Vehicle retail sales have risen by 9% in India in 2024
- Vehicle retail sales have risen by 9% in India in 2024.
- Vehicle retail sales have crossed the mark of 26 million units in 2024.
- In 2024, EV sales reached 1.95 million units, up from 1.5 million in 2023.
- EV penetration has also increased to 7.5 per cent, compared with 6.39 per cent in the previous year.
- In the electric two-wheeler (2W) segment, Bajaj Auto’s market share increased by 3 per cent to 25 per cent in December 2024.
- Maruti Suzuki India recorded a 30 per cent jump in sales to 1,78,248 units in December 2024.
- Kia India reported a 6 per cent rise in total sales at 2,55,038 units in 2024 as compared to the previous year.
- In 2024, Hyundai Motor India Limited (HMIL)with 6,05,433 registered the highest-ever yearly domestic sales units.
