Check Out December 2024 Auto Sales: Maruti Suzuki, Escorts Share Prices in Focus

The Indian automobile industry has long been a reliable indicator of the country’s economic health due to its significant contribution to economic growth, as highlighted in CRISIL’s India Progress Report, November 2024.

In FY2025, the industry is on the verge of a major transformation with the shift towards electric mobility, marking the beginning of a significant change in the sector. The report further noted that the rapid adoption of electric two-wheelers and passenger vehicles, supported by government policies, is reshaping the industry.

However, challenges persist in segments such as commercial vehicles and tractors, where the transition to electric mobility has been slower.

Now, looking at December 2024, the performance of auto manufacturers was mixed. Maruti Suzuki, in the four-wheeler segment, recorded growth in sales, while truck and bus makers showed varied results.

• Maruti Suzuki’s utility vehicle sales for December 2024 reached 64,212 units, up from 44,290 units in December 2023, marking a notable increase.

• Eicher Motors reported a 3.71% year-on-year growth in commercial vehicle sales to 8,324 units in December 2024

• Bajaj Auto’s total two-wheeler sales in December 2024 were 2,72,173 units, a 4% decline compared to 2,83,001 units in the same month last year.

• SML Isuzu’s cargo vehicle sales dropped by 38.4% in December 2024, with 262 units sold compared to 425 units in December 2023.

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