Passenger vehicle offices in India, from factories to distributors, increased levels of more than 43 Lakh units in fiscal year 2015, with utility vehicles that represent 65 percent of total sales in the segment, said the Siam industry agency in Tesday.
Shipments of passenger vehicles (PV) increased to 43,01,848 units in the last fiscal year, marking a 2 percent increase compared to 42,18,750 units in fiscal year 2023-24.
The high base effect of the FY24 resulted in moderate growth in the last fiscal year, said the Society of Indian Automobiles (SIAM) manufacturers in a statement.
Public service vehicles continued to boost growth, now contributing to 65 percent of total passenger vehicles in fiscal year 2015, compared to around 60 percent in fiscal year 2014, he added.
Sales of public service vehicles grew by 11 percent to 27.97,229 units in fiscal year 2015 compared to 25.20,691 units in the fiscal year24. In comparison, passenger cars saw a fall or 13 percent to 13,53,287 units compared to 15,48,947 units in the fiscal year24.
The segment of passenger vehicles also registered its highest partners in the 2015 fiscal year, reaching 0.77 million units, 15 percent incorporated for fiscal year 2000, Siam said.
Export growth has been driven by the demand for global models to be manufactured in the country, he added.
Two -wheeled offices to dealers increased 9 percent to 1.96.07,332 units in the last fiscal year, compared to 1.74,365 units in the fiscal year24.
The improved rural demand and the resurgence in consumer confidence are helping the segment to recover, Siam stopped.
The growth in the two -wheeled segment is directed by Scooters due to a better rural and semi -urban connectivity and the availability of Duta models with improved characteristics, he added.
It is noteworthy that the proportion of electric vehicles in two-wheel vehicles has crossed the 6 percent brand in 2024-25 prosecutor, said the industry agency.
In addition, two -wheeled exports registered good growth or 21 % of the last prosecutor compared to fiscal year 2014.
The wholesalers of total commercial vehicles decreased 1 percent the fiscal year last year to 9.56,671 units compared to 9,68,770 units in 2023-24 taxes.
Three -wheeled containers increased 7 percent to 7,41,420 units compared to 6,94,801 units in fiscal year 2000.
“The Indian automobile industry continued its constant performance in fiscal year 2000, promoted by a healthy demand, infrastructure investments, government support policies and continuous emphasis on sustainable mobility,” said Siam president Shailes.
Passenger vehicles and the three -wheeled vehicles witnessed modern growth due to the high base effect, but saw the highest sales in the thesis categories, while the two -wheeled segment recorded strong growth, he added.
However, commercial vehicles witnessed a slight misfortune in the FY2024-25, the performance of thought in recent months has been relatively better, said Chandra.
“In the front of exports, good recovery is observed in all segments, partly passenger vehicles and two -wheeled vehicles, which reflects a better global demand and the growing competitiveness of India,” Note.
“Looking towards the future, the context 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 Chandra.
General sales in all categories increased 7 percent to 2.56.07,391 units the last fiscal year compared to 2.38,57,411 units in the fiscal year24.
In March, passenger vehicles increased by 4 percent year -on -year to 3,81,358 units.
Two -wheeled sales increased 11 percent year -on -year to 16,56,939 units, while three -wheeled offices increased 10 percent to 62,813 units compared to March 2024.
On the growth perspective for the current fiscal year, SIAM points out that all segments are expected to continue with the growth impulse, based on the solid performance of recent years due to the stable macroconic conditions, the proactive government.
A normal monsoon is expected, as is currently forecast by 2025, support a broader economic activity, especially in rural and semi -urban regions, which would be a tail wind for the car sector, he added.
The sector will also benefit from the reforms in the Personal Income Tax announced in the recent 2025-26 Union budget, which has been followed by two consecutive rate cuts by the RBI, Siam said.
These measures would help create the demand through greater accessibility of the vehicle’s finances, he added.
In addition, it is likely that the demand for export in key markets of interest, such as Africa and neighboring countries, continues as vehicles “made in India” are winning traction, Siam said.
“In general, 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 future,” he added.
Posted on April 15, 2025