Auto sales jump 7,3% expected to sustain growth momentum

 ​India's automotive industry experienced a robust 7.3% growth in domestic vehicle sales during the fiscal year 2024–25, driven by strong demand across multiple segments and supportive government policies. The Society of Indian Automobile Manufacturers (SIAM) anticipates this momentum to continue into FY26, bolstered by infrastructure investments, economic stability, and a growing emphasis on sustainable mobility. 

Passenger vehicles reached a record 4.3 million units sold, with utility vehicles accounting for 65% of this segment. Two-wheeler sales grew by 9.1%, aided by improved rural demand and a resurgence in consumer confidence. Notably, electric two-wheelers surpassed a 6% market share. Three-wheeler sales also hit a new high of 740,000 units, reflecting increased demand for last-mile mobility solutions. While commercial vehicles saw a slight decline of 1.2%, the last quarter posted a 1.5% growth, indicating a potential rebound.

Exports surged by 19.2%, driven by strong global demand, particularly in Latin America and Africa. Passenger vehicle exports reached 770,000 units, a 14.6% increase, while two-wheeler exports grew by 21.4% to 4.2 million units. This export growth underscores India's expanding footprint in the global automotive market.

Overall, the Indian auto sector's performance in FY24–25 reflects a resilient and adaptive industry poised for sustained growth in the coming years

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