Hybrid Vahan retail registrations

Hybrid Sales Q2 FY 2024-25: 85,751 Units, Up 12.9% YoY

Every hybrid registered in India over Q2 FY 2024-25 — July 2024 to September 2024. Q2 of the financial year, July to September. Month-by-month volumes, the manufacturer leaderboard, which segments those hybrids are in, and the same window in every earlier year on record.

85,751
Hybrid registrations
Q2 FY 2024-25
+12.9%
Year on year
vs Q2 FY 2023-24 (3 mo)
28,584
Monthly average
3 months counted
29,760
Best month
July 2024
1.4%
Share of all registrations
+0.13pp vs Q2 FY 2023-24

Hybrid sales month by month, Q2 FY 2024-25

India's hybrid vehicle market registered 85,751 hybrids in Q2 FY 2024-25. Volumes pushed ahead 12.9% against the 75,933 logged over the same 3 months of Q2 FY 2023-24.

July was the strongest month of the period at 29,760 hybrids and September the quietest at 26,720, an average of 28,584 a month. 2 of those 3 months grew on the same month a year earlier.

July sits inside the monsoon, historically a soft month for urban showroom footfall and a strong one for farm equipment.

Q2 FY 2024-25 ran from July 2024 to September 2024 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of Q2 FY 2023-24.

Hybrids accounted for 1.4% of everything registered in India over the period, up from 1.3% in Q2 FY 2023-24. The whole market ran to 59,56,495 vehicles over the same window, up 3.1% year on year.

Hybrid registrations by month — Q2 FY 2024-25 vs Q2 FY 2023-24

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

Hybrid sales, month by month — Q2 FY 2024-25

Every completed month of Q2 FY 2024-25, with the matching month of Q2 FY 2023-24 beside it.

Month Q2 FY 2024-25 units Q2 FY 2023-24 units YoY Share of period
July 2024 29,760 23,244 +28.0% 34.7%
August 2024 29,271 25,722 +13.8% 34.1%
September 2024 26,720 26,967 −0.9% 31.2%

Each month links through to its own full report.

Who is selling the hybrids

Our Vahan data holds manufacturer volumes split by fuel only across a whole calendar year, so the hybrid leaderboard below covers full-year 2024 rather than Q2 FY 2024-25 alone. It is exact for that window.

Maruti Suzuki holds 65.8% of hybrid registrations over full-year 2024, ahead of Toyota Kirloskar.

Top hybrid manufacturers — full-year 2024

Hybrid registrations only; pure battery EVs are counted separately.

Hybrid market share — full-year 2024
# Manufacturer Hybrid 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

Which segments the hybrids are in

The chart is period-exact: it is the hybrid share of every vehicle registered in each month of Q2 FY 2024-25. The split by segment underneath comes from a calendar-year table — Vahan publishes class against fuel only across a whole year — so it covers full-year 2024.

Hybrid share of the Indian market, month by month

Hybrids as a percentage of every vehicle registered that month.

Hybrid registrations by segment — full-year 2024

Strong, mild and plug-in hybrids together; pure battery EVs are counted separately.

Segment 2024 hybrid 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

Fuel mix, Q2 FY 2024-25

Battery-electric vehicles were 8.7% of every registration in Q2 FY 2024-25, against 6.6% in Q2 FY 2023-24. That is 5,18,480 electric vehicles across all segments.

Fuel labels come straight from Vahan and the split below covers the whole market over July 2024 to September 2024 — petrol includes the E20 ethanol blend, which is now the single largest label in the database.

Registrations by fuel — Q2 FY 2024-25

Every vehicle registered in the period, by fuel.

Registrations by fuel — Q2 FY 2024-25

Exact fuel volumes over July 2024 to September 2024.

Fuel Q2 FY 2024-25 units Share vs Q2 FY 2023-24 Share move
Petrol 43,77,088 73.48% +0.5% −1.87pp
Diesel 6,37,980 10.71% −2.7% −0.64pp
Electric 5,18,480 8.70% +35.2% +2.07pp
CNG / LPG 3,22,149 5.41% +10.7% +0.37pp
Hybrid 85,751 1.44% +12.9% +0.13pp
Other 15,047 0.25% −17.0% −0.06pp

Every Q2 on record

Across the 3 completed windows in our Vahan record, hybrid registrations went from 85,751 in Q2 FY 2024-25 to 1,13,924 in Q2 FY 2026-27, up 32.9% over the stretch.

Hybrid registrations by quarter

* window still in progress.

Hybrid sales by quarter
Period Months Units YoY
Q2 FY 2026-27 3 1,13,924 +44.1%
Q2 FY 2025-26 3 79,049 −7.8%
Q2 FY 2024-25 3 85,751 +12.9%

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

Frequently asked questions

How many hybrids were sold in India in Q2 FY 2024-25?
85,751 hybrids were registered in India in Q2 FY 2024-25, according to Vahan registration data covering July 2024 to September 2024. That is +12.9% against the 75,933 registered over the same months of Q2 FY 2023-24.
What period does Q2 FY 2024-25 cover?
Q2 FY 2024-25 runs July to September — July 2024 to September 2024, all 3 months complete. India's financial year runs from 1 April to 31 March, which is the year every listed automaker reports on.
Which was the strongest month for hybrid sales in Q2 FY 2024-25?
July 2024 at 29,760 registrations. The quietest was September 2024 at 26,720, and the period averaged 28,584 hybrids a month.
Which quarter had the highest hybrid sales?
Of the 3 comparable windows in our record, Q2 FY 2026-27 is the largest at 1,13,924 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.

Hybrid 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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