Indian automakers report higher car, two-wheeler sales in April

BENGALURU (Reuters) - Indian automakers, including Maruti Suzuki, Tata Motors, and TVS Motor reported higher sales of cars and two-wheelers in April from a year earlier, monthly data from the companies showed on Wednesday.

Each month, automobile makers in India release wholesale numbers, or vehicle sales to dealers.


The sales numbers are seen as a key indicator of private consumption in India. The auto sector contributes around 7% to India's economy.


Indian automakers posted record sales volumes in fiscal 2024 and the momentum is expected to continue in the current financial year.

In April, two-wheeler sales surged amid regional festivals or weddings, while pricier sport utility vehicles (SUVs) were preferred by customers looking to buy cars, analysts noted.

Rising consumer income levels and the availability of easy financing options with lower EMIs (equated monthly instalments) have helped bolster SUV sales, said Amit Hiranandani, automobile sector lead analyst at brokerage SMIFS.

Meanwhile, sales of small cars have been subdued, with high inflation making them unaffordable for their target demographic.


"We expect that by 2026-end or 2027 we will be seeing again a growth in the (hatchback) segment and again this market will revive," said Partho Banerjee, Maruti's head of marketing and sales said in a call after reporting April sales.


Manufacturer Total April Y/Y change

Sales (units) in April (%)

Tata Motors 77,521 11.4

Maruti Suzuki 168,089 4.7

Hyundai Motor India 63,701 9.5

Toyota Kirloskar Motor 20,494 32

TVS Motor 383,615 25.3

Eicher Motors 81,870 11.9


Eicher Motors Trucks and 5,377 -18.1


Escorts Kubota 7,515 -0.7

(This story has been corrected to say that auto sector contributes around 7% to India's economy, not more than 50%, in paragraph 3)

(Reporting by Varun Hebbalalu and Meenakshi Maidas in Bengaluru; Editing by Rashmi Aich and Eileen Soreng)