Automobile dispatches from companies to dealers rose 12% in 2024: SIAM
The Society of Indian Automobile Manufacturers (SIAM) has said that Automobile dispatches from companies to dealers rose 12 per cent in last year (2014) as compared to 2023 on the back of positive consumer sentiments which aided robust demand for two-wheelers. It stated total wholesales across categories rose to 2,54,98,763 units in 2024 against 2,28,39,130 units in 2023, a growth of 11.6 per cent.
SIAM President Shailesh Chandra said ‘2024 has been reasonably good for the auto industry. Positive consumer sentiments and the country's macroeconomic stability helped in propelling reasonable growth for the sector across vehicle segments.’ He added last year, the growth was primarily driven by the two-wheeler segment which grew by 14.5 per cent in 2024 over a year ago. Dispatches of scooters, bikes and models rose by 14.5 per cent to 1,95,43,093 units in 2024 compared to 1,70,75,432 units a year ago. Motorcycle dispatches witnessed a growth of 12 per cent year-on-year to 1,23,52,712 units in the previous year.
Further he stated that passenger vehicles and three-wheelers posted their highest-ever sales in a calendar year. Passenger vehicles grew by 4 per cent in 2024 compared to 2023, with sales of around 43 lakh units. Similarly, three-wheelers posted a growth of 7 per cent in 2024 with sales of 7.3 lakh units. However, commercial vehicles posted a slight dip of 3 per cent in 2024 compared to the preceding year. Besides, he added ‘The stable policy ecosystem of the Government of India in 2024, carrying on from the previous years, has helped the industry. As the new year commences with a positive sentiment being created through the Bharat Mobility Global Expo, this momentum would further propel growth in 2025.’
