According to the data released by the Society of Indian Automobile Manufactures (SIAM), the total domestic two-wheeler sales in India in October 2024 were 21,64,276 units. This accounts for a 14.2 % YoY increase compared to October 2023, when 18,95,799 two-wheelers were sold in India. In October 2024, domestic sales of scooters, motorcycles, and mopeds stood at 7,21,200, 13,90,696, and 52,380, respectively. While scooters and motorcycles witnessed an increase of 22.3% and 11.0% compared to October 2023, domestic sales of mopeds witnessed a 1.5% decrease.
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SIAM's data also reveals that Indian two-wheeler manufacturers produced 7,18,807 scooters, 16,41,258 motorcycles, and 51,974 mopeds in October 2024. Last year, the production of scooters, motorcycles, and mopeds stood at 6,26,361, 14,54,106, and 47,651, respectively. The production of scooters in October 2024 increased by 14.8%, motorcycles by 12.9%, and mopeds by 9.1%. The total two-wheeler production in India saw an increase of 13.3% in October 2024 compared to the same month last year.
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The Total two-wheeler exports from India also increased by 25.4% last month. SIAM's data shows that two-wheeler manufacturers exported 3,65,242 units overseas compared to 2,91,276 units in October 2023. Scooter exports in October 2024 stood at 43,365, and motorcycle exports at 3,20,459. A total of 1,218 mopeds were shipped to international markets from India in October 2024. The data reveals that motorcycle imports increased by 29.8%, while scooter exports witnessed a slight decline of 1.6% in October 2024. Moped exports, on the other hand, soared 336.2% last month compared to October 2023.
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