Car Vahan retail registrations

Car Sales 2024: Maruti Suzuki Leads, 39,00,386 Units, Up 3.5% YoY

Every car registered in India over CY 2024 — January 2024 to December 2024. The calendar year, January to December. Month-by-month volumes, the manufacturer leaderboard, how the segment moved against the rest of the market, and the same window in every earlier year on record.

39,00,386
Car registrations
CY 2024
+3.5%
Year on year
vs CY 2023 (12 mo)
3,25,032
Monthly average
12 months counted
4.81 L
Best month
October 2024
14.3%
Share of all registrations
−0.78pp vs CY 2023

Car sales month by month, CY 2024

India's passenger car market registered 39,00,386 cars in CY 2024. Volumes edged up 3.5% against the 37,68,833 logged over the same 12 months of CY 2023.

October was the strongest month of the period at 4,81,054 cars and September the quietest at 2,68,599, an average of 3,25,032 a month. 5 of those 12 months grew on the same month a year earlier.

CY 2024 ran from January 2024 to December 2024 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of CY 2023.

Cars accounted for 14.3% of everything registered in India over the period, down from 15.1% in CY 2023. The whole market ran to 2,72,37,413 vehicles over the same window, up 9.1% year on year.

Car registrations by month — CY 2024 vs CY 2023

Vahan retail registrations, each month set against the same month a year earlier.

Car sales, month by month — CY 2024

Every completed month of CY 2024, with the matching month of CY 2023 beside it.

Month CY 2024 units CY 2023 units YoY Share of period
January 2024 3,89,681 3,48,913 +11.7% 10.0%
February 2024 3,22,466 2,92,236 +10.3% 8.3%
March 2024 3,10,805 3,33,288 −6.7% 8.0%
April 2024 3,27,754 2,83,293 +15.7% 8.4%
May 2024 2,95,156 2,98,019 −1.0% 7.6%
June 2024 2,75,699 2,93,206 −6.0% 7.1%
July 2024 3,12,973 2,78,804 +12.3% 8.0%
August 2024 3,03,141 3,08,265 −1.7% 7.8%
September 2024 2,68,599 3,25,631 −17.5% 6.9%
October 2024 4,81,054 3,49,437 +37.7% 12.3%
November 2024 3,23,074 3,66,054 −11.7% 8.3%
December 2024 2,89,984 2,91,687 −0.6% 7.4%

Each month links through to its own full report.

Which manufacturer sold the most, CY 2024

Maruti Suzuki led the period with 14,75,593 registrations, broadly flat (−0.4%) on CY 2023. Hyundai follows on 5,63,533, 9,12,060 behind — a gap of 2.62x.

The fastest riser in the top 15 was Tata Motors (EV), up 63.8% to 57,474, while Stellantis Automobiles India was down 40.8% at 5,462.

Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's car volume over CY 2024. Companies that file electric models under a maker of their own appear as separate rows.

Top manufacturers by registrations — CY 2024

Registrations inside the segment (cars only).

Manufacturer leaderboard — CY 2024

Exact registrations over January 2024 to December 2024, with the change against CY 2023.

# Manufacturer CY 2024 units Share of cars vs CY 2023
1 Maruti Suzuki 14,75,593 37.83% −0.4%
2 Hyundai 5,63,533 14.45% −0.2%
3 Tata Motors (PV) 4,90,080 12.57% −1.5%
4 Mahindra 4,83,409 12.39% +23.1%
5 Toyota Kirloskar 2,45,462 6.29% +35.2%
6 Kia India 2,45,230 6.29% +3.9%
7 Skoda 84,660 2.17% −12.8%
8 Honda Cars 70,413 1.81% −9.0%
9 Tata Motors (EV) 57,474 1.47% +63.8%
10 MG Motor 55,420 1.42% +3.4%
11 Renault India 39,984 1.03% −23.4%
12 Nissan India 26,151 0.67% −5.8%
13 Mercedes-Benz 17,034 0.44% +9.7%
14 BMW India 15,142 0.39% +15.1%
15 Stellantis Automobiles India 5,462 0.14% −40.8%

Car sales against the rest of the market

Set against the rest of the market, cars lagged the national picture over CY 2024: +3.5% against +9.1% for every vehicle registered in India.

The table covers every segment Vahan reports over the same 12-month window, so the comparison is like for like — the same months, the same source, on both sides.

Car share of the Indian market, month by month

Cars as a percentage of every vehicle registered that month.

Registrations by segment — CY 2024

Exact segment volumes over January 2024 to December 2024.

Segment CY 2024 units Share vs CY 2023
Two-Wheelers 1,96,48,497 72.14% +11.0%
Cars & UVs 39,00,386 14.32% +3.5%
Three-Wheelers 12,64,087 4.64% +10.3%
Tractors 9,10,951 3.34% +2.1%
Goods Carriers 8,64,152 3.17% −3.2%
Taxis & Cabs 3,29,510 1.21% +30.5%
Other classes 2,06,374 0.76% −3.4%
Buses 1,13,456 0.42% +28.3%

What cars run on

Vahan splits a segment by fuel only across a whole calendar year, so this table covers full-year 2024 rather than CY 2024 alone — it is exact for that window.

Petrol accounts for 55.4% of car registrations over full-year 2024, with battery-electric at 2.4%.

Car registrations by fuel — full-year 2024

The full-year 2024 mix.

Car registrations by fuel — full-year 2024
Fuel 2024 units Share vs full-year 2023
Petrol 21,60,998 55.40% −4.47pp
Diesel 7,23,947 18.56% +0.77pp
CNG / LPG 5,77,011 14.79% +3.16pp
Hybrid 3,42,966 8.79% +0.20pp
Electric 95,183 2.44% +0.34pp
Other 281 0.01% 0.00pp

Car sales, year by year

Across the 2 completed windows in our Vahan record, car registrations went from 39,00,386 in CY 2024 to 42,69,911 in CY 2025, up 9.5% over the stretch.

CY 2026 is still running — 9 of its 12 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.

Car registrations by calendar year

* window still in progress.

Car sales by calendar year
Period Months Units YoY
CY 2026 (to date) 9 36,36,636 +23.1%
CY 2025 12 42,69,911 +9.5%
CY 2024 12 39,00,386 +3.5%

Each row compares only the months that window holds, so a part period is never set against a full one.

Where the demand was

State-level volumes for a single segment come from a calendar-year table, so the figures below cover full-year 2024. Maharashtra leads with 4,49,259 registrations, 11.5% of the segment.

Top states — full-year 2024
# State Units Share
1 Maharashtra 4,49,259 11.5%
2 Uttar Pradesh 4,38,221 11.2%
3 Gujarat 3,42,482 8.8%
4 Karnataka 2,73,945 7.0%
5 Haryana 2,69,660 6.9%
6 Tamil Nadu 2,43,835 6.3%
7 Rajasthan 2,11,296 5.4%
8 Kerala 2,02,533 5.2%
9 Delhi 1,88,289 4.8%
10 Madhya Pradesh 1,82,276 4.7%
11 Telangana 1,58,448 4.1%
12 Punjab 1,47,494 3.8%

Frequently asked questions

How many cars were sold in India in CY 2024?
39,00,386 cars were registered in India in CY 2024, according to Vahan registration data covering January 2024 to December 2024. That is +3.5% against the 37,68,833 registered over the same months of CY 2023.
What period does CY 2024 cover?
CY 2024 runs January to December — January 2024 to December 2024, all 12 months complete.
Which manufacturer sold the most cars in CY 2024?
Maruti Suzuki led with 14,75,593 registrations across the period, ahead of Hyundai on 5,63,533. These are registrations inside the segment only, counted with Vahan's own vehicle-class filter.
Which was the strongest month for car sales in CY 2024?
October 2024 at 4,81,054 registrations. The quietest was September 2024 at 2,68,599, and the period averaged 3,25,032 cars a month.
What share of the Indian market were cars in CY 2024?
14.3%. India registered 2,72,37,413 vehicles of all kinds over the same months, of which 39,00,386 were cars.
Which calendar year had the highest car sales?
Of the 3 comparable windows in our record, CY 2025 is the largest at 42,69,911 registrations.
Are these retail sales or factory dispatches?
Retail. Every figure is a vehicle registration recorded on the Ministry of Road Transport & Highways' Vahan 4 dashboard — the same source FADA uses — not the wholesale dispatch numbers manufacturers announce each month. Registrations reach Vahan a few days after the sale, so recent months keep rising slightly for a while after they close.

Car sales, other periods

More from the reports desk

Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.

Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.

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