Hybrid Sales August 2024: 29,271 Units, Up 13.8% YoY
Full Vahan registration report for August 2024 — total volume, month-on-month and year-on-year change, every major hybrid maker ranked by share, which segments those hybrids are in, and the state-wise picture.
How August went
India's hybrid vehicle market registered 29,271 vehicles in August 2024. Volumes pushed ahead 13.8% against August 2023, and ticked lower 1.6% on July.
Year to date, 2,33,057 units have been registered across 8 months, +1.6% on the same stretch of 2023 (2,29,322). The segment accounted for 1.5% of every vehicle registered in India that month.
August runs into the start of the festive build-up, with dealers stocking ahead of Onam and Ganesh Chaturthi.
Monthly hybrid registrations, 2023–2026
One line per calendar year — the shape of the year, not just its total. The dashed end of the current year is the month so far.
Manufacturer scoreboard
Hybrid registrations per manufacturer over full-year 2024, and how each company's share of the hybrid market has moved against full-year 2023.
On share rather than volume — the number that decides who is actually winning — Toyota Kirloskar has added 8.41pp of the segment in 2024, while Maruti Suzuki has given up 9.65pp.
Top 10 hybrid manufacturers, 2024
Hybrid registrations year to date
Exact segment volume per manufacturer over full-year 2024, and the change in share against full-year 2023.
| # | Manufacturer | 2024 units | Share | vs full-year 2023 |
|---|---|---|---|---|
| 1 | Maruti Suzuki | 2,35,177 | 65.79% | −9.65pp |
| 2 | Toyota Kirloskar | 1,07,912 | 30.19% | +8.41pp |
| 3 | Mercedes-Benz | 10,944 | 3.06% | +1.49pp |
| 4 | Honda Cars | 1,375 | 0.38% | −0.03pp |
| 5 | Jaguar Land Rover India | 618 | 0.17% | −0.14pp |
| 6 | Skoda | 465 | 0.13% | −0.08pp |
| 7 | BMW India | 374 | 0.10% | +0.01pp |
| 8 | Mercedes-Benz | 337 | 0.09% | 0.00pp |
| 9 | Audi Ag | 213 | 0.06% | −0.01pp |
| 10 | Others | 17 | 0.00% | −0.01pp |
| 11 | Maserati S.P.A | 11 | 0.00% | 0.00pp |
| 12 | Ferrari Spa | 7 | 0.00% | 0.00pp |
| 13 | Mclaren Automotive (Importer: Infinity Cars) | 6 | 0.00% | 0.00pp |
| 14 | Ferrari Spa (Importer:Navnit Motors Pvt Ltd) | 6 | 0.00% | 0.00pp |
| 15 | Ferrari Spa (Importer:Select Cars P Ltd) | 4 | 0.00% | 0.00pp |
Where the hybrids are
Cars & UVs account for 95.9% of every hybrid registered in 2024 — 3,42,966 units, a share move of −1.49pp against full-year 2023.
Hybrid volume by segment, 2024
Share of segment registrations year to date
The full-year 2024 mix.
| Segment | 2024 units | Share | vs full-year 2023 |
|---|---|---|---|
| Cars & UVs | 3,42,966 | 95.94% | −1.49pp |
| Taxis & Cabs | 13,119 | 3.67% | +1.53pp |
| Buses | 759 | 0.21% | −0.01pp |
| Other | 631 | 0.18% | −0.03pp |
| Two-Wheelers | 1 | 0.00% | 0.00pp |
Share is of this report's own scope over full-year 2024, compared with the whole of 2023.
Where the demand is
Maharashtra was the largest market in full-year 2024 with 38,122 registrations, 10.7% of the segment's national total. Uttar Pradesh (33,039) and Karnataka (31,196) followed. Kerala has gained the most ground, adding 1.39pp of the national total.
Segment registrations over full-year 2024, by state.
| # | State | Units | Share | vs full-year 2023 |
|---|---|---|---|---|
| 1 | Maharashtra | 38,122 | 10.7% | −0.49pp |
| 2 | Uttar Pradesh | 33,039 | 9.2% | +0.42pp |
| 3 | Karnataka | 31,196 | 8.7% | −1.00pp |
| 4 | Kerala | 27,400 | 7.7% | +1.39pp |
| 5 | Tamil Nadu | 27,236 | 7.6% | +0.28pp |
| 6 | Haryana | 25,408 | 7.1% | +0.23pp |
| 7 | Delhi | 23,174 | 6.5% | −0.74pp |
| 8 | Gujarat | 21,354 | 6.0% | −0.70pp |
| 9 | Punjab | 16,198 | 4.5% | +0.41pp |
| 10 | Rajasthan | 12,313 | 3.4% | −0.51pp |
| 11 | Madhya Pradesh | 11,714 | 3.3% | −0.25pp |
| 12 | Chhattisgarh | 10,738 | 3.0% | +0.46pp |
Frequently asked questions
How many hybrids were sold in India in August 2024?
Which company sells the most hybrids in India?
What is the hybrid market share in India in 2024?
Which state registers the most hybrids in India?
Are these wholesale dispatches or retail sales?
Hybrid sales, earlier months
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.
