New Delhi: The Federation of Automobile Dealers Associations (FADA) has released its Vehicle Retail Data for CY24 and December 2024, revealing a mixed performance across segments. While CY24 posted a resilient 9.1% growth year-on-year (YoY), driven by record highs in the 3W, PV, and Tractor segments, December’s retail figures reflected a significant decline of 12.4% YoY, highlighting ongoing challenges in the industry.
CY24 Highlights: Resilience Amid Adversity
- Overall Growth: Auto retail grew by 9.1% YoY, overcoming headwinds such as extreme weather, elections, and uneven monsoons.
- Segment Growth:
- 2W (+10.7%), 3W (+10.4%), PV (+5.1%), and Tractor (+2.5%) achieved growth.
- CV remained nearly flat at +0.07%.
- Milestones:
- 3W, PV, and Tractor segments hit all-time highs.
- 2W nearly matched its CY18 peak, while CV lagged behind its pre-axle load norm levels.
FADA President, Mr. C.S. Vigneshwar, noted, “Despite obstacles, the auto retail sector showed resilience, with 2024 marking significant recovery in key segments. However, challenges such as rising EV competition in 2W and election-driven uncertainty in CV continue to affect the market.”
December 2024: A Year-End Decline
- Overall Decline: Retail numbers dropped by 12.4% YoY, with most segments except Tractors registering negative growth.
- 2W: -17.6%
- 3W: -4.5%
- PV: -1.9%
- CV: -5.2%
- Tractor: +25.7%
- Factors Affecting Sales:
- 2W: Impacted by low rural liquidity, delayed harvest payments, and intensified EV competition.
- PV: High post-festive inventory and aggressive discounting weighed on performance.
- CV: Election uncertainty, delayed government funding, and slow credit approvals hindered growth.
Outlook for January and Beyond
- January 2025:
- Growth Expectation: 48.09% of dealers foresee growth, supported by new launches and marriage-season demand.
- Challenges: Financing constraints and price-sensitive buyer behavior could moderate growth.
- CY25 Projections:
- Growth Anticipation: 66.41% of dealers are optimistic about a positive year.
- 2W and CV Segments: Expected to benefit from rural income recovery and infrastructure investments.
- PV Momentum: Boosted by feature-rich SUVs and a maturing EV market, though rising prices and interest rates remain concerns.
Dealer Sentiment and Key Findings
- Liquidity: Neutral (53.05%) dominates dealer sentiment, while 25.19% report good liquidity conditions.
- Market Sentiment: Neutral sentiment leads (51.15%), with 29.01% marking it as good.
- Future Outlook:
- January Growth: 48.09% expect an increase.
- CY25 Growth: Two-thirds of dealers predict a robust year ahead.
FADA remains optimistic about the industry’s long-term growth, emphasizing the need for strategic OEM support, robust infrastructure spending, and policy clarity to sustain momentum in the coming year.
Chart showing Vehicle Retail Data for YTD FY’25 and December’24
All India Vehicle Retail Data for YTD FY’25 (April’24 to Dec’24)
| CATEGORY | YTD FY’25 | YTD FY’24 | Growth % |
| 2W | 1,44,67,968 | 1,30,81,797 | 10.60% |
| 3W | 9,20,408 | 8,66,441 | 6.23% |
| CV | 7,30,151 | 7,35,545 | -0.73% |
| PV | 30,02,311 | 28,88,868 | 3.93% |
| TRAC | 6,50,136 | 6,48,538 | 0.25% |
| Total | 1,97,70,974 | 1,82,21,189 | 8.51% |
Source: FADA Research
All India Vehicle Retail Data for CY’24
| CATEGORY | CY’24 | CY’23 | YoY % |
| 2W | 1,89,12,959 | 1,70,72,932 | 10.78% |
| 3W | 12,21,909 | 11,05,942 | 10.49% |
| E-RICKSHAW(P) | 4,81,786 | 4,74,226 | 1.59% |
| E-RICKSHAW WITH CART (G) | 58,940 | 35,149 | 67.69% |
| THREE-WHEELER (GOODS) | 1,24,972 | 1,14,732 | 8.93% |
| THREE-WHEELER (PASSENGER) | 5,55,236 | 4,80,955 | 15.44% |
| THREE-WHEELER (PERSONAL) | 975 | 880 | 10.80% |
| PV | 40,73,843 | 38,73,381 | 5.18% |
| TRAC | 8,94,112 | 8,71,918 | 2.55% |
| CV | 10,04,856 | 10,04,120 | 0.07% |
| LCV | 5,58,207 | 5,62,239 | -0.72% |
| MCV | 75,560 | 70,734 | 6.82% |
| HCV | 3,17,568 | 3,27,202 | -2.94% |
| Others | 53,521 | 43,945 | 21.79% |
| Total | 2,61,07,679 | 2,39,28,293 | 9.11% |
Source: FADA Research
All India Vehicle Retail Data for December’24
| CATEGORY | Dec’24 | Nov’24 | Dec’23 | MoM% | YoY% |
| 2W | 11,97,742 | 26,15,953 | 14,54,353 | -54.21% | -17.64% |
| 3W | 93,892 | 1,08,337 | 98,384 | -13.33% | -4.57% |
| E-RICKSHAW(P) | 40,845 | 40,391 | 45,100 | 1.12% | -9.43% |
| E-RICKSHAW WITH CART (G) | 5,826 | 5,423 | 3,692 | 7.43% | 57.80% |
| THREE-WHEELER (GOODS) | 9,122 | 10,940 | 9,546 | -16.62% | -4.44% |
| THREE-WHEELER (PASSENGER) | 38,031 | 51,466 | 39,962 | -26.10% | -4.83% |
| THREE-WHEELER (PERSONAL) | 68 | 117 | 84 | -41.88% | -19.05% |
| PV | 2,93,465 | 3,21,943 | 2,99,351 | -8.85% | -1.97% |
| TRAC | 99,292 | 80,519 | 78,944 | 23.31% | 25.78% |
| CV | 72,028 | 81,967 | 76,010 | -12.13% | -5.24% |
| LCV | 39,794 | 47,530 | 42,814 | -16.28% | -7.05% |
| MCV | 4,662 | 5,473 | 4,987 | -14.82% | -6.52% |
| HCV | 22,781 | 24,441 | 23,904 | -6.79% | -4.70% |
| Others | 4,791 | 4,523 | 4,305 | 5.93% | 11.29% |
| Total | 17,56,419 | 32,08,719 | 20,07,042 | -45.26% | -12.49% |
Source: FADA Research
All India Vehicle Retail Strength YoY and MOM comparison for Dec’24.
| Category | MoM% | YoY% | Category | MoM% | YoY% |
| 2W | CV | ||||
| Urban | -46.90% | -13.37% | Urban | -10.06% | -2.63% |
| Rural | -58.30% | -20.44% | Rural | -14.11% | -7.73% |
| 3W | TRAC | ||||
| Urban | -15.79% | -5.23% | Urban | 31.45% | 41.69% |
| Rural | -11.18% | -4.01% | Rural | 21.27% | 22.05% |
| PV | Total | ||||
| Urban | -7.03% | -3.81% | Urban | -37.22% | -9.45% |
| Rural | -11.52% | 1.04% | Rural | -50.30% | -14.75% |
Source: FADA Research
All India Vehicle Retail Strength YoY comparison for YTD FY’25 (April’24 to Dec’24).
| Category | YoY% | Category | YoY% |
| 2W | CV | ||
| Urban | 8.94% | Urban | -1.57% |
| Rural | 11.25% | Rural | -0.77% |
| 3W | TRAC | ||
| Urban | 0.96% | Urban | -4.61% |
| Rural | 11.45% | Rural | 1.42% |
| PV | Total | ||
| Urban | -1.14% | Urban | 5.61% |
| Rural | 6.53% | Rural | 9.81% |
Source: FADA Research
Motor Vehicle Road Tax Collection (in Rs Crore) for Dec’24
| Dec’24 | Nov’24 | Dec’23 | MoM% | YoY% | |
| Motor Vehicle Road Tax Collection | 6,230 | 7,589 | 6,218 | -17.9% | 0.2% |
Motor Vehicle Road Tax Collection (in Rs Crore) for CY’24
| CY’24 | CY’23 | YoY% | |
| Motor Vehicle Road Tax Collection | 86,395 | 76,670 | 12.7% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
- Commercial Vehicle is subdivided in the following manner
- LCV – Light Commercial Vehicle (incl. Passenger & Goods Vehicle)
- MCV – Medium Commercial Vehicle (incl. Passenger & Goods Vehicle)
- HCV – Heavy Commercial Vehicle (incl. Passenger & Goods Vehicle)
- Others – Construction Equipment Vehicles and others
- 3-Wheeler is sub-divided in the following manner
- E-Rickshaw – Passenger
- E-Rickshaw – Goods
- 3-Wheeler – Goods
- 3-Wheeler – Passenger
- 3-Wheeler – Personal
OEM wise Market Share Data for CY’24 with YoY comparison
| Two-Wheeler OEM | CY’24 | Market Share (%) CY’24 | CY’23 | Market Share (%) CY’23 |
| HERO MOTOCORP LTD | 54,87,778 | 29.02% | 53,49,423 | 31.33% |
| HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD | 47,97,974 | 25.37% | 39,69,410 | 23.25% |
| TVS MOTOR COMPANY LTD | 32,38,852 | 17.13% | 28,69,768 | 16.81% |
| BAJAJ AUTO GROUP | 21,84,506 | 11.55% | 20,21,618 | 11.84% |
| BAJAJ AUTO LTD | 21,84,502 | 11.55% | 20,16,767 | 11.81% |
| CHETAK TECHNOLOGY LIMITED | 4 | 0.00% | 4,851 | 0.03% |
| SUZUKI MOTORCYCLE INDIA PVT LTD | 9,56,403 | 5.06% | 8,06,022 | 4.72% |
| ROYAL-ENFIELD (UNIT OF EICHER LTD) | 8,14,004 | 4.30% | 7,85,298 | 4.60% |
| INDIA YAMAHA MOTOR PVT LTD | 6,60,684 | 3.49% | 5,80,459 | 3.40% |
| OLA ELECTRIC TECHNOLOGIES PVT LTD | 4,07,559 | 2.15% | 2,67,378 | 1.57% |
| ATHER ENERGY PVT LTD | 1,26,174 | 0.67% | 1,04,735 | 0.61% |
| GREAVES ELECTRIC MOBILITY PVT LTD | 35,057 | 0.19% | 24,042 | 0.14% |
| PIAGGIO VEHICLES PVT LTD | 34,762 | 0.18% | 36,059 | 0.21% |
| CLASSIC LEGENDS PVT LTD | 32,852 | 0.17% | 33,141 | 0.19% |
| BGAUSS AUTO PRIVATE LIMITED | 18,032 | 0.10% | 11,454 | 0.07% |
| Others Including EV | 1,18,322 | 0.63% | 2,14,125 | 1.25% |
| Total | 1,89,12,959 | 100% | 1,70,72,932 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
- Others include OEMs accounting less than 0.1% Market Share.
| Three-Wheeler OEM | CY’24 | Market Share (%) CY’24 | CY’23 | Market Share (%) CY’23 |
| BAJAJ AUTO LTD | 4,38,941 | 35.92% | 4,01,423 | 36.30% |
| PIAGGIO VEHICLES PVT LTD | 93,731 | 7.67% | 90,602 | 8.19% |
| MAHINDRA & MAHINDRA LIMITED | 76,450 | 6.26% | 60,076 | 5.43% |
| MAHINDRA LAST MILE MOBILITY LTD | 74,480 | 6.10% | 13,278 | 1.20% |
| MAHINDRA & MAHINDRA LIMITED | 1,970 | 0.16% | 46,798 | 4.23% |
| YC ELECTRIC VEHICLE | 43,979 | 3.60% | 40,812 | 3.69% |
| SAERA ELECTRIC AUTO PVT LTD | 28,293 | 2.32% | 29,329 | 2.65% |
| ATUL AUTO LTD | 27,083 | 2.22% | 22,580 | 2.04% |
| DILLI ELECTRIC AUTO PVT LTD | 25,043 | 2.05% | 25,100 | 2.27% |
| TVS MOTOR COMPANY LTD | 23,376 | 1.91% | 17,171 | 1.55% |
| MINI METRO EV L.L.P | 14,764 | 1.21% | 15,961 | 1.44% |
| UNIQUE INTERNATIONAL | 13,706 | 1.12% | 13,570 | 1.23% |
| ENERGY ELECTRIC VEHICLES | 13,389 | 1.10% | 11,084 | 1.00% |
| HOTAGE INDIA | 12,489 | 1.02% | 12,839 | 1.16% |
| Others including EV | 4,10,665 | 33.61% | 3,65,395 | 33.04% |
| Total | 12,21,909 | 100% | 11,05,942 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
- Others include OEMs accounting less than 1% Market Share.
| Commercial Vehicle OEM | CY’24 | Market Share (%) CY’24 | CY’23 | Market Share (%) CY’23 |
| TATA MOTORS LTD | 3,45,928 | 34.43% | 3,65,749 | 36.42% |
| MAHINDRA & MAHINDRA LIMITED | 2,51,058 | 24.98% | 2,36,836 | 23.59% |
| ASHOK LEYLAND LTD | 1,66,390 | 16.56% | 1,69,075 | 16.84% |
| VE COMMERCIAL VEHICLES LTD | 74,542 | 7.42% | 74,082 | 7.38% |
| MARUTI SUZUKI INDIA LTD | 43,582 | 4.34% | 42,854 | 4.27% |
| DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD | 20,985 | 2.09% | 21,099 | 2.10% |
| FORCE MOTORS LIMITED | 18,452 | 1.84% | 15,175 | 1.51% |
| SML ISUZU LTD | 11,617 | 1.16% | 10,442 | 1.04% |
| Others | 72,302 | 7.20% | 68,808 | 6.85% |
| Total | 10,04,856 | 100.00% | 10,04,120 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
| PV OEM | CY’24 | Market Share (%) CY’24 | CY’23 | Market Share (%) CY’23 |
| MARUTI SUZUKI INDIA LTD | 16,39,978 | 40.26% | 15,82,119 | 40.85% |
| HYUNDAI MOTOR INDIA LTD | 5,59,984 | 13.75% | 5,51,369 | 14.23% |
| TATA MOTORS LTD | 5,38,221 | 13.21% | 5,26,010 | 13.58% |
| MAHINDRA & MAHINDRA LIMITED | 4,90,169 | 12.03% | 4,04,292 | 10.44% |
| TOYOTA KIRLOSKAR MOTOR PVT LTD | 2,58,684 | 6.35% | 1,93,285 | 4.99% |
| KIA INDIA PRIVATE LIMITED | 2,37,479 | 5.83% | 2,27,221 | 5.87% |
| SKODA AUTO VOLKSWAGEN GROUP | 79,427 | 1.95% | 92,228 | 2.38% |
| SKODA AUTO VOLKSWAGEN INDIA PVT LTD | 78,813 | 1.93% | 90,773 | 2.34% |
| VOLKSWAGEN AG/INDIA PVT. LTD. | 12 | 0.00% | 33 | 0.00% |
| AUDI AG | 501 | 0.01% | 1,397 | 0.04% |
| SKODA AUTO INDIA/AS PVT LTD | 101 | 0.00% | 25 | 0.00% |
| HONDA CARS INDIA LTD | 68,923 | 1.69% | 77,032 | 1.99% |
| MG MOTOR INDIA PVT LTD | 52,532 | 1.29% | 49,845 | 1.29% |
| RENAULT INDIA PVT LTD | 40,637 | 1.00% | 52,956 | 1.37% |
| NISSAN MOTOR INDIA PVT LTD | 26,169 | 0.64% | 27,836 | 0.72% |
| MERCEDES -BENZ GROUP | 17,334 | 0.43% | 15,550 | 0.40% |
| MERCEDES-BENZ INDIA PVT LTD | 15,797 | 0.39% | 14,305 | 0.37% |
| MERCEDES -BENZ AG | 1,422 | 0.03% | 1,196 | 0.03% |
| DAIMLER AG | 115 | 0.00% | 49 | 0.00% |
| BMW INDIA PVT LTD | 14,278 | 0.35% | 12,499 | 0.32% |
| FORCE MOTORS LIMITED | 8,612 | 0.21% | 7,181 | 0.19% |
| PCA AUTOMOBILES INDIA PVT LTD | 6,643 | 0.16% | 8,968 | 0.23% |
| JAGUAR LAND ROVER INDIA LIMITED | 4,636 | 0.11% | 3,471 | 0.09% |
| FCA INDIA AUTOMOBILES PRIVATE LIMITED | 4,580 | 0.11% | 7,333 | 0.19% |
| BYD INDIA PRIVATE LIMITED | 2,818 | 0.07% | 2,012 | 0.05% |
| VOLVO AUTO INDIA PVT LTD | 1,824 | 0.04% | 2,110 | 0.05% |
| Others | 20,915 | 0.51% | 30,064 | 0.78% |
| Total | 40,73,843 | 100% | 38,73,381 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
| Tractor OEM | CY’24 | Market Share (%) CY’24 | CY’23 | Market Share (%) CY’23 |
| MAHINDRA & MAHINDRA LIMITED (TRACTOR) | 2,08,878 | 23.36% | 1,99,453 | 22.88% |
| MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION) | 1,66,200 | 18.59% | 1,53,992 | 17.66% |
| INTERNATIONAL TRACTORS LIMITED | 1,17,013 | 13.09% | 1,09,954 | 12.61% |
| TAFE LIMITED | 1,03,182 | 11.54% | 1,03,244 | 11.84% |
| ESCORTS KUBOTA LIMITED (AGRI MACHINERY GROUP) | 87,444 | 9.78% | 90,660 | 10.40% |
| JOHN DEERE INDIA PVT LTD (TRACTOR DEVISION) | 67,219 | 7.52% | 64,917 | 7.45% |
| EICHER TRACTORS | 59,495 | 6.65% | 56,621 | 6.49% |
| CNH INDUSTRIAL (INDIA) PVT LTD | 35,925 | 4.02% | 35,214 | 4.04% |
| KUBOTA AGRICULTURAL MACHINERY INDIA PVT.LTD. | 16,343 | 1.83% | 18,864 | 2.16% |
| Others | 32,413 | 3.63% | 38,999 | 4.47% |
| Total | 8,94,112 | 100% | 8,71,918 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
Annexure 2
OEM wise Market Share Data for the Month of Dec’24 with YoY comparison
| Two-Wheeler OEM | DEC’24 | Market Share (%) DEC’24 | DEC’23 | Market Share (%) DEC’23 |
| HERO MOTOCORP LTD | 3,28,634 | 27.44% | 4,64,308 | 31.93% |
| HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD | 3,16,356 | 26.41% | 3,45,128 | 23.73% |
| TVS MOTOR COMPANY LTD | 2,12,899 | 17.78% | 2,33,398 | 16.05% |
| BAJAJ AUTO GROUP | 1,39,125 | 11.62% | 1,82,443 | 12.54% |
| SUZUKI MOTORCYCLE INDIA PVT LTD | 62,788 | 5.24% | 66,530 | 4.57% |
| ROYAL-ENFIELD (UNIT OF EICHER LTD) | 54,024 | 4.51% | 56,063 | 3.85% |
| INDIA YAMAHA MOTOR PVT LTD | 41,651 | 3.48% | 48,344 | 3.32% |
| OLA ELECTRIC TECHNOLOGIES PVT LTD | 13,771 | 1.15% | 30,470 | 2.10% |
| ATHER ENERGY PVT LTD | 10,431 | 0.87% | 6,553 | 0.45% |
| GREAVES ELECTRIC MOBILITY PVT LTD | 2,794 | 0.23% | 2,977 | 0.20% |
| CLASSIC LEGENDS PVT LTD | 2,341 | 0.20% | 2,524 | 0.17% |
| PIAGGIO VEHICLES PVT LTD | 2,228 | 0.19% | 3,012 | 0.21% |
| Others Including EV | 10,700 | 0.89% | 12,603 | 0.87% |
| Total | 11,97,742 | 100% | 14,54,353 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
- Others include OEMs accounting less than 0.1% Market Share.
| Three-Wheeler OEM | DEC’24 | Market Share (%) DEC’24 | DEC’23 | Market Share (%) DEC’23 |
| BAJAJ AUTO LTD | 28,998 | 30.88% | 31,561 | 32.08% |
| PIAGGIO VEHICLES PVT LTD | 6,469 | 6.89% | 7,869 | 8.00% |
| MAHINDRA & MAHINDRA LIMITED | 6,151 | 6.55% | 5,904 | 6.00% |
| MAHINDRA LAST MILE MOBILITY LTD | 6,123 | 6.52% | 5,126 | 5.21% |
| MAHINDRA & MAHINDRA LIMITED | 28 | 0.03% | 778 | 0.79% |
| YC ELECTRIC VEHICLE | 3,800 | 4.05% | 3,818 | 3.88% |
| ATUL AUTO LTD | 2,229 | 2.37% | 1,940 | 1.97% |
| SAERA ELECTRIC AUTO PVT LTD | 2,101 | 2.24% | 2,653 | 2.70% |
| DILLI ELECTRIC AUTO PVT LTD | 2,061 | 2.20% | 2,290 | 2.33% |
| TVS MOTOR COMPANY LTD | 1,909 | 2.03% | 1,605 | 1.63% |
| SAHNIANAND E VEHICLES PVT LTD | 1,204 | 1.28% | 704 | 0.72% |
| MINI METRO EV L.L.P | 1,197 | 1.27% | 1,532 | 1.56% |
| ENERGY ELECTRIC VEHICLES | 1,152 | 1.23% | 1,262 | 1.28% |
| J. S. AUTO (P) LTD | 1,038 | 1.11% | 1,155 | 1.17% |
| ZENIAK INNOVATION INDIA LTD | 1,013 | 1.08% | 277 | 0.28% |
| SKS TRADE INDIA PVT LTD | 989 | 1.05% | 1,081 | 1.10% |
| UNIQUE INTERNATIONAL | 987 | 1.05% | 1,220 | 1.24% |
| Others including EV | 32,594 | 34.71% | 33,513 | 34.06% |
| Total | 93,892 | 100% | 98,384 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
- Others include OEMs accounting less than 1% Market Share.
| Commercial Vehicle OEM | DEC’24 | Market Share (%) DEC’24 | DEC’23 | Market Share (%) DEC’23 |
| TATA MOTORS LTD | 24,185 | 33.58% | 26,743 | 35.18% |
| MAHINDRA & MAHINDRA LIMITED | 18,895 | 26.23% | 19,722 | 25.95% |
| ASHOK LEYLAND LTD | 11,566 | 16.06% | 12,029 | 15.83% |
| VE COMMERCIAL VEHICLES LTD | 4,504 | 6.25% | 5,063 | 6.66% |
| MARUTI SUZUKI INDIA LTD | 3,543 | 4.92% | 3,205 | 4.22% |
| DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD | 1,579 | 2.19% | 1,548 | 2.04% |
| FORCE MOTORS LIMITED | 1,127 | 1.56% | 913 | 1.20% |
| SML ISUZU LTD | 526 | 0.73% | 625 | 0.82% |
| Others | 6,103 | 8.47% | 6,162 | 8.11% |
| Total | 72,028 | 100.00% | 76,010 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
| PV OEM | DEC’24 | Market Share (%) DEC’24 | DEC’23 | Market Share (%) DEC’23 |
| MARUTI SUZUKI INDIA LTD | 1,16,411 | 39.67% | 1,19,936 | 40.07% |
| HYUNDAI MOTOR INDIA LTD | 39,523 | 13.47% | 40,252 | 13.45% |
| TATA MOTORS LTD | 37,939 | 12.93% | 44,566 | 14.89% |
| MAHINDRA & MAHINDRA LIMITED | 35,730 | 12.18% | 32,633 | 10.90% |
| TOYOTA KIRLOSKAR MOTOR PVT LTD | 19,392 | 6.61% | 15,076 | 5.04% |
| KIA INDIA PRIVATE LIMITED | 17,479 | 5.96% | 16,195 | 5.41% |
| SKODA AUTO VOLKSWAGEN GROUP | 6,334 | 2.16% | 7,249 | 2.42% |
| SKODA AUTO VOLKSWAGEN INDIA PVT LTD | 6,299 | 2.15% | 7,173 | 2.40% |
| VOLKSWAGEN AG/INDIA PVT. LTD. | – | 0.00% | 1 | 0.00% |
| AUDI AG | 20 | 0.01% | 75 | 0.03% |
| SKODA AUTO INDIA/AS PVT LTD | 15 | 0.01% | – | 0.00% |
| MG MOTOR INDIA PVT LTD | 5,396 | 1.84% | 3,476 | 1.16% |
| HONDA CARS INDIA LTD | 4,756 | 1.62% | 8,108 | 2.71% |
| RENAULT INDIA PVT LTD | 2,391 | 0.81% | 2,968 | 0.99% |
| NISSAN MOTOR INDIA PVT LTD | 1,656 | 0.56% | 2,129 | 0.71% |
| MERCEDES -BENZ GROUP | 1,468 | 0.50% | 1,386 | 0.46% |
| MERCEDES-BENZ INDIA PVT LTD | 1,338 | 0.46% | 1,228 | 0.41% |
| MERCEDES -BENZ AG | 116 | 0.04% | 148 | 0.05% |
| DAIMLER AG | 14 | 0.00% | 10 | 0.00% |
| BMW INDIA PVT LTD | 1,302 | 0.44% | 1,221 | 0.41% |
| FORCE MOTORS LIMITED | 471 | 0.16% | 483 | 0.16% |
| PCA AUTOMOBILES INDIA PVT LTD | 423 | 0.14% | 692 | 0.23% |
| FCA INDIA AUTOMOBILES PRIVATE LIMITED | 315 | 0.11% | 502 | 0.17% |
| JAGUAR LAND ROVER INDIA LIMITED | 288 | 0.10% | 303 | 0.10% |
| BYD INDIA PRIVATE LIMITED | 284 | 0.10% | 178 | 0.06% |
| VOLVO AUTO INDIA PVT LTD | 125 | 0.04% | 189 | 0.06% |
| Others | 1,782 | 0.61% | 1,809 | 0.60% |
| Total | 2,93,465 | 100% | 2,99,351 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
| Tractor OEM | DEC’24 | Market Share (%) DEC’24 | DEC’23 | Market Share (%) DEC’23 |
| MAHINDRA & MAHINDRA LIMITED (TRACTOR) | 24,289 | 24.46% | 18,586 | 23.54% |
| MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION) | 18,226 | 18.36% | 14,384 | 18.22% |
| INTERNATIONAL TRACTORS LIMITED | 12,766 | 12.86% | 11,350 | 14.38% |
| TAFE LIMITED | 11,555 | 11.64% | 8,059 | 10.21% |
| ESCORTS KUBOTA LIMITED (AGRI MACHINERY GROUP) | 9,252 | 9.32% | 8,160 | 10.34% |
| EICHER TRACTORS | 6,971 | 7.02% | 5,646 | 7.15% |
| JOHN DEERE INDIA PVT LTD(TRACTOR DEVISION) | 6,351 | 6.40% | 5,229 | 6.62% |
| CNH INDUSTRIAL (INDIA) PVT LTD | 4,054 | 4.08% | 3,358 | 4.25% |
| KUBOTA AGRICULTURAL MACHINERY INDIA PVT.LTD. | 1,488 | 1.50% | 1,523 | 1.93% |
| Others | 4,340 | 4.37% | 2,649 | 3.36% |
| Total | 99,292 | 100% | 78,944 | 100% |
Source: FADA Research
Disclaimer:
Vehicle Retail Data has been collated as on 04.01.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,373 out of 1,434 RTOs.
The above numbers do not have figures from TS.
