Autosummary
Auto Industry Sees Stable Performance In May Despite Marginal PV Dip: SIAM
In May 2025, domestic passenger vehicle wholesales experienced a slight year-on-year decline of 0.8%, totalling 344,656 units, according to the Society of Indian Automobile Manufacturers. Despite this decrease, overall vehicle dispatches increased by 1.8%, reaching over 2 million units. Maruti Suzuki maintained its leadership in the market, though its sales dropped, while Mahindra & Mahindra saw notable growth.
Auto Industry Sees Stable Performance In May Despite Marginal PV Dip: SIAM
Domestic passenger vehicle (PV) wholesales recorded a marginal decline of 0.8 per cent year-on-year in May 2025, standing at 3,44,656 units as against 3,47,492 units in the same month last year, the Society of Indian Automobile Manufacturers (SIAM) said on Monday. Despite the slight dip in PV numbers, total vehicle dispatches across categories showed a stable performance, rising 1.8 per cent to 20,12,969 units in May, compared to 19,76,674 units in May 2024.
“All vehicle segments posted stable performance in May 2025,” SIAM Director General Rajesh Menon said in a statement. He added that even though the PV segment saw a minor drop, the sales volume of 3.45 lakh units marked the second-highest tally ever for the month of May.
In the PV segment, Maruti Suzuki India remained the market leader but saw a dip in domestic sales at 1,35,962 units compared to 1,44,002 units last year. Mahindra & Mahindra reported significant growth, with 52,431 units sold in May 2025 as against 43,218 units last year. Hyundai Motor India posted 43,861 units, down from 49,151 units in May 2024.
Two-wheeler wholesales rose 2.2 per cent to 16,55,927 units in May from 16,20,084 units a year ago. While motorcycle sales remained flat at 10,39,156 units, scooter sales increased 7.1 per cent to 5,79,507 units, compared to 5,40,866 units in the previous year. Three-wheeler sales declined by 3.3 per cent to 53,942 units from 55,763 units in May 2024. Looking ahead, Menon noted that recent repo rate cuts by the RBI and a forecast of above-normal monsoons could positively impact auto sector growth by enhancing affordability and boosting consumer sentiment.
(With inputs from PTI)
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