Shailesh Chandra, President, Siam | Photo credit: Bijoy Ghosh
The automobile industry will closely monitor the macroconomic factors and global geopolitics, which will determine the key demand conditions and the dynamics of the supply chain in the financial year 2025-26 (FY26), the Society of Indian Automobiles Manufacturers Saintay.
All industry segments are expected to continue with the impulse of growth in fiscal year 26, based on the solid performance of recent years due to stable macroconomic conditions, proactive government policies and infrastructure spending by the government, he said.
In addition, he said that a normal monsoon is expected to be predicted by 2025, support a broader, special economic activity in rural and semi -urban regions, which would be a tail wind for the demand of the automotive sector.
“Looking to the future, the backdrop of the stable policy environment, together with recent measures such as reforms in personal income tax and RBI rates cuts, will help support consumer’s confidence and demand in the segments,” said Shailesh Chandra, Siam.
Sharing monthly and annual sales data, Siam also said that the demand for export in the key markets of interest, such as Africa and neighboring countries, is likely to continue as vehicles “made in India” win land.
In terms of sales, the SID industry agency that passenger vehicles (PVS) registered that their largest higher ones (offices for traffickers) in fiscal year 200
Siam said the high base effect of FY24 results in a moderate growth door that utitary vehicles (UV) continued to boost growth, now contributing to 65 percent of total PV sales compared to approximately 60 percent in fiscal year 2014.
UV sales grew by 11 percent year-on-year (interannual) to 27,97,229 units in the last financial year compared to 25,20,691 units in April of March 2023-24.
In the two -wheeled segment, the total number of wholesalers grew by 9 percent year -on -year to 1.96.07,332 units Fy25 compared to 1.79.74,365 units in fiscal year 2014 (while Scooter sales grew by 17.4 percent year Motorcycles grew by five percent year -on -year to 1.22,52,305 units last year24).
In three -wheeled vehicles, total sales grew by 6.7 percent year -on -year in fiscal year 2000 to 7,41,420 units against 6,94,801 units in the fiscal year24.
However, total commercial vehicles (CVS) decreased by 1.2 percent year -on -year to 9.56,671 units in fiscal year 2015 compared to 9.68,770 units in the previous financial year, Siam data indicated.
In general, the industry grew by 7.3 percent year -on -year in fiscal year 2015 to 2.56.07,391 units compared to units 2.38.411 in fiscal year 2014.
“The Indian automotive industry continued its constant performance in the fiscal year2024–25, driven by a healthy demand, infrastructure investments, government support policies and a continuous emphasis on sustainable mobility. Passenger vehicles, two-wheeled vehicles and the three flyers grew in the FY2024-25 compared to the fiscal year 2010-24 They have varied in segments, “says Chandra.
In terms of sales of electric vehicles (EV), SIAM said that total EV records in the country reached 1.97 million units in fiscal year 2000, compared to 1.68 million units for fiscal year 2014, registering a growth of 17 percent.
The electric photovoltaic records crossed units of a LAKH in the fiscal year 2015 registering a growth or 18.2 percent compared to the previous year. The E-Two-Wheelers record also grew by 21.2 percent in fiscal year 2015 compared to the previous year, with 11.5 Lakh Units, he added.
Posted on April 15, 2025