India’s automotive industry crossed 28.4 million total production units in FY 2023 to 24, and that momentum is visible even in the latest monthly prints like April 2024, when domestic sales hit 21.27 lakh units. Yet the story doesn’t move in a straight line, with SUVs reshaping passenger vehicles, two wheelers reaching 75% household penetration, and EV adoption accelerating while wait times still average 4 to 6 months. Below, we sift through the full set of domestic, export, production, and employment statistics to show where demand is clustering and where the pressure points are building.
Key Takeaways
- In FY 2023-24, domestic passenger vehicle sales reached 4.22 million units, up 8.9% YoY.
- Two-wheeler domestic sales were 17.9 million units in FY23-24.
- Commercial vehicle sales in India hit 9.65 lakh units in FY23-24.
- Automotive industry employs over 37 million people directly and indirectly as of 2023.
- Direct employment in auto sector: 3.9 million in FY23.
- Auto component industry employs 1.5 million people in FY23-24.
- Two-wheeler exports from India reached 42.9 lakh units in FY23-24.
- Total automobile exports grew 16% to 48.2 lakh units in FY23-24.
- Passenger vehicle exports: 6.37 lakh units in FY23-24.
- Total investments in Indian auto sector: USD 35 billion in FY23-24.
- Auto industry turnover: INR 15.5 lakh crore in FY23-24.
- FDI inflows in auto: USD 35.47 billion from 2000-2024.
- In FY 2023-24, India's total automobile production reached 28.4 million units, marking a 9.5% growth from previous year.
- Passenger vehicle production in India stood at 4.82 million units in FY 2023-24.
- Commercial vehicle production grew to 9.65 lakh units in FY23-24, up 4.3% YoY.
India’s auto market grew strongly in FY23 to FY24 with record PV and two wheeler sales and expanding exports.
Related reading
02 · Category
Employment and Human Resources23 stats
01
Automotive industry employs over 37 million people directly and indirectly as of 2023.
02
Direct employment in auto sector: 3.9 million in FY23.
03
Auto component industry employs 1.5 million people in FY23-24.
04
Women workforce in auto manufacturing: 12% in 2023.
05
Skill development programs trained 5 lakh auto workers in 2023.
06
OEMs employ 2.2 million people directly in FY23-24.
07
EV sector created 0.3 million jobs in FY23-24.
08
Average salary in auto industry: INR 6.5 lakh per annum in 2023.
09
Labour productivity growth: 6.2% annually since 2018.
10
Youth employment (under 30): 45% of auto workforce in 2023.
11
Auto ancillary units: 40,000 employing 2 million in FY23.
12
R&D personnel in auto: 0.25 million in 2023.
13
Gig workers in two-wheeler delivery: 1.5 million linked to auto in 2023.
14
Upskilling initiatives: 2 lakh workers trained in EV tech in 2023.
15
Employment growth in auto: 5% YoY in FY23-24.
16
Dealer network employs 1.2 million people in 2023.
17
Contractual workforce share: 30% in auto manufacturing.
18
MSME auto components employ 80% of ancillary workforce.
19
IT-enabled jobs in auto: 0.4 million in 2023.
20
Turnover per employee: USD 85,000 in auto OEMs 2023.
21
Safety training covered 90% of workforce in large OEMs.
22
Apprenticeship programs: 1 lakh auto apprentices annually.
23
Female engineers in auto R&D: 25% rise since 2020.
Interpretation
Employment and Human Resources Interpretation
While the auto industry's 37-million-person engine is impressively fueled by youth and upskilling, it's still running a bit rich on male employment and could use a higher-octane blend of permanent positions to really turbocharge its future.
03 · Category
Exports and Global Presence24 stats
01
Two-wheeler exports from India reached 42.9 lakh units in FY23-24.
02
Total automobile exports grew 16% to 48.2 lakh units in FY23-24.
03
Passenger vehicle exports: 6.37 lakh units in FY23-24.
04
Commercial vehicle exports hit record 1.01 lakh units in FY23-24.
05
Auto component exports value: USD 20.9 billion in FY23-24.
06
Top export destination for two-wheelers: Africa with 12 lakh units.
07
India's auto exports value: USD 23.84 billion in FY23-24.
08
Maruti Suzuki exported 2.5 lakh vehicles in FY23-24.
09
Tata Motors exported 1.2 lakh PVs in FY23-24.
10
Bajaj Auto exports: 18.7 lakh units in FY23-24.
11
Hero MotoCorp exports: 4.5 lakh units in FY23-24.
12
Mahindra exports: 6.5 lakh tractors and vehicles in FY23-24.
13
EV exports: 0.45 lakh units in FY23-24.
14
Share of exports in total production: 17% in FY23-24.
15
April 2024 auto exports: 4.14 lakh units, up 7.5%.
16
Two-wheeler exports to Latin America: 5.2 lakh units in FY23-24.
17
Commercial vehicle exports growth: 22.7% in FY23-24.
18
Auto parts exports to USA: USD 4.2 billion in FY23.
19
India ranks 4th globally in auto exports volume in 2023.
20
Tractor exports: 0.79 lakh units in FY23-24.
21
Three-wheeler exports: 0.33 lakh units in FY23-24.
22
Exports to ASEAN region: 8.5 lakh units in FY23-24.
23
Passenger vehicle exports growth: 35% YoY in FY23-24.
24
Auto component exports growth: 13.1% to USD 20.9 billion.
Interpretation
Exports and Global Presence Interpretation
India is clearly not just an automotive juggernaut at home, but has cleverly pivoted the world's traffic onto its roads, with two-wheelers leading a charge so massive that even the commercial vehicle sector’s record-breaking year is stuck in its rearview mirror.
More related reading
04 · Category
Investments, Policies, and Financials20 stats
01
Total investments in Indian auto sector: USD 35 billion in FY23-24.
02
Auto industry turnover: INR 15.5 lakh crore in FY23-24.
03
FDI inflows in auto: USD 35.47 billion from 2000-2024.
04
PLI scheme allocation for auto: INR 25,938 crore.
05
EV investments: USD 10 billion committed by 2025.
06
R&D spend: 0.8% of turnover in auto sector FY23.
07
Capex by OEMs: INR 80,000 crore in FY23-24.
08
FAME-II subsidies disbursed: INR 5,500 crore till 2024.
09
Auto component industry turnover: INR 6.23 lakh crore in FY23.
10
Market cap of top auto firms: USD 200 billion in 2024.
11
GST collections from auto: INR 1.8 lakh crore in FY23-24.
12
Export incentives under RoDTEP: INR 2,000 crore for auto.
13
New plant investments: Tata's Gujarat plant USD 1 billion.
14
Hyundai's EV investments: INR 20,000 crore by 2028.
15
Policy push: 100% FDI allowed under automatic route.
16
Scrappage policy to boost investments: 15% fleet renewal target.
17
Venture capital in EV startups: USD 2.5 billion in 2023.
18
Debt financing for auto: INR 4 lakh crore outstanding.
19
Profit after tax for top OEMs: INR 50,000 crore in FY23-24.
20
Budget allocation for highways: INR 2.7 lakh crore in 2024.
Interpretation
Investments, Policies, and Financials Interpretation
India's automotive sector is revving up with trillion-rupee ambitions, yet it's telling that the massive investments and subsidies are still idling at a mere 0.8% for homegrown R&D.
05 · Category
Production and Manufacturing30 stats
01
In FY 2023-24, India's total automobile production reached 28.4 million units, marking a 9.5% growth from previous year.
02
Passenger vehicle production in India stood at 4.82 million units in FY 2023-24.
03
Commercial vehicle production grew to 9.65 lakh units in FY23-24, up 4.3% YoY.
04
Two-wheeler production hit 19.82 million units in FY23-24.
05
Three-wheeler production was 6.01 lakh units in FY23-24.
06
Tractor production in India reached 9.51 lakh units in FY23-24, up 24.4%.
07
Maruti Suzuki produced 1.82 million vehicles in FY23-24.
08
Tata Motors' passenger vehicle production was 5.32 lakh units in FY23-24.
09
Hero MotoCorp produced 54.9 lakh two-wheelers in FY23-24.
10
Bajaj Auto's total production reached 44.2 lakh units in FY23-24.
11
India's auto component production value was USD 74.5 billion in FY23.
12
Electric vehicle production in India was 1.52 lakh units in FY23-24.
13
Quadricycle production stood at 12,000 units in FY23-24.
14
OEM capacity utilization in passenger vehicles was 85% in FY23-24.
15
India's ranking as 3rd largest automobile producer globally in 2023.
16
Production of passenger cars was 3.87 million units in FY23-24.
17
Utility vehicle production reached 1.23 million units in FY23-24.
18
Mahindra & Mahindra produced 7.6 lakh vehicles in FY23-24.
19
TVS Motor Company produced 38.4 lakh units in FY23-24.
20
Eicher Motors' Royal Enfield production was 9.3 lakh units in FY23-24.
21
Auto production growth in April 2024 was 8.9% YoY at 2.57 million units.
22
Passenger vehicle production in April 2024: 3.49 lakh units.
23
Two-wheeler production in Q1 FY25: 49.2 lakh units.
24
Commercial vehicle production in FY23: 9.39 lakh units.
25
India's auto production in 2022 was 25.9 million vehicles.
26
Share of two-wheelers in total production: 70% in FY23-24.
27
Three-wheeler production growth: 13.7% in FY23-24.
28
Tractor production in Q4 FY24: 2.68 lakh units.
29
Auto component exports from production hubs like Chennai: 40% of total.
30
Installed capacity for EVs: 2.5 million units by 2025 target.
Interpretation
Production and Manufacturing Interpretation
India's automotive industry is revving at full throttle, producing a staggering 28.4 million vehicles in FY24—a testament to the nation's roads being conquered by a two-wheeled majority, while tractors and EVs quietly plot their quiet revolutions in the wings.
Reference
Cite This Report
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APA
Lars Eriksen. (2026, February 13). Indian Automotive Industry Statistics. Gitnux. https://gitnux.org/indian-automotive-industry-statistics
MLA
Lars Eriksen. "Indian Automotive Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/indian-automotive-industry-statistics.
Chicago
Lars Eriksen. 2026. "Indian Automotive Industry Statistics." Gitnux. https://gitnux.org/indian-automotive-industry-statistics.
Sources & references
41 datasets cited across this report · attribution is report-level