Passenger Vehicle Sales Touched New High During FY25: SIAM

As per data released by the Society of Indian Automobile Manufacturers (SIAM), the passenger vehicle (PV) sales in India clocked a historic high of 4.3 million units during the year ended March 31, 2025 (FY25), reflecting a growth of 2% over FY24.

Rising PV Sales: Key Growth Drivers

The growth in passenger vehicles sales has been mainly backed by the Utility Vehicles (UVs), which accounted for 65% of total PV sales, an increase from around 60% in FY24. This growth was driven by new model launches with modern designs and advanced features as well as attractive discounts and promotional schemes that sustained consumer demand.

The overseas sales or PV exports reached their highest level, posting a growth of 14.6% YoY to 7.7 lakh million units. The growth in exports was fuelled by the global demand for India-manufactured models in Latin American and African markets. India strengthened its presence as a global manufacturing hub as a few automakers expanded their footprints into developed countries.

Growing Indian Automobile Industry

During FY25, the Indian automobile industry saw a growth of 7.3% in domestic sales and a strong 19.2% growth in exports. Backed by growing scooters sales, improved rural connectivity, rising consumer confidence, and ongoing product innovation, the two-wheeler sales experienced a notable recovery with YoY growth of 9.1% to 19.6 million units in FY25.

Electric vehicles (EVs) continued to gain momentum, accounting for over 6% of total two-wheeler sales. Exports of two-wheelers surged by 21.4% to 4.2 million units, fuelled by robust demand from African and Latin American markets. SIAM expects continued growth while looking ahead to FY26, which will be backed by stable macroeconomic conditions, policy incentives, infrastructure development, and a predicted normal monsoon season.

Auto Sales March 2025

Also Read: March 2025 Auto Sales Data Out: Tata Motors, Maruti Suzuki, M&M and More in Focus

Conclusion

The Indian automobile industry demonstrated strong resilience and adaptability in FY25, marked by steady domestic growth, expanding exports, and increasing adoption of electric vehicles

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