Auto Sales in March 2024

Hero MotoCorp sold 4.9 lakh units in March 2024, declining 5.6% compared to year-ago period. Domestic sales fell 8.6% year-on-year to 4.59 lakh units, but exports grew by 87.6% YoY to 31,158 units in March.

Ashok Leyland recorded a 4% on-year decline in total vehicle sales at 22,866 units, with domestic sales falling 7 percent to 21,317 units during the same period. Medium and heavy commercial vehicle sales dropped 7 percent YoY to 15,562 units in March 2024.

Maruti Suzuki India recorded total production of 1,66,730 vehicles in March this year, rising 8.2 percent over 1,54,148 vehicles produced in the same month last year.

TVS Motor Company recorded 12 percent on-year growth in total sales at 3.54 lakh units for March 2024, with total 2-wheeler sales rising 12 percent YoY to 3.44 lakh units. Domestic 2-wheeler sales increased 8 percent to 2.6 lakh units, and exports jumped 23 percent to 91,972 units during the same period.

Atul Auto reported total sales of 3,128 units in March FY24, down 0.8 percent compared to 3,154 units sold in the same month last fiscal year, but sales in FY24 grew 1.92 percent to 26,039 units compared to the previous year.