Daijiworld Media Network- New Delhi
New Delhi, Apr 15: India’s automotive industry achieved a remarkable feat in the financial year ending March 2025, with passenger vehicle sales soaring to a record 43 lac units, according to the latest data from the Society of Indian Automobile Manufacturers (SIAM).
This marked a 2% increase over the previous year, with utility vehicles leading the charge, contributing to 65% of the total passenger vehicle sales, up from 60% in FY24. The surge in demand is attributed to the introduction of new models, enhanced features, and attractive consumer offers.
SIAM highlighted that the growth was driven by robust demand, infrastructure investments, favourable government policies, and a continuous focus on sustainable mobility. The positive economic climate and strong market sentiment also played crucial roles in maintaining the momentum.
In addition to domestic growth, exports of passenger vehicles also reached a record high of 7.7 lac units, a 14.6% rise from the previous year. This growth was largely fuelled by the export of India-manufactured global models, especially to Latin America and Africa.
The two-wheeler segment showed a notable recovery, with sales increasing by 9.1% to 1.96 crore units in FY25. Scooters drove this growth, thanks to better rural and semi-urban connectivity, alongside newer models offering advanced features.
Meanwhile, three-wheeler sales reached an all-time high of 7.4 lac units, marking a 6.7% rise and surpassing the peak recorded in FY19.
Despite this, commercial vehicle sales saw a slight dip, declining by 1.2% compared to the previous year. However, the final quarter of the year showed a positive turn, with a 1.5% increase.
Overall, domestic automobile sales grew by 7.3%, and exports across all vehicle categories saw an impressive rise of 19.2% in FY25.