Auto Sales In October 2024: Hyundai Sells Record SUVs, TVS Motor Sales Up 13%, Tata Motors Sales Flat

Hero MotoCorp registered a growth of 18% in sale of motorcycles and scooters in October 2024 over the corresponding month of the previous fiscal.

"This significant growth was primarily driven by robust demand from key urban and rural areas, particularly in the 100cc and 125cc segment during the festive period," the company said.

Here's a breakup (YoY):

• Total sales up 18% at 6.79 lakh units .

• Scooter sales down 5% at 43,304 units.

• Domestic sales up 17% at 6.57 lakh units.

• Exports up 43% at 21,688 units.

Shares of Mahindra and Mahindra Ltd., Eicher Motor Ltd. and Tata Motor Co. jumped during the Diwali Muhurat Trading on Friday after release of October sales data.

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Total two-wheeler sales of TVS Motor grew by 14%, rising from 4,20,610 units in October 2023 to 4,78,159 units in October 2024. Domestic two-wheeler sales increased by 13%, from 3,44,957 units to 390,489 units.

Motorcycle sales also saw a 14% increase, climbing from 201,965 units in October 2023 to 230,822 units in October 2024. Meanwhile, scooter sales registered a growth of 17%, rising from 165,135 units in October 2023 to 193,439 units in October 2024.

Three-wheeler registered sales of 10,856 units in October 2024 as against 14,104 units in October 2023, TVS Motor said.

TVS Motor's EV sales registered a growth of 45% with sales increasing from 20,153 units in October 2023 to 29,308 units in October 2024.