Auto Retail Declines 12.4% In December 2024, Outlook For FY2025 & CY2025 Remains Optimistic

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The automotive retail sales in India saw a decline of 12.49 per cent in December, with 17,56,419 units registered, compared to 20,07,042 units last year, according to data released by the Federation of Automobile Dealers Associations (FADA).

In terms of segment-wise performance, two-wheeler sales came at 11,97,742 units, down 17.6 percent YoY, three-wheeler at 93,892 units, down 4.5 percent YoY, passenger vehicle sales at 2,93,465 units, down 1.9 percent YoY and commercial vehicles at 72,028 units, down 5.2 percent YoY. In contrast, tractor sales were in the green at 99,292 units, up 25.7 percent YoY.

The decline in sales for petrol-powered two-wheelers were attributed to low cash flow, poor market sentiment, supply challenges for popular models and growing shift towards electric vehicles.

FADA President C S Vigneshwar stated that despite heightened discounts and limited financing options failed to offset demand. In the passenger vehicle space, dealers were looking to offload the high inventory buildup following the festive season and aggressive discounting to clear stocks. But poor market sentiment, limited new model launches and intense price competition had impacted the PV segment.

Category Dec '24 Dec '23 Change (in units) Change (in %) Nov '24 Change (in %)
YoY YoY MoM
Two-wheeler 1,197,742 1,454,353 -256,611 -17.64% 2,615,953 -54.21%
Three-wheeler 93,892 98,384 -4,492 -4.57% 108,337 -13.33%
E-Rickshaw (P) 40,845 45,100 -4,255 -9.43% 40,391 1.12%
E-Rickshaw with Cart (G) 5,826 3,692 2,134 57.80% 5,423 7.43%
Three-wheeler (Goods) 9,122 9,546 -424 -4.44% 10,940 -16.62%
Three-wheeler (Passenger) 38,031 39,962 -1,931 -4.83% 51,466 -26.10%
Three-wheeler (Personal) 68 84 -16 -19.05% 117 -41.88%
Passenger Vehicle 293,465 299,351 -5,886 -1.97% 321,943 -8.85%
Tractor 99,292 78,944 20,348 25.78% 80,519 23.31%
Commercial Vehicle 72,028 76,010 -36,216 -47.65% 81,967 -51.45%
LCV 39,794 42,814 -38,152 -89.11% 47,530 -90.19%
MCV 4,662 4,987 17,794 356.81% 5,473 316.24%
HCV 22,781 23,904 -19,113 -79.96% 24,441 -80.40%
Others 4,791 4,305 486 11.29% 4,523 5.93%
Total 1,756,419 2,007,042 -250,623 -12.49% 3,208,719 -45.26%

For the commercial vehicle segment, the slowdown was attributed to low market sentiment, delayed government fund releases and slow financing approvals. Barring tippers, LCV degrowth and unseasonal rains further added to retail slowdown.

For CY2024, the auto retail sales grew 9.1 percent YoY at 2,61,07,679 units as against 2,39,28,293 units sold last year. This includes two-wheelers growing by 10.7 percent YoY, three-wheelers at 10.4 percent YoY, passenger vehicles at 5.1 percent, tractor at 2.5 percent and commercial vehicles reporting flat growth respectively.

Despite multiple headwinds in CY24 – including heatwaves, elections at both central and state levels and uneven monsoons – the auto retail industry remained resilient, closing the year with a 9% YoY growth. Notably, three-wheeler, passenger vehicle and tractor segments touched new all-time highs and two-wheeler barely missed surpassing its CY18 peak. CV is also yet to reach its CY18 peak, a year which saw the introduction of axle load norms,” said Vigneshwar.

Outlook remains positive

The auto dealer body expects that the coming months will see stable growth two-wheeler, commercial vehicles and passenger vehicles to remain in the green.

The confidence stems on the back of improvement in rural liquidity, evolving government policies, new product launches, infrastructure investments, stable credit availability to support the growth.

FADA stated that it remains optimistic on market recovery, coupled with strategic OEM support and policy-level clarity, that will enable retail sales to end CY2025 on a robust note.

Honda India Foundation Hands Over Vehicles To Mumbai Police

Honda India Foundation

The Honda India Foundation handed over 101 Emergency Response Vehicles to the Mumbai Police at a ceremony held in Worli, Mumbai. The deployment includes 100 Honda CB350 motorcycles and one Honda Elevate vehicle modified for police use to support patrolling and field response capabilities in Mumbai.

The flag-off ceremony took place in the presence of Mohd. Suvez Haque, IPS, Joint Commissioner of Police (Administration), Mumbai; Piyush Mittal, Vice-President & Operating Head, General Affairs & Corporate Affairs, Honda Cars India; Rajeev Taneja, Operating Officer, Honda India Foundation and representatives from the police and the foundation.

The motorcycles are equipped with sirens, public-address systems, LED emergency lights, front display boards, windscreens and storage boxes. The Honda Elevate has also been customised for police duties.

This deployment forms part of the Honda India Foundation programme, ‘Sadak Sahayak – Surakshit Marg, Surakshit Jeevan.’

With this handover, the foundation has deployed a cumulative 613 motorcycles to support police mobility and field operations across India.

Hyundai Motor India Announces India Couture Week 2026

Hyundai Ioniq 5

Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced the 19th edition of the India Couture Week.

The event, in its fourth consecutive year in partnership with the Fashion Design Council of India will run from 23rd to 29th July 2026.

For the first time, the event commences with a showcase by designer Anamika Khanna at the Taj Falaknuma Palace in Hyderabad on 23rd July 2026. Subsequent showcases take place at the Taj Palace in New Delhi from 24th to 29th July 2026, featuring designers including Falguni Shane Peacock, Rohit Bal, House of Masaba, JJ Valaya, Tarun Tahiliani, Roseroom by Isha Jajodia, Rimzim Dadu, Arpita Mehta, Kunal Rawal, Dolly J, Jayanti Reddy, Aisha Rao and Rahul Mishra. The event will also include a display of the IONIQ 5.

Tarun Garg, MD & CEO, Hyundai Motor India, said, “As we celebrate 30 remarkable years of driving progress in India, we are delighted to continue our partnership with the Fashion Design Council of India for the fourth consecutive year at Hyundai India Couture Week 2026. This enduring association reflects our shared belief that exceptional design, innovation and craftsmanship have the power to inspire and create meaningful experiences. At Hyundai, design goes beyond aesthetics, it is at the heart of how we shape future mobility. Through platforms like India Couture Week, we are proud to celebrate India’s vibrant creative talent while strengthening our connection with discerning customers who value innovation, style and excellence. As we look ahead, we remain committed to enriching lives through smart mobility solutions and meaningful collaborations that reflect the aspirations of a new India.”

Sunil Sethi, Chairman, FDCI, said, "Our partnership with Hyundai Motor India enters its fourth successful year, reflecting a shared commitment to design excellence, innovation and craftsmanship. Hyundai India Couture Week has evolved into India's most prestigious and awaited couture platform, championing the artistry of our designers and artisans while setting new benchmarks for creativity season after season. We are proud to once again present the 19th edition that celebrates the richness of Indian couture, while shaping the future of global luxury fashion."

Skoda Auto India Introduces Dual-Tone Colours For Slavia Monte Carlo

Skoda Slavia Monte Carlo

Czech automaker Skoda Auto India has added two dual-tone colour options, Shimla Green and Steel Grey, to the Slavia Monte Carlo range. The limited edition is restricted to 200 units and will be available in the 1.0 AT and 1.5 DSG variants.

The Monte Carlo version features blacked-out exterior styling elements and a black and red interior theme. Customers can select between a 1.0-litre TSI engine paired with a 6-speed torque converter automatic transmission and a 1.5-litre TSI engine paired with a 7-speed DSG. The 1.5-litre unit includes Active Cylinder Technology and Plasma-Coated Cylinder Liners.

Ashish Gupta, Brand Director, Skoda Auto India, said, “The Slavia Monte Carlo has been well received by customers for its distinctive design, premium appeal, engaging driving dynamics and strong connection to our motorsport heritage. We are further enhancing the individuality and desirability of the Monte Carlo range, offering customers greater choice and exclusivity. The Slavia Monte Carlo continues to embody the perfect blend of style, performance, and modernity. We will continue to strengthen our sedan portfolio, in line with the evolving aspirations of our customers.”

The Monte Carlo trim pays homage to Skoda's involvement in the Rallye Monte Carlo.

Citroen India Launches Basalt X Comfort Edition At INR 875,000

Citroen Basalt X Comfort

Stellantis-owned French automotive brand Citroen India has announced the launch of the Basalt X Comfort Edition, priced from INR 875,000.

The new edition is introduced as part of the brand's 108th anniversary celebrations and marks the extension of Citroen’s Comfort philosophy to the Basalt lineup.

The Basalt X Comfort Edition features Metropolitan Beige Leatherette Seats as standard and introduces curated Comfort AXS Packs. These packages include equipment such as JBL Audio, dash cameras, a reverse parking camera, a wireless charger and a 10-inch Android touchscreen.

Kumar Priyesh, Business Head & Director – Automotive Brands, Stellantis India, said, "At Citroen, comfort has always been at the heart of everything we do. As we celebrate Citroen's 108th anniversary globally, the introduction of the Basalt X Comfort Edition further reinforces our commitment to bringing comfort-led innovation to Indian customers. Following the encouraging response to the Aircross Comfort Edition, we are extending this philosophy to the Basalt, making premium comfort features more accessible across our portfolio. The Basalt X Comfort Edition combines premium factory-fitted interiors with thoughtfully curated Comfort AXS Packs that enhance convenience, technology and personalisation – delivering greater value and an ownership experience that truly reflects Citroen's Advanced Comfort philosophy."