During March 2025, domestic passenger vehicle sales grew 3.6%, with 3,81,358 units sold, as compared to 3,68,090 units sold in the year-ago period.
Read by: 100 Industry Professionals
Read by 100 Industry Professionals
In Q4 of FY25, the PV segment reported a sale of 11,62,560 units, resulting in a growth of 2.4 per cent.“>
The Indian automobile industry showed a steady performance in March 2025, with passenger vehicle sales registering a modest growth, while the two-wheeler and three-wheeler segments witnessed a double-digit growth, according to the data released by the Society of Indian Automobile Manufacturers (SIAM).
During March 2025, domestic passenger vehicle sales grew 3.6 per cent, with 3,81,358 units sold as compared to 3,68,090 units sold in the year-ago period.
On the other hand, for the fiscal year ending March 31, 2025, the passenger vehicle segment showed a muted growth of 2 per cent. During FY25, a total of 43,01,848 units were sold as against 42,18, 750 units sold in the last fiscal.
As per the SIAM data, in Q4 of FY25, the PV segment reported a sale of 11,62,560 units, resulting in a growth of 2.4 per cent.
| Segment | Sales in FY24 | Sales in FY25 | % change |
| Passenger vehicles | 42,18,750 units | 43,01,848 units | 2.0% |
| Three-wheelers | 6,94,801 units | 7,41,420 units | 6.7% |
| Two-wheelers | 1,79,74,365 units | 1,96,07,332 units | 9.1% |
Three-wheelers
The three-wheeler segment during the last fiscal showed a healthy performance, with a growth of 6.7 per cent by selling 7,41,420 units as compared to 6,94801 units sold in the last fiscal. In Q4 too, it showed a solid performance of 7.7 per cent, with 1,78,768 units sold.
Two-wheelers
In FY25, the domestic two-wheeler segment recorded a robust growth of 9 per cent, with 1,96,07, 332 units sold. While in Q4 of last fiscal, it showed a growth of 1.4 per cent, with 45,67,762 units sold.
| Segment | Sales in March, 2024 | Sales in March, 2025 | % change |
| Passenger vehicles | 3,68,090 units | 3,81,358 units | 3.6% |
| Three-wheelers | 56,852 units | 62,813 units | 10.5% |
| Two-wheelers | 14,87,579 units | 16,56,939 units | 11.4% |
Commercial vehicles
Reflecting a more subdued show, commercial vehicles segment reported a degrowth of 1.2 per cent in FY25, while in the last quarter of the previous fiscal, the segment showed growth of 1.5 per cent.
| Segment | Sales in Q4,FY24 | Sales in Q4, FY25 | % change |
| Passenger vehicles | 11,35,505 units | 11,62,560 units | 2.4% |
| Three-wheelers | 1,66,018 units | 1,78,768 units | 7.7% |
| Two-wheelers | 45,03,523 units | 45,67,762 units | 1.4% |
EV penetration
As the market for electric vehicles (EVs) expands in the country, the total EV registrations reached 1.97 million units last fiscal, as compared to 1.68 million units in the year-ago period, according to the SIAM data. This reflects a strong growth of 16.9 per cent on the back of policy intervention by the government in the form of PM e-Drive scheme, PM e-Sewa and Electric Mobility Promotion Scheme (EMPS), combined with new launches by the manufacturers.
Growth outlook for FY26
The industry body maintains a stable growth outlook for FY26 while citing stable macroeconomic conditions, proactive policies and infrastructure spending by the government as key potential growth contributors.
According to SIAM, a normal monsoon would be a major boost for rural and semi-urban regions, which can convert into robust demand, thus resulting in a positive signal for the auto industry.
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