Vehicle Sales 2024: Hero MotoCorp Leads, 2,72,37,413 Units, Up 9.1% YoY
Every vehicle registered in India over CY 2024 — January 2024 to December 2024. The calendar year, January to December. Month-by-month volumes, the manufacturer leaderboard, what India actually registered segment by segment, and the same window in every earlier year on record.
Vehicle sales month by month, CY 2024
The Indian vehicle market registered 2,72,37,413 vehicles in CY 2024. Volumes grew 9.1% against the 2,49,62,304 logged over the same 12 months of CY 2023.
November was the strongest month of the period at 33,55,020 vehicles and September the quietest at 18,17,370, an average of 22,69,784 a month. 10 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.
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 | 22,47,856 | 19,39,334 | +15.9% | 8.3% |
| February 2024 | 21,42,870 | 18,77,203 | +14.2% | 7.9% |
| March 2024 | 22,35,419 | 21,48,991 | +4.0% | 8.2% |
| April 2024 | 23,03,231 | 18,20,515 | +26.5% | 8.5% |
| May 2024 | 21,91,877 | 21,17,177 | +3.5% | 8.0% |
| June 2024 | 19,96,076 | 19,64,633 | +1.6% | 7.3% |
| July 2024 | 21,48,824 | 18,67,559 | +15.1% | 7.9% |
| August 2024 | 19,90,301 | 19,29,123 | +3.2% | 7.3% |
| September 2024 | 18,17,370 | 19,82,082 | −8.3% | 6.7% |
| October 2024 | 29,56,540 | 22,25,618 | +32.8% | 10.9% |
| November 2024 | 33,55,020 | 29,84,781 | +12.4% | 12.3% |
| December 2024 | 18,52,029 | 21,05,288 | −12.0% | 6.8% |
Each month links through to its own full report.
Which manufacturer sold the most, CY 2024
Hero MotoCorp led the period with 55,97,563 registrations, up 2.7% on CY 2023. Honda 2W (HMSI) follows on 50,60,024, 5,37,539 behind — a gap of 1.11x.
The fastest riser in the top 15 was Ola Electric, up 54.6% to 4,29,191, while Tata Motors was down 4.5% at 3,66,821.
Top manufacturers by registrations — CY 2024
Total registrations across every vehicle type each manufacturer sells.
Exact registrations over January 2024 to December 2024, with the change against CY 2023.
| # | Manufacturer | CY 2024 units | Share | vs CY 2023 |
|---|---|---|---|---|
| 1 | Hero MotoCorp | 55,97,563 | 20.55% | +2.7% |
| 2 | Honda 2W (HMSI) | 50,60,024 | 18.58% | +20.3% |
| 3 | TVS Motor | 33,82,774 | 12.42% | +13.3% |
| 4 | Bajaj Auto | 27,63,922 | 10.15% | +8.5% |
| 5 | Maruti Suzuki | 17,51,166 | 6.43% | +3.0% |
| 6 | Suzuki 2W | 10,06,505 | 3.70% | +19.1% |
| 7 | Royal Enfield | 8,52,369 | 3.13% | +4.0% |
| 8 | Mahindra | 7,66,727 | 2.81% | +6.5% |
| 9 | Yamaha India | 6,82,013 | 2.50% | +13.6% |
| 10 | Hyundai | 5,84,592 | 2.15% | +1.3% |
| 11 | Tata Motors (PV) | 4,91,614 | 1.80% | −2.3% |
| 12 | Ola Electric | 4,29,191 | 1.58% | +54.6% |
| 13 | Tata Motors | 3,66,821 | 1.35% | −4.5% |
| 14 | Toyota Kirloskar | 2,74,376 | 1.01% | +33.6% |
| 15 | Kia India | 2,50,678 | 0.92% | +4.8% |
What India registered in CY 2024
Two-wheelers dominate every Indian registration total, and CY 2024 is no exception: two-wheelers alone accounted for 72.1% of the 2,72,37,413 vehicles registered across the period.
Taxis & Cabs grew fastest at +30.5%, and other classes slowest at −3.4%.
Market composition — CY 2024
Share of every vehicle registered in the period.
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% |
Fuel mix, CY 2024
Battery-electric vehicles were 7.4% of every registration in CY 2024, against 6.3% in CY 2023. That is 20,26,406 electric vehicles across all segments.
Fuel labels come straight from Vahan and the split below covers the whole market over January 2024 to December 2024 — petrol includes the E20 ethanol blend, which is now the single largest label in the database.
Registrations by fuel — CY 2024
Every vehicle registered in the period, by fuel.
Exact fuel volumes over January 2024 to December 2024.
| Fuel | CY 2024 units | Share | vs CY 2023 | Share move |
|---|---|---|---|---|
| Petrol | 2,07,08,798 | 76.03% | +7.7% | −0.99pp |
| Diesel | 27,52,536 | 10.11% | +2.5% | −0.65pp |
| Electric | 20,26,406 | 7.44% | +28.0% | +1.10pp |
| CNG / LPG | 13,16,664 | 4.83% | +24.7% | +0.60pp |
| Hybrid | 3,57,476 | 1.31% | +7.5% | −0.02pp |
| Other | 75,533 | 0.28% | −6.0% | −0.04pp |
Vehicle sales, year by year
Across the 2 completed windows in our Vahan record, vehicle registrations went from 2,72,37,413 in CY 2024 to 2,92,91,488 in CY 2025, up 7.5% 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.
Vehicle registrations by calendar year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| CY 2026 (to date) | 9 | 2,37,70,759 | +21.8% |
| CY 2025 | 12 | 2,92,91,488 | +7.5% |
| CY 2024 | 12 | 2,72,37,413 | +9.1% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Where the demand was, CY 2024
Uttar Pradesh registered the most vehicles of any state in CY 2024 — 37,58,102, 13.8% of the national total.
The top five states together account for 45.5% of every vehicle registered in the period.
Top states by registrations — CY 2024
All vehicle types, exact for the period.
| # | State | Units | Share | vs CY 2023 |
|---|---|---|---|---|
| 1 | Uttar Pradesh | 37,58,102 | 13.8% | +9.1% |
| 2 | Maharashtra | 28,87,482 | 10.6% | +12.7% |
| 3 | Tamil Nadu | 19,53,516 | 7.2% | +7.0% |
| 4 | Gujarat | 18,99,466 | 7.0% | +4.3% |
| 5 | Karnataka | 18,88,145 | 6.9% | +8.1% |
| 6 | Madhya Pradesh | 16,67,799 | 6.1% | +11.3% |
| 7 | Rajasthan | 16,53,970 | 6.1% | +8.4% |
| 8 | Bihar | 13,95,278 | 5.1% | +8.3% |
| 9 | West Bengal | 11,84,978 | 4.4% | +18.2% |
| 10 | Telangana | 10,26,645 | 3.8% | +7.8% |
| 11 | Haryana | 9,96,185 | 3.7% | +19.2% |
| 12 | Andhra Pradesh | 9,11,762 | 3.3% | +2.3% |
| 13 | Odisha | 8,10,938 | 3.0% | +9.6% |
| 14 | Kerala | 7,79,410 | 2.9% | +2.6% |
| 15 | Chhattisgarh | 7,14,005 | 2.6% | +26.5% |
Frequently asked questions
How many vehicles were sold in India in CY 2024?
What period does CY 2024 cover?
Which manufacturer sold the most vehicles in CY 2024?
Which was the strongest month for vehicle sales in CY 2024?
Which calendar year had the highest vehicle sales?
Are these retail sales or factory dispatches?
Vehicle 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.
