Passenger Vehicle (PV) Sales 2024: Maruti Suzuki Leads, 42,29,896 Units, Up 5.2% YoY
Every passenger vehicle (cars, UVs and taxis) 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.
Passenger Vehicle sales month by month, CY 2024
India's passenger vehicle market registered 42,29,896 passenger vehicles in CY 2024. Volumes rose 5.2% against the 40,21,338 logged over the same 12 months of CY 2023.
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 CY 2024 that was 39,00,386 cars and UVs and 3,29,510 taxis and cabs; taxis were 7.8% of the total. Against CY 2023, cars and UVs were +3.5% and taxis +30.5%.
October was the strongest month of the period at 5,12,201 passenger vehicles and September the quietest at 2,93,776, an average of 3,52,491 a month. 6 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.
Passenger vehicles accounted for 15.5% of everything registered in India over the period, down from 16.1% in CY 2023. The whole market ran to 2,72,37,413 vehicles over the same window, up 9.1% year on year.
Passenger Vehicle registrations by month — CY 2024 vs CY 2023
Vahan retail registrations, each month set against the same month a year earlier.
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 | 4,21,367 | 3,65,917 | +15.2% | 10.0% |
| February 2024 | 3,49,677 | 3,05,535 | +14.4% | 8.3% |
| March 2024 | 3,40,690 | 3,53,337 | −3.6% | 8.1% |
| April 2024 | 3,55,619 | 3,01,186 | +18.1% | 8.4% |
| May 2024 | 3,23,227 | 3,17,568 | +1.8% | 7.6% |
| June 2024 | 3,01,537 | 3,13,839 | −3.9% | 7.1% |
| July 2024 | 3,42,976 | 3,01,739 | +13.7% | 8.1% |
| August 2024 | 3,31,441 | 3,35,634 | −1.2% | 7.8% |
| September 2024 | 2,93,776 | 3,50,778 | −16.3% | 6.9% |
| October 2024 | 5,12,201 | 3,74,646 | +36.7% | 12.1% |
| November 2024 | 3,47,750 | 3,88,600 | −10.5% | 8.2% |
| December 2024 | 3,09,635 | 3,12,559 | −0.9% | 7.3% |
Each month links through to its own full report.
Which manufacturer sold the most, CY 2024
Maruti Suzuki led the period with 17,04,731 registrations, up 3.1% on CY 2023. Hyundai follows on 5,84,002, 11,20,729 behind — a gap of 2.92x.
The fastest riser in the top 8 was Toyota Kirloskar, up 34.8% to 2,67,891, while Skoda was down 12.8% at 84,683.
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 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 (passenger vehicles only).
Exact registrations over January 2024 to December 2024, with the change against CY 2023.
| # | Manufacturer | CY 2024 units | Share of passenger vehicles | vs CY 2023 |
|---|---|---|---|---|
| 1 | Maruti Suzuki | 17,04,731 | 40.30% | +3.1% |
| 2 | Hyundai | 5,84,002 | 13.81% | +1.3% |
| 3 | Mahindra | 5,07,804 | 12.01% | +21.9% |
| 4 | Tata Motors (PV) | 4,90,621 | 11.60% | −2.2% |
| 5 | Toyota Kirloskar | 2,67,891 | 6.33% | +34.8% |
| 6 | Kia India | 2,50,449 | 5.92% | +4.8% |
| 7 | Skoda | 84,683 | 2.00% | −12.8% |
| 8 | Honda Cars | 72,723 | 1.72% | −9.6% |
| 9 | Tata Motors (EV) | 63,851 | 1.51% | +58.8% |
| 10 | MG Motor | 56,433 | 1.33% | +4.4% |
| 11 | Renault India | 40,599 | 0.96% | −23.2% |
| 12 | Nissan India | 26,202 | 0.62% | −5.8% |
| 13 | Mercedes-Benz | 17,182 | 0.41% | +9.6% |
| 14 | BMW India | 15,189 | 0.36% | +15.2% |
| 15 | Tata Motors | 9,969 | 0.24% | +37.2% |
Passenger Vehicle sales against the rest of the market
Set against the rest of the market, passenger vehicles lagged the national picture over CY 2024: +5.2% 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.
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 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 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 CY 2024 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 |
Passenger Vehicle sales, year by year
Across the 2 completed windows in our Vahan record, passenger vehicle registrations went from 42,29,896 in CY 2024 to 46,29,317 in CY 2025, up 9.4% 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.
Passenger Vehicle registrations by calendar year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| CY 2026 (to date) | 9 | 39,76,202 | +23.7% |
| CY 2025 | 12 | 46,29,317 | +9.4% |
| CY 2024 | 12 | 42,29,896 | +5.2% |
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 5,00,653 registrations, 11.8% of the segment.
| # | State | Units | Share |
|---|---|---|---|
| 1 | Maharashtra | 5,00,653 | 11.8% |
| 2 | Uttar Pradesh | 4,67,370 | 11.0% |
| 3 | Gujarat | 3,56,782 | 8.4% |
| 4 | Karnataka | 3,12,835 | 7.4% |
| 5 | Haryana | 3,01,018 | 7.1% |
| 6 | Tamil Nadu | 2,74,321 | 6.5% |
| 7 | Rajasthan | 2,22,755 | 5.3% |
| 8 | Kerala | 2,08,870 | 4.9% |
| 9 | Delhi | 1,95,192 | 4.6% |
| 10 | Madhya Pradesh | 1,89,529 | 4.5% |
| 11 | Telangana | 1,77,851 | 4.2% |
| 12 | Punjab | 1,58,622 | 3.8% |
Frequently asked questions
How many passenger vehicles were sold in India in CY 2024?
What counts as a passenger vehicle (PV)?
What period does CY 2024 cover?
Which manufacturer sold the most passenger vehicles in CY 2024?
Which was the strongest month for passenger vehicle sales in CY 2024?
What share of the Indian market were passenger vehicles in CY 2024?
Which calendar 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.
