SIAM Auto Sales Data: Passenger Vehicle Sales Hit Record 43 Lakh Units In FY25

Passenger vehicle sales in India rose to a record 43 lakh units in the financial year ending March 2025, up 2% from the previous year, according to data released by the Society of Indian Automobile Manufacturers.

Utility vehicles accounted for 65% of total passenger vehicle sales in the financial year ending March 2025, compared to around 60% in the preceding financial year. SIAM said the increase was supported by strong demand for new models, higher feature adoption, and consumer promotions.

"The sales was driven by healthy demand, infrastructure investments, supportive Government policies, and continued emphasis on sustainable mobility," SIAM said, adding, "Sound economic policies and positive market sentiment helped in maintaining growth."

Passenger vehicle exports also reached an all-time high at 7.7 lakh units, growing 14.6% year-on-year. SIAM attributed the rise to higher shipments of India-manufactured global models, particularly to Latin American and African markets.

Sales of two-wheelers rose 9.1% to 1.96 crore units during the year. Three-wheeler sales reached their highest-ever levels at 7.4 lakh units, up 6.7% and surpassing the previous peak from the financial year ending March 2019.

"Growth is led by scooter segment due to improved rural and semi-urban connectivity and availability of newer models with enhanced features," SIAM said in a statement.

Commercial vehicle sales, however, declined 1.2% year-on-year, but the last quarter showed a 1.5% rise, indicating a slight recovery.

Overall, domestic auto sales increased 7.3%, while exports across segments grew 19.2% during the financial year ending March 2025.