,achievingan8.45%YoYgrowthandreachinganall-timehigh.Factorssuchasimprovedvehicleavailability,acompellingmodelmixandthelaunchofnewmodelsplayedpivotalroles.Enhancedsupplydynamics,strategicmarketingefforts,everexpandingqualityroadinfrastructureandstrongdemandintheSUVsegment,nowholdinga50%marketshare,significantlycontributedtothissuccess.

TheCVsegmentexperienceda5%growthinFY24,demonstratingthesector'sstrategicresponsetodiversemarketdynamics.Improvedvehiclesupply,effectiveplanning,andincreasedfreightmovementdrovesignificantreplacementpurchases.Additionally,thesegmentcapitalizedongovernmenttenders,betterroadconnectivityandbulkdeals,showcasingitsadaptabilityandstrategicmarketpositioning."

Near-TermOutlook

WithanotabledeclineinconsumersentimentamongurbanIndians,asreportedbytheCentreforMonitoringIndianEconomy(CMIE),theautomotivesectorfacesanuancedchallenge.Thisdownturn,characterizedbyarestraintindiscretionaryspendingwithinurbanincomebrackets,addsalayerofcomplexitytotheindustry'slandscape.Inthisscenario,thedecisionoftheMPCoftheRBItokeeplendingratesunchangedat6.5%wouldcontinuetobadlyimpacttheretailsalesofallvehicles,especiallyentrylevelvehiclesasthesebuyersareextremelypricesensitive.Giventhecontinuedinflationarytrendwithoutanyreliefinfinancerates,theseprospectivebuyersmaycontinuetohesitate.Coupledwiththeforthcomingelections,thesechallengeswillinfluencetheIndustry,potentiallycurbingvehiclesalesacrossallsegments.Despitethis,opportunitiesforreboundandgrowthlinger,bolsteredbyfestiveoccasionsandstrategicproductunveilingsaimedatrevivingconsumerinterest.

Theindustry'sadaptabilityisfurthertestedbyimprovedsupplydynamicsandanincreasingbendtowardselectricmobility,alongsideenticingfinancingoptions,allpoisedtomitigatetheeffectsofthecurrenteconomicsentimentandelectoralcaution.Theautomotivesector'sresilienceisthusspotlighted,withconcertedeffortstotacklethesechallengesthroughinnovationandstrategicmarketengagement.Asitnavigatesthroughaperiodmarkedbycarefuloptimism,thesectorispositionedforacautiousyethopefultrajectorytowardsrecovery.Thestrategicforesightandadaptabilitydemonstratedbytheindustrypromiseapathwaytoresilienceandsustainedgrowth,evenasitconfrontsevolvingmarketconditions.

Long-TermOutlook

HeadingintoFY’25,theIndianAutoIndustryispoisedforgrowthamidstamixofoptimismandchallenges.Theexcitementaroundnewproductlaunches,particularlyelectricvehicles,setsaforward-lookingtone.Manufacturersaregearingupwithbettersupplychainsandanarrayofmodelstomeetdiverseconsumerdemands.Economicgrowth,favourablegovernmentpoliciesandananticipatedgoodmonsoonareexpectedtofueldemand,especiallyinruralareasandthecommercialvehiclesector,whichiscloselylinkedtoinfrastructureprojectsandeconomicactivity.

Marketsentimentiscautiouslyoptimistic,withtheindustrybankingonimprovedcustomerengagementandfinancingschemestoboostsales.However,itfaceschallengeslikehighbaseinPVsegmentandintensecompetition.Thefocusisonovercomingthesehurdleswithinnovationandstrategicmarket

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FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

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T+911166304852,23320095,41531495Efada@fada.in

CINU74140DL2004PNL130324

engagement,aimingforabalancedgrowthacrossallthesegments.AsFY’25unfolds,theIndianAutoIndustryisnavigatingthroughevolvingmarketdemandsandeconomicconditions,leveragingitsstrengthsforsustainablegrowthandawiderreach.

KeyFindingsfromourOnlineMembersSurvey

.Liquidity

oNeutral48.93%

oGood39.64%

oBad11.43%

.Sentiment

oNeutral45.71%

oGood39.29%

oBad15.00%

.ExpectationfromApr’24

oGrowth56.43%

oFlat32.50%

oDe-growth11.07%

.ExpectationfromFY’25

oGrowth72.14%

oFlat20.36%

oDe-growth07.50%

ChartshowingVehicleRetailDataforMarch’24&FY’24

AllIndiaVehicleRetailDataforMar'24

CATEGORY

Mar'24

Feb'24

Mar'23

MoM%

YoY%

2W

15,29,875

14,39,523

14,50,913

6.28%

5.44%

3W

1,05,222

94,918

89,837

10.86%

17.13%

E-RICKSHAW(P)

37,378

36,579

37,333

2.18%

0.12%

E-RICKSHAWWITHCART(G)

5,087

4,435

3,214

14.70%

58.28%

THREE-WHEELER(GOODS)

14,433

10,768

10,655

34.04%

35.46%

THREE-WHEELER(PASSENGER)

48,223

43,065

38,556

11.98%

25.07%

THREE-WHEELER(PERSONAL)

101

71

79

42.25%

27.85%

PV

3,22,345

3,30,107

3,43,527

-2.35%

-6.17%

TRAC

78,446

76,626

81,148

2.38%

-3.33%

CV

91,289

88,367

96,984

3.31%

-5.87%

LCV

49,332

48,594

51,891

1.52%

-4.93%

MCV

6,324

6,454

6,292

-2.01%

0.51%

HCV

30,394

28,271

34,869

7.51%

-12.83%

Others

5,239

5,048

3,932

3.78%

33.24%

Total

21,27,177

20,29,541

20,62,409

4.81%

3.14%

Source:FADAResearch

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MotorVehicleRoadTaxCollection(inRsCrore)

FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

804-805-806,SuryaKiran,19,KGMargNewDelhi-110001(INDIA)

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CINU74140DL2004PNL130324

Mar’24

Feb’24

Mar’23

MoM%

YoY%

MotorVehicleRoadTaxCollection

7,633

6,817

7,447

12%

3%

Source:FADAResearch

AllIndiaVehicleRetailDataforFY’24

CATEGORY

FY'24

FY'23

YoY%

2W

1,75,17,173

1,60,27,411

9.30%

3W

11,65,699

7,83,257

48.83%

E-RICKSHAW(P)

4,90,726

3,49,892

40.25%

E-RICKSHAWWITHCART(G)

40,798

24,076

69.46%

THREE-WHEELER(GOODS)

1,21,506

90,923

33.64%

THREE-WHEELER(PASSENGER)

5,11,754

3,17,753

61.05%

THREE-WHEELER(PERSONAL)

915

613

49.27%

PV

39,48,143

36,40,399

8.45%

TRAC

8,92,313

8,29,639

7.55%

CV

10,07,006

9,60,655

4.82%

LCV

5,61,097

5,67,302

-1.09%

MCV

72,907

62,056

17.49%

HCV

3,24,308

3,01,421

7.59%

Others

48,694

29,876

62.99%

Total

2,45,30,334

2,22,41,361

10.29%

Source:FADAResearch

MotorVehicleRoadTaxCollection(inRsCrore)

FY’24

FY’23

YoY%

MotorVehicleRoadTaxCollection

79,673

70,045

14%

Source:FADAResearch

Disclaimer:

1-TheabovenumbersdonothavefiguresfromTS&LD.

2-VehicleRetailDatahasbeencollatedason06.04.24incollaborationwithMinistryofRoadTransport&Highways,GovernmentofIndiaandhasbeengatheredfrom1,360outof1,447RTOs.

3-CommercialVehicleissubdividedinthefollowingmanner

a.LCV–LightCommercialVehicle(incl.Passenger&GoodsVehicle)

b.MCV–MediumCommercialVehicle(incl.Passenger&GoodsVehicle)

c.HCV–HeavyCommercialVehicle(incl.Passenger&GoodsVehicle)

d.Others–ConstructionEquipmentVehiclesandothers

4-3-Wheelerissub-dividedinthefollowingmanner

a.E-Rickshaw–Passenger

b.E-Rickshaw–Goods

c.3-Wheeler–Goods

d.3-Wheeler–Passenger

e.3-Wheeler–Personal

Mar’24andFY’24category-wiseOEMmarketsharecanbefoundinAnnexure1,PageNo.06

EndofPressRelease

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FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

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CINU74140DL2004PNL130324

MediaKit

FADALogo

Mr.ManishRajSinghania,President–FADA

AboutFADAIndia

Foundedin1964,FederationofAutomobileDealersAssociations(FADA),istheapexnationalbodyofAutomobileRetailIndustryinIndiaengagedinthesale,serviceandsparesof2&3Wheelers,PassengerCars,UVs,CommercialVehicles(includingbusesandtrucks)andTractors.FADAIndiarepresentsover15,000AutomobileDealershipshavingover30,000dealershipoutletsincludingmultipleAssociationsofAutomobileDealersattheRegional,StateandCitylevelsrepresentingtheentireAutoRetailIndustry.Togetherweemploy~4.5millionpeopleatdealershipsandservicecentres.

FADAIndia,atthesametimealsoactivelynetworkswiththeIndustriesandtheauthorities,bothattheCentral&StatelevelstoprovideitsinputsandsuggestionsontheAutoPolicy,Taxation,VehicleRegistrationProcedure,RoadSafetyandCleanEnvironment,etc.tosustainthegrowthoftheAutomobileRetailTradeinIndia.

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FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

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CINU74140DL2004PNL130324

Annexure1

OEMwiseMarketShareDatafortheMonthofMarch’24withYoYcomparison

Two-WheelerOEM

MAR'24

MarketShare(%)MAR'24

MAR'23

MarketShare(%)MAR'23

HEROMOTOCORPLTD

4,51,464

29.51%

4,67,518

32.22%

HONDAMOTORCYCLEANDSCOOTERINDIA(P)LTD

3,55,326

23.23%

3,24,762

22.38%

TVSMOTORCOMPANYLTD

2,52,321

16.49%

2,38,773

16.46%

BAJAJAUTOGROUP

1,81,109

11.84%

1,64,329

11.33%

BAJAJAUTOLTD

1,81,107

11.84%

1,61,983

11.16%

CHETAKTECHNOLOGYLIMITED

2

0.00%

2,346

0.16%

SUZUKIMOTORCYCLEINDIAPVTLTD

75,489

4.93%

64,604

4.45%

ROYAL-ENFIELD(UNITOFEICHERLTD)

64,438

4.21%

71,033

4.90%

OLAELECTRICTECHNOLOGIESPVTLTD

53,320

3.49%

21,435

1.48%

INDIAYAMAHAMOTORPVTLTD

52,418

3.43%

47,141

3.25%

ATHERENERGYPVTLTD

17,232

1.13%

12,183

0.84%

KINETICGREENENERGY&POWERSOLUTIONSLTD

3,963

0.26%

1,645

0.11%

BGAUSSAUTOPRIVATELIMITED

3,111

0.20%

781

0.05%

GREAVESELECTRICMOBILITYPVTLTD

3,008

0.20%

382

0.03%

PIAGGIOVEHICLESPVTLTD

2,727

0.18%

3,108

0.21%

CLASSICLEGENDSPVTLTD

2,476

0.16%

3,325

0.23%

OthersIncludingEV

11,473

0.75%

29,894

2.06%

Total

15,29,875

100%

14,50,913

100%

Source:FADAResearch

Disclaimer:

1-TheabovenumbersdonothavefiguresfromTS&LD.

2-VehicleRetailDatahasbeencollatedason06.04.24incollaborationwithMinistryofRoadTransport&Highways,

GovernmentofIndiaandhasbeengatheredfrom1,360outof1,447RTOs.

3-OthersincludeOEMsaccountinglessthan0.1%MarketShare.

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FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

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CINU74140DL2004PNL130324

Three-WheelerOEM

MAR'24

MarketShare(%)MAR'24

MAR'23

MarketShare(%)MAR'23

BAJAJAUTOLTD

36,639

34.82%

32,374

36.04%

PIAGGIOVEHICLESPVTLTD

9,401

8.93%

8,096

9.01%

MAHINDRA&MAHINDRALIMITED

8,329

7.92%

5,409

6.02%

MAHINDRALASTMILEMOBILITYLTD

8,011

7.61%

-

0.00%

MAHINDRA&MAHINDRALIMITED

308

0.29%

4,473

4.98%

MAHINDRAREVAELECTRICVEHICLESPVTLTD

10

0.01%

936

1.04%

YCELECTRICVEHICLE

3,321

3.16%

3,099

3.45%

OMEGASEIKIPVTLTD

2,247

2.14%

651

0.72%

DILLIELECTRICAUTOPVTLTD

2,197

2.09%

2,062

2.30%

SAERAELECTRICAUTOPVTLTD

2,190

2.08%

2,241

2.49%

ATULAUTOLTD

2,173

2.07%

2,475

2.75%

TVSMOTORCOMPANYLTD

1,808

1.72%

1,517

1.69%

MINIMETROEVL.L.P

1,162

1.10%

1,265

1.41%

UNIQUEINTERNATIONAL

1,075

1.02%

1,150

1.28%

OthersincludingEV

34,680

32.96%

29,498

32.84%

Total

1,05,222

100%

89,837

100%

Source:FADAResearch

Disclaimer:

1-TheabovenumbersdonothavefiguresfromTS&LD.

2-VehicleRetailDatahasbeencollatedason06.04.24incollaborationwithMinistryofRoadTransport&Highways,

GovernmentofIndiaandhasbeengatheredfrom1,360outof1,447RTOs.

3-OthersincludeOEMsaccountinglessthan1%MarketShare.

MediaContact|SaharshDamani|CEO|saharsh@fada.in|+9199107225528

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FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

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CINU74140DL2004PNL130324

CommercialVehicleOEM

MAR'24

MarketShare(%)MAR'24

MAR'23

MarketShare(%)MAR'23

TATAMOTORSLTD

32,972

36.12%

37,190

38.35%

MAHINDRA&MAHINDRALIMITED

21,748

23.82%

20,589

21.23%

ASHOKLEYLANDLTD

15,183

16.63%

17,330

17.87%

VECOMMERCIALVEHICLESLTD

6,711

7.35%

6,864

7.08%

MARUTISUZUKIINDIALTD

3,393

3.72%

3,753

3.87%

DAIMLERINDIACOMMERCIALVEHICLESPVT.LTD

1,901

2.08%

2,159

2.23%

FORCEMOTORSLIMITED,AFIRODIAENTERPRISE

1,537

1.68%

1,137

1.17%

SMLISUZULTD

892

0.98%

859

0.89%

Others

6,952

7.62%

7,103

7.32%

Total

91,289

100.00%

96,984

100.00%

Source:FADAResearch

Disclaimer:

1-TheabovenumbersdonothavefiguresfromTS&LD.

2-VehicleRetailDatahasbeencollatedason06.04.24incollaborationwithMinistryofRoadTransport&Highways,GovernmentofIndiaandhasbeengatheredfrom1,360outof1,447RTOs.

MediaContact|SaharshDamani|CEO|saharsh@fada.in|+9199107225529

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CINU74140DL2004PNL130324

PVOEM

MAR'24

MarketShare(%)MAR'24

MAR'23

MarketShare(%)MAR'23

MARUTISUZUKIINDIALTD

1,26,774

39.33%

1,39,066

40.48%

TATAMOTORSLTD

45,701

14.18%

47,617

13.86%

HYUNDAIMOTORINDIALTD

43,539

13.51%

46,836

13.63%

MAHINDRA&MAHINDRALIMITED

38,084

11.81%

33,623

9.79%

KIAMOTORSINDIAPVTLTD

19,525

6.06%

21,582

6.28%

TOYOTAKIRLOSKARMOTORPVTLTD

18,795

5.83%

16,668

4.85%

HONDACARSINDIALTD

6,286

1.95%

6,471

1.88%

SKODAAUTOVOLKSWAGENGROUP

5,663

1.76%

8,319

2.42%

SKODAAUTOVOLKSWAGENINDIAPVTLTD

5,617

1.74%

8,163

2.38%

VOLKSWAGENAG/INDIAPVT.LTD.

-

0.00%

3

0.00%

AUDIAG

45

0.01%

151

0.04%

SKODAAUTOINDIA/ASPVTLTD

1

0.00%

2

0.00%

RENAULTINDIAPVTLTD

3,690

1.14%

5,212

1.52%

MGMOTORINDIAPVTLTD

3,657

1.13%

4,916

1.43%

NISSANMOTORINDIAPVTLTD

2,092

0.65%

2,705

0.79%

MERCEDES-BENZGROUP

1,525

0.47%

1,754

0.51%

MERCEDES-BENZINDIAPVTLTD

1,411

0.44%

1,660

0.48%

MERCEDES-BENZAG

112

0.03%

93

0.03%

DAIMLERAG

2

0.00%

1

0.00%

BMWINDIAPVTLTD

1,062

0.33%

909

0.26%

FORCEMOTORSLIMITED,AFIRODIA

ENTERPRISE

903

0.28%

732

0.21%

PCAAUTOMOBILESINDIAPVTLTD

546

0.17%

985

0.29%

FIATINDIAAUTOMOBILESPVTLTD

326

0.10%

828

0.24%

JAGUARLANDROVERINDIALIMITED

296

0.09%

192

0.06%

VOLVOAUTOINDIAPVTLTD

152

0.05%

198

0.06%

BYDINDIAPRIVATELIMITED

137

0.04%

300

0.09%

Others

3,592

1.11%

4,614

1.34%

Total

3,22,345

100%

3,43,527

100%

Source:FADAResearch

Disclaimer:

1.TheabovenumbersdonothavefiguresfromTS&LD.

2.VehicleRetailDatahasbeencollatedason06.04.24incollaborationwithMinistryofRoadTransport&Highways,GovernmentofIndiaandhasbeengatheredfrom1,360outof1,447RTOs.

MediaContact|SaharshDamani|CEO|saharsh@fada.in|+91991072255210

www.fada.in

FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

804-805-806,SuryaKiran,19,KGMargNewDelhi-110001(INDIA)

T+911166304852,23320095,41531495Efada@fada.in

CINU74140DL2004PNL130324

TractorOEM

MAR'24

MarketShare(%)MAR'24

MAR'23

MarketShare(%)MAR'23

MAHINDRA&MAHINDRALIMITED(TRACTOR)

17,937

22.87%

17,775

21.90%

MAHINDRA&MAHINDRALIMITED(SWARAJDIVISION)

14,467

18.44%

14,111

17.39%

INTERNATIONALTRACTORSLIMITED

10,350

13.19%

9,874

12.17%

TAFELIMITED

9,057

11.55%

8,947

11.03%

ESCORTSLIMITED(AGRIMACHINERYGROUP)

7,561

9.64%

9,014

11.11%

JOHNDEEREINDIAPVTLTD(TRACTORDEVISION)

5,639

7.19%

6,798

8.38%

EICHERTRACTORS

5,271

6.72%

5,134

6.33%

CNHINDUSTRIAL(INDIA)PVTLTD

3,352

4.27%

3,354

4.13%

KUBOTAAGRICULTURALMACHINERYINDIAPVT.LTD.

1,589

2.03%

1,954

2.41%

V.S.T.TILLERSTRACTORSLIMITED

318

0.41%

427

0.53%

GROMAXAGRIEQUIPMENTLTD

296

0.38%

278

0.34%

Others

2,609

3.33%

3,482

4.29%

Total

78,446

100%

81,148

100%

Source:FADAResearch

Disclaimer:

1-TheabovenumbersdonothavefiguresfromTS&LD.

2-VehicleRetailDatahasbeencollatedason06.04.24incollaborationwithMinistryofRoadTransport&Highways,GovernmentofIndiaandhasbeengatheredfrom1,360outof1,447RTOs.

MediaContact|SaharshDamani|CEO|saharsh@fada.in|+91991072255211

www.fada.in

FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

804-805-806,SuryaKiran,19,KGMargNewDelhi-110001(INDIA)

T+911166304852,23320095,41531495Efada@fada.in

CINU74140DL2004PNL130324

OEMwiseMarketShareDataforFY’24withYoYcomparison

Two-WheelerOEM

FY'24

MarketShare(%)FY'24

FY'23

MarketShare(%)FY'23

HEROMOTOCORPLTD

53,95,924

30.80%

51,35,129

32.04%

HONDAMOTORCYCLEANDSCOOTERINDIA(P)LTD

40,92,126

23.36%

39,73,186

24.79%

TVSMOTORCOMPANYLTD

29,65,744

16.93%

24,89,121

15.53%

BAJAJAUTOGROUP

21,08,049

12.03%

17,04,445

10.63%

BAJAJAUTOLTD

21,07,486

12.03%

17,00,153

10.61%

CHETAKTECHNOLOGYLIMITED

563

0.00%

4,292

0.03%

SUZUKIMOTORCYCLEINDIAPVTLTD

8,46,991

4.84%

6,87,176

4.29%

ROYAL-ENFIELD(UNITOFEICHERLTD)

7,80,904

4.46%

6,98,117

4.36%

INDIAYAMAHAMOTORPVTLTD

6,06,560

3.46%

5,56,308

3.47%

OLAELECTRICTECHNOLOGIESPVTLTD

3,29,237

1.88%

1,52,791

0.95%

ATHERENERGYPVTLTD

1,08,889

0.62%

76,939

0.48%

PIAGGIOVEHICLESPVTLTD

35,811

0.20%

42,773

0.27%

GREAVESELECTRICMOBILITYPVTLTD

31,273

0.18%

1,032

0.01%

CLASSICLEGENDSPVTLTD

30,881

0.18%

40,794

0.25%

AMPEREVEHICLESPRIVATELIMITED

23,771

0.14%

84,562

0.53%

OKINAWAAUTOTECHPVTLTD

20,873

0.12%

95,933

0.60%

OthersIncludingEV

1,40,140

0.80%

2,89,105

1.80%

Total

1,75,17,173

100%

1,60,27,411

100%

Source:FADAResearch

Disclaimer:

1.TheabovenumbersdonothavefiguresfromTS&LD.

2.VehicleRetailDatahasbeencollatedason06.04.24incollaborationwithMinistryofRoadTransport&Highways,

GovernmentofIndiaandhasbeengatheredfrom1,360outof1,447RTOs.

3.OthersincludeOEMsaccountinglessthan0.1%MarketShare.

MediaContact|SaharshDamani|CEO|saharsh@fada.in|+91991072255212

www.fada.in

FEDERATIONOFAUTOMOBILEDEALERSASSOCIATIONS

804-805-806,SuryaKiran,19,KGMargNewDelhi-110001(INDIA)

T+911166304852,23320095,41531495Efada@fada.in

CINU74140DL2004PNL130324

Three-WheelerOEM

FY'24

MarketShare(%)FY'24

FY'23

MarketShare(%)FY'23

BAJAJAUTOLTD

4,19,070

35.95%

2,64,756

33.80%

PIAGGIOVEHICLESPVTLTD

94,618

8.12%

67,806