Auto sales steady in May: Two-wheelers, passenger cars lead growth; three-wheeler demand softens

AI-generated image
Vehicle segments demonstrated steady performance in May 2025, as indicated in a recent analysis from the Society of Indian Automobile Manufacturers, quoted by ANI.
The combined domestic sales figures for passenger vehicles, three-Wheelers, two-wheelers, and quadricycles reached 20,12,969 units in May 2025.
The strongest performance was observed in two-wheeler and passenger vehicle categories. However, three-wheelers and quadricycles experienced a downturn in their numbers.
The report highlighted that two-wheeler category, including scooters, motorcycles, and mopeds, showed an increase of 2.2 per cent in May 2025 when compared to the previous year's figures.
Within two-wheelers, scooter sales grew by 7.1 per cent domestically, whilst motorcycle sales remained unchanged, and moped sales decreased by approximately 8 per cent.
Meanwhile, three-wheelers showed a reduction of 3.3 per cent when assessed month-on-month.
The three-wheeler sector's production increased by 10.6 per cent to 164,158 units during the cumulative period, with exports rising by 29.6 per cent to 58,608 units, despite domestic sales falling by 2.0 per cent. The sector outlook remains optimistic, influenced by recent RBI repo rate reductions and predictions of abundant monsoons, which should enhance affordability and buyer confidence in subsequent months.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Buy Brass Idols - Handmade Brass Statues for Home & Gifting
Luxeartisanship
Buy Now
Undo
"Going forward, the RBI's three repo rate cuts totaling 100 basis points in less than six months, along with a forecast of above-normal monsoons are some of the indicators which should positively impact the Auto sector by improving affordability and boosting consumer sentiment in the coming months," said Rajesh Menon, Director General, SIAM, commenting on May-2025 performance.
The passenger vehicle category saw significant contributions from
Maruti Suzuki
India Ltd. and Hyundai Motor India Ltd.
In the Utility Vehicles category, Mahindra & Mahindra Ltd. achieved sales of 84,226 units, while Maruti Suzuki India Ltd. recorded 110,757 units for April-May 2025-26.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Hans India

38 minutes ago

• Hans India

LIC home loan at 7.50%: Know how much your EMI will drop

In a move that brings relief to homebuyers, LIC Housing Finance has slashed its home loan interest rate by 0.50%, bringing the new starting rate down to 7.50% per annum. This follows the Reserve Bank of India's recent repo rate cut from 6.00% to 5.50%, which has prompted several major banks including SBI, Union Bank, and Punjab National Bank to reduce their lending rates as well. Who Benefits? New Borrowers: If you're planning to take a new home loan, you'll now pay less interest. For instance, SBI's earlier starting rate of 8% may now come down to around 7.50%, translating to lower EMIs. Existing Borrowers (Floating Rate): If your loan is linked to the Repo Linked Lending Rate (RLLR), your EMI will automatically reduce during your loan's next reset cycle. Alternatively, your loan tenure might shorten. Fixed Rate Loan Holders: You won't see immediate changes. But you can switch from fixed to floating rates by paying a nominal fee, which may be cost-effective if you're in the early years of repayment. How RLLR Works RLLR is calculated by adding a margin to the repo rate. Example: Repo Rate: 5.50% Bank Margin: 2.65% RLLR = 8.15% Your final loan rate may also include a credit risk premium based on your credit profile. Common Questions Answered Q1: Will existing borrowers benefit? Yes, floating rate loans reset periodically based on the repo rate, as mandated by RBI. However, new borrowers may not receive the full benefit if banks increase their margins. Q2: Can I switch from a fixed rate to floating? Yes, you can switch to RLLR-based loans by paying a small fee. This can lead to long-term savings, especially if you're early in your loan tenure. RBI Has Slashed Rates 3 Times This Year This marks the third repo rate cut in 2025, totaling a 1% reduction: Feb: From 6.5% to 6.25% Apr: Another 0.25% cut Now: 0.50% cut to bring it to 5.50% Home Loan Tips to Keep in Mind Check for Prepayment Penalties: Some banks charge fees if you repay your loan early. Always clarify this before signing. Monitor Your CIBIL Score: A score of 700+ is considered good and can help you get better rates. Compare Bank Offers: Don't rush. Banks often run limited-time offers, so comparing across lenders can save you thousands.

Time of India

42 minutes ago

• Time of India

Zen Technologies acquires 55% stake in defence drone company TISA Aerospace

HYDERABAD: With the spotlight on the defence drone sector post Operation Sindoor, Hyderabad-based anti-drone tech player Zen Technologies Limited has acquired majority stake in emerging defence technology player TISA Aerospace Pvt Ltd, which specialises in indigenously developing loitering munitions and unmanned aerial vehicles (UAVs). Zen Technologies will be acquiring around 54.7% stake in Hyderabad-based TISA Aerospace for a consideration of nearly Rs 6.6 crore. This it will be doing through the acquisition of 2,06,518 equity shares from existing shareholders in the company. Zen Technologies will also be acquiring another 4 lakh 6% compulsory convertible debentures of TISA, which was set up by Raghu Vamsi Group's promoter Vamsi Vikas Ganesula and Kiran Kumar Vagga in December 2020. News of the acquisition powered Zen Technologies shares to the 5% upper circuit at Rs 1995.30 a share on the Bombay Stock Exchange on Monday as compared to the previous sessions close of Rs 1900.30 a share. The move marks Zen Technologies' foray into the rapidly growing domain of loitering munitions, UAVs and precision guided weaponry. Zen Technologies chairman and managing director Ashok Atluri said the move would beef up the company's presence in the rapidly evolving defence drone sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Proteja seu imóvel com Verisure (Saiba mais) Alarme Verisure Solicite orçamento Undo 'TISA's expertise in loitering munitions provides us with immediate access to advanced technologies and platforms that align with the emerging operational requirements of the armed forces,' he said. Pointing out that TISA has achieved significant R&D milestones, which includes the successful execution of a project for DRDO with critical design assistance from IIT Madras, Atluri said: 'By integrating these capabilities with our existing strengths in anti-drone systems and propulsion technologies, we are building a broader and more future-ready defence portfolio.' He said the move is in line with India's 'urgent need' for self-reliance in defence capabilities, particularly in drones and loitering munitions. 'We see strong potential in product integration across platforms, enabling us to scale faster and compete more effectively in both domestic and global markets,' Atluri added. TISA Aerospace is focused on the design, development, and manufacture of advanced loitering munitions and UAVs tailored for defence applications. The company has successfully delivered loitering munitions meeting DRDO specifications and is developing new variants for the Indian Army. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Time of India

43 minutes ago

• Time of India

Strait of Hormuz: Oil supply not an issue for India; 'pricing is a bigger concern,' what experts say

Oil supply through the crucial Strait of Hormuz is unlikely to be affected, even though conflict in the Middle-East continues to escalate and crude prices continue to rise. The region remains tense after the recent US strike on Iran, but there is hope that oil supply routes will continue to operate without disruption, experts told ANI. Former HPCL chairman MK Surana said India has reduced its reliance on oil from this region, but warned that any disruption could still push global prices up. 'Any disruption in the Straits and Middle East supply will definitely affect crude oil prices globally. Therefore, for India, pricing is a bigger concern than the availability,' he said. Any immediate disruption to oil supplies passing through the Strait of Hormuz is unlikely, adding, 'General understanding and hope is that the supply chain through the Straits of Hormuz will not get blocked in reality and Iran will not precipitate actions that will damage any oil infrastructure in the neighbouring countries.' As long as these two situations are maintained, crude prices are unlikely to go above the $80 range, though there may be occasional spikes depending on news flow. However, in case these two conditions become reality, prices will rally sharply, he said. Surana noted that under normal supply-demand conditions and without the current geopolitical tensions, crude oil prices would typically range between $60 and $ 65 per barrel. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo Energy expert Narendra Taneja said that the Strait of Hormuz has never been closed before and any move by Iran to block it would invite strong international backlash. 'Almost 39 per cent of our oil import tankers pass through the Strait of Hormuz. So, the impact on India would be there, but our biggest worry is the price, not the supply or availability. If Iran is allowed to succeed in blocking the Strait, oil prices may go up to USD 150 per barrel.' Bank of Baroda's chief economist Madan Sabnavis said short-term price hikes won't hurt India much, but prolonged surges above $100 a barrel could slow the economy. 'A 10 per cent increase may not have much of an impact on the economy where the fundamentals are robust. But if it is over USD 100 for a prolonged period of time, it would mean virtually a 25 per cent increase over the base case assumption and can have a major impact on these variables." Ajay Srivastava of GTRI warned that India is highly exposed if the Strait shuts, with two-thirds of its oil and half its LNG passing through it. In case the Strait is closed, it could spike prices, inflation and government spending. Union petroleum minister Hardeep Singh Puri, however, assured that India is prepared. 'We had diversified the sources of supply. Out of the 5.5 million barrels of crude oil that India consumes daily, about 1.5 to 2 million come through the Straits of Hormuz. We import roughly 4 million barrels through other routes,' he said. He further added that the oil marketing companies have sufficient stocks, with most having stored for up to three weeks. Another company was reported to have a supply sufficient for 25 days. 'We can increase the supply of crude through other routes. We are in touch with all possible actors.' With tensions in the Middle East persisting, India and global markets are keeping a close eye on the situation, hoping the crucial Strait of Hormuz remains open to prevent a steep surge in crude oil prices. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now