Passenger Vehicle (PV) Sales H1 FY 2024-25: Maruti Suzuki Leads, 19,48,576 Units, Up 1.4% YoY
Every passenger vehicle (cars, UVs and taxis) registered in India over H1 FY 2024-25 — April 2024 to September 2024. The first half of the financial year, April to September. 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.
Passenger Vehicle sales month by month, H1 FY 2024-25
India's passenger vehicle market registered 19,48,576 passenger vehicles in H1 FY 2024-25. Volumes nudged up 1.4% against the 19,20,744 logged over the same 6 months of H1 FY 2023-24.
Passenger vehicles (PV, also called 4W) are privately registered cars and UVs plus taxis and cabs, which Vahan books as a class of their own. In H1 FY 2024-25 that was 17,83,322 cars and UVs and 1,65,254 taxis and cabs; taxis were 8.5% of the total. Against H1 FY 2023-24, cars and UVs were −0.2% and taxis +23.8%.
April was the strongest month of the period at 3,55,619 passenger vehicles and September the quietest at 2,93,776, an average of 3,24,763 a month. 3 of those 6 months grew on the same month a year earlier.
April opens the new fiscal year, usually with price revisions and a reset in dealer inventory.
H1 FY 2024-25 ran from April 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 H1 FY 2023-24.
Passenger vehicles accounted for 15.7% of everything registered in India over the period, down from 16.4% in H1 FY 2023-24. The whole market ran to 1,24,47,679 vehicles over the same window, up 6.6% year on year.
Passenger Vehicle registrations by month — H1 FY 2024-25 vs H1 FY 2023-24
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of H1 FY 2024-25, with the matching month of H1 FY 2023-24 beside it.
| Month | H1 FY 2024-25 units | H1 FY 2023-24 units | YoY | Share of period |
|---|---|---|---|---|
| April 2024 | 3,55,619 | 3,01,186 | +18.1% | 18.3% |
| May 2024 | 3,23,227 | 3,17,568 | +1.8% | 16.6% |
| June 2024 | 3,01,537 | 3,13,839 | −3.9% | 15.5% |
| July 2024 | 3,42,976 | 3,01,739 | +13.7% | 17.6% |
| August 2024 | 3,31,441 | 3,35,634 | −1.2% | 17.0% |
| September 2024 | 2,93,776 | 3,50,778 | −16.3% | 15.1% |
Each month links through to its own full report.
Which manufacturer sold the most, H1 FY 2024-25
Maruti Suzuki led the period with 7,82,721 registrations, broadly flat (−0.2%) on H1 FY 2023-24. Hyundai follows on 2,70,939, 5,11,782 behind — a gap of 2.89x.
The fastest riser in the top 8 was Toyota Kirloskar, up 26.8% to 1,29,576, while Skoda was down 15.3% at 39,507.
Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's passenger vehicle volume over H1 FY 2024-25. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — H1 FY 2024-25
Registrations inside the segment (passenger vehicles only).
Exact registrations over April 2024 to September 2024, with the change against H1 FY 2023-24.
| # | Manufacturer | H1 FY 2024-25 units | Share of passenger vehicles | vs H1 FY 2023-24 |
|---|---|---|---|---|
| 1 | Maruti Suzuki | 7,82,721 | 40.17% | −0.2% |
| 2 | Hyundai | 2,70,939 | 13.90% | −5.5% |
| 3 | Mahindra | 2,32,901 | 11.95% | +17.1% |
| 4 | Tata Motors (PV) | 2,20,536 | 11.32% | −3.0% |
| 5 | Toyota Kirloskar | 1,29,576 | 6.65% | +26.8% |
| 6 | Kia India | 1,16,449 | 5.98% | +3.3% |
| 7 | Skoda | 39,507 | 2.03% | −15.3% |
| 8 | Honda Cars | 31,107 | 1.60% | −6.2% |
| 9 | Tata Motors (EV) | 29,184 | 1.50% | +20.1% |
| 10 | MG Motor | 25,424 | 1.30% | −9.0% |
| 11 | Renault India | 19,564 | 1.00% | −19.6% |
| 12 | Nissan India | 11,983 | 0.61% | −7.8% |
| 13 | Mercedes-Benz | 7,944 | 0.41% | +9.5% |
| 14 | BMW India | 6,991 | 0.36% | +3.8% |
| 15 | Tata Motors | 5,837 | 0.30% | +55.9% |
Passenger Vehicle sales against the rest of the market
Set against the rest of the market, passenger vehicles lagged the national picture over H1 FY 2024-25: +1.4% against +6.6% for every vehicle registered in India.
The table covers every segment Vahan reports over the same 6-month window, so the comparison is like for like — the same months, the same source, on both sides.
Passenger Vehicle share of the Indian market, month by month
Passenger vehicles as a percentage of every vehicle registered that month.
Exact segment volumes over April 2024 to September 2024.
| Segment | H1 FY 2024-25 units | Share | vs H1 FY 2023-24 |
|---|---|---|---|
| Two-Wheelers | 89,11,014 | 71.59% | +9.3% |
| Cars & UVs | 17,83,322 | 14.33% | −0.2% |
| Three-Wheelers | 6,16,876 | 4.96% | +7.3% |
| Tractors | 4,14,714 | 3.33% | −9.0% |
| Goods Carriers | 4,01,948 | 3.23% | −3.7% |
| Taxis & Cabs | 1,65,254 | 1.33% | +23.8% |
| Other classes | 89,657 | 0.72% | −14.1% |
| Buses | 64,894 | 0.52% | +22.8% |
What passenger vehicles run on
Vahan splits a segment by fuel only across a whole calendar year, so this table covers full-year 2024 rather than H1 FY 2024-25 alone — it is exact for that window.
Petrol accounts for 52.7% of passenger vehicle registrations over full-year 2024, with battery-electric at 2.5%.
Passenger Vehicle registrations by fuel — full-year 2024
The full-year 2024 mix.
| Fuel | 2024 units | Share | vs full-year 2023 |
|---|---|---|---|
| Petrol | 22,27,473 | 52.66% | −4.94pp |
| Diesel | 7,71,265 | 18.23% | +0.42pp |
| CNG / LPG | 7,69,566 | 18.19% | +4.06pp |
| Hybrid | 3,56,085 | 8.42% | +0.19pp |
| Electric | 1,05,143 | 2.49% | +0.27pp |
| Other | 364 | 0.01% | 0.00pp |
Every H1 on record
Across the 3 completed windows in our Vahan record, passenger vehicle registrations went from 19,48,576 in H1 FY 2024-25 to 25,48,505 in H1 FY 2026-27, up 30.8% over the stretch.
Passenger Vehicle registrations by half year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| H1 FY 2026-27 | 6 | 25,48,505 | +25.5% |
| H1 FY 2025-26 | 6 | 20,30,218 | +4.2% |
| H1 FY 2024-25 | 6 | 19,48,576 | +1.4% |
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 passenger vehicles were sold in India in H1 FY 2024-25?
What counts as a passenger vehicle (PV)?
What period does H1 FY 2024-25 cover?
Which manufacturer sold the most passenger vehicles in H1 FY 2024-25?
Which was the strongest month for passenger vehicle sales in H1 FY 2024-25?
What share of the Indian market were passenger vehicles in H1 FY 2024-25?
Which half year had the highest passenger vehicle sales?
Are these retail sales or factory dispatches?
Passenger Vehicle sales, other periods
More from the reports desk
Source. Every figure is a vehicle registration, taken 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.
