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Entrepreneur
6 days ago
- Automotive
- Entrepreneur
Auto Industry Faced a Turbulent May 2025: SIAM
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's automobile sector continued its forward march in May 2025, registering consistent output and sales across most vehicle categories, according to the latest data released by the Society of Indian Automobile Manufacturers (SIAM). The report reflects a mixed bag of performance amid the auto industry. The industry produced a total of 25,82,207 vehicles in May 2025, a modest increase from 24,55,637 units during the same period last year. Domestic sales also saw an uptick, reaching 20,12,969 units compared to 19,76,674 in May 2024. However, the growth wasn't uniform across all categories. The passenger vehicles segment, which includes cars, utility vehicles, and vans, recorded a production increase to 3,89,491 units in May 2025 from 3,69,648 units in May 2024. Yet, domestic sales told a different story, edging up only slightly to 3,03,099 units from 3,00,795. While these figures represent the second-highest May sales on record for the PV segment, it still marked a marginal year-on-year decline of 0.8 per cent. "All vehicle segments posted stable performance in May 2025," noted Rajesh Menon, director general of SIAM. "Passenger Vehicles segment posted sales of 3.45 lakh units, though 2nd highest ever of May, the segment de-grew marginally by (-) 0.8 per cent compared to May 2024." The two-wheeler segment, which forms the backbone of India's mobility landscape, fared better. It saw a growth of 2.2 per cent in domestic sales, reaching 16,55,927 units, up from 16,20,084 units in May 2024. Production also rose, from 20,10,446 units in 2024 to 21,04,790 units this year, maintaining its position as the largest contributor to overall vehicle numbers. Conversely, the three-wheeler segment experienced a dip. Domestic sales dropped to 53,942 units in May 2025 from 55,763 units the year before, marking a decline of 3.3 per cent. Production, however, rose from 74,879 to 87,555 units, suggesting manufacturers may be anticipating a rebound or focusing on export markets. "Three-Wheelers de-grew by (-) 3.3 per cent compared to May of previous year, with sales of 0.54 lakh units," Menon stated. On the brighter side, he emphasized the potential of macroeconomic levers in improving the sector's future outlook. "Going forward, the RBI's three repo rate cuts totalling 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." The quadricycle segment, while still nascent, remained negligible in its contribution, with production falling from 664 units in May 2024 to 371 units this year. Only one unit was sold domestically, a steep drop from 32 last year, underscoring its limited market traction.
Time of India
7 days ago
- Automotive
- Time of India
Indian auto industry remains steady in May 2025 with muted PV, marginal sales growth in 2Ws: SIAM
The Indian automobile industry reported a steady but subdued performance in May 2025, with negligible change in the passenger vehicle segment, a slight decline in three-wheelers sales, and marginal growth in two-wheelers, according to SIAM data released on Monday. The passenger vehicle segment recorded a slight year-on-year decline of 0.8 per cent, with 3,44,656 units sold in May 2025 compared to 3,47,492 units in the same month last year. In contrast, two-wheeler sales rose marginally by 2.2 per cent, with 16,55,927 units sold last month as compared to 16,20,084 units in May 2024. Under the two-wheeler segment, scooter sales grew significantly by 7.1 per cent, reaching 5,79,507 units, while motorcycle sales remained flat at 10,39,156 units. On the other hand, moped sales declined by 7.7 per cent, totaling 37,264 units in May 2025. On the auto industry performance, Rajesh Menon, Director General of SIAM, said: 'All vehicle segments posted stable performance in May 2025. The passenger vehicle segment reported sales of 3.45 lakh units— the second-highest ever for May—though it declined marginally by 0.8 per cent compared to May 2024. The three-wheeler segment declined by 3.3per cent year-on-year, with sales of 0.54 lakh units, while the two-wheeler segment grew by 2.2per cent, with sales reaching 16.56 lakh units.' Quadricycle reported 96.9 per cent decline with a single unit sold in May 2025. The three-wheeler segment declined by 3.3 per cent, with 53,942 units sold in May 2025. Passenger carriers fell by 2.4 per cent to 44,354 units, while goods carriers dropped 1.6 per cent to 8,720 units Segment May 2024May 2025% ChangePassenger Vehicles3,47,492 3,44,656 -0.8%Three Wheelers 55,763 53,942 -3.3%Two Wheelers 16,20,084 16,55,927 2.2%Quadricycle 32 1 -96.9% Overall OutlookThe total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in May 2025 stood at 25,82,207 units. Looking ahead, the industry is optimistic about improved sales in the coming months. Commenting on this, Menon noted, 'Going forward, the RBI's three repo rate cuts—totaling 100 basis points over the past six months—along with a forecast of above-normal monsoons, are indicators that should positively impact the auto sector by improving affordability and boosting consumer sentiment.'
Hindustan Times
7 days ago
- Automotive
- Hindustan Times
Passenger vehicles stable in May 2025, SIAM reports 2.2% growth in two-wheelers
While certain categories witnessed contractions in local sales for the month, others continued on the growth path, and exports continued to be a highlight (Photo is representational) Check Offers The Indian automotive sector maintained its dynamic course during May 2025, reporting a combination of growth and restructuring in major segments. While certain categories witnessed contractions in local sales for the month, others continued on the growth path, and exports continued to be a highlight. These trends build upon the foundational performance of the preceding fiscal year and set the tone for the current financial year's cumulative figures. Rajesh Menon, Director General, SIAM, commented on the May 2025 performance, stating, "All vehicle segments posted stable performance in May 2025." He highlighted that the Passenger Vehicles segment recorded sales of 3.45 Lakh units, marking its second highest May sales ever, despite a marginal de-growth of (-) 0.8 per cent compared to May 2024. The Two-Wheeler segment, however, saw growth of 2.2 per cent in May 2025 with sales of 16.56 Lakh units. Also Read : Indian auto industry starts FY26 on mixed note: Domestic sales dip, exports see sharp rise Passenger Vehicles In May 2025, domestic sales of Passenger Vehicles stood at 344,656 units, a slight decrease from 347,492 units sold in May 2024 (0.8 per cent). Looking into the domestic sales figure, Passenger Cars showed a decline with sales of 93,951 units in May 2025 versus 106,952 units in May 2024 which is a decline of 12.2 per cent. Utility Vehicles, which was a major contributor of growth last fiscal year also had a positive domestic sales performance in May and improved by 7.6 per cent to 196,821 units from 182,883 units sold in May 2024. Vans also showed a 12.5 per cent improvement in domestic sales at 12,327 units in May 2025. The cumulative total for April-May 2025-26 total domestic Passenger Vehicle sales increased by 3.1 per cent to 6,06,747 units compared to 5,88,541 units for the same period of 2024-25. The cumulative total was contributed largely by Utility Vehicles which saw an increase of 9.8 per cent in domestic sales (3,97,883 units in April- May 2025-26 vs. 3,62,212 units in April-May 2024-25). However, Passenger Cars saw a 9 per cent decline in cumulative domestic sales from 2,03,309 units to 1,85,099 units. Vans did see a positive increase for cumulative domestic sales with 3.2 per cent. On the export side, Passenger vehicles were strong. In May 2025, exports grew by 24.4per cent to 67,181 units compared to 53,991 units in May 2024. Utility Vehicle exports were leading, seeing growth of 32.3per cent (32,411 units compared to 24,490 units), while Passenger Car exports grew by 17.7 per cent (33,902 units compared to 28,802 units). On a cumulative basis for April-May 2025-26, Passenger Vehicle exports grew by 22.2 per cent to 1,26,576 units compared to 1,03,554 units in the previous year. Of this Utility Vehicle exports accounted for the main contribution with growth of 46 per cent (63,526 units compared to 43,512 units). Also Read : Maharashtra tops list of states for PV sales in FY25 Two-Wheelers The Two-Wheeler segment reported domestic sales of 16,55,927 units in May 2025 vis-a-vis 16,20,084 units in May 2024, thereby registering a growth of 2.2per cent. The increase this month was led by Scooters with a growth of 7.1per cent in domestic sales (5,79,507 units vis-a-vis 5,40,866 units). Motorcycles registered a marginal 0.0per cent change in domestic sales with stable sales of 10,39,156 units. Mopeds reported a decline in domestic sales of 7.7 per cent (37,264 units vis-a-vis 40,394 units). While growth was recorded vs. the prior month in May, cumulative domestic sales for Two-Wheelers for April-May 2025-26 declined by 7.6 per cent to 31,14,711 units compared to 33,71,477 units of April-May 2024-25. Scooters had marginal cumulative domestic sales growth of 0.5 per cent. Motorcycles recorded a cumulative decline of 11.8 per cent and mopeds were down by 7.7 per cent in the cumulative period. Cumulatively, two-wheeler exports continued their robust performance. In May 2025, exports turned positive by 21.7 per cent from 3,13,131 units to 3,80,979 units in May 2024. Motorcycles were the trigger, escalating by 27.1 per cent (3,33,149 units vis-a-vis 2,62,023 units) during May 2025. Cumulatively for April-May 2025-26, two-wheeler exports surged above the prior year, increasing 18.1 per cent from 6,34,181 units to 7,49,180 units in the same time frame from last year. This continued cumulative growth was supported mainly by the Motorcycle sector with a surge of 25 per cent. Overall outlook The overall production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in May 2025 was 25,82,207 units. While some segments experienced short-term fluctuations in domestic sales, the strong export performance and positive indicators like recent RBI repo rate cuts and an above-normal monsoon forecast paint a promising picture for the Indian auto sector in the coming months, potentially boosting affordability and consumer sentiment. Looking ahead, Menon noted that the RBI's recent repo rate cuts and a forecast of above-normal monsoons are positive indicators that should enhance affordability and boost consumer sentiment in the coming months. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 16 Jun 2025, 11:51 AM IST
Time of India
7 days ago
- Automotive
- Time of India
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
Time of India
7 days ago
- Automotive
- Time of India
Passenger vehicle sales stay flat in May; Utility vehicles drive growth: SIAM
Mumbai: Domestic passenger vehicle dispatches counted as sales, remained largely unchanged in May 2025, rising just 0.8% year-on-year to 3,03,099 units from 3,00,795 units in the same month last year, as a decline in car sales offset strong growth in the utility vehicle segment. According to data released by the Society of Indian Automobile Manufacturers (SIAM), car sales dropped 12.2% to 93,951 units, while utility vehicles (UVs) rose 7.6% to 1,96,821 units. Vans, which form a smaller portion of the market, posted a 12.5% increase to 12,327 units. 'The overall passenger vehicle segment showed a marginal growth as the decline in passenger car sales balanced out the robust performance in UVs,' said Rajesh Menon, Director General of SIAM. 'The UV segment continues to be the growth driver for the PV market, with several new models and strong customer preference for SUVs sustaining the momentum.' The data shows a continued shift in consumer preferences toward larger vehicles, particularly compact and mid-size SUVs. Maruti Suzuki , the country's largest carmaker, recorded a modest increase in overall PV sales to 1,35,962 units in May 2025, aided by strong demand for its Fronx and Brezza in the UV category. However, sales of its compact and mini cars such as Alto and Swift remained under pressure. Hyundai Motor India reported a total of 58,133 units in May, with over half of them coming from its popular Creta, Venue, and Exter models. Mahindra & Mahindra continued its strong run in UVs, posting domestic sales of 52,431 units during the month, up from 43,218 a year ago. Kia India also reported robust growth, with May sales rising to 22,315 units from 19,500 last year. Toyota saw sales increase to 24,279 units, compared to 19,289 in May 2024, driven by models like the HyRyder and Innova HyCross. Skoda, which has pivoted towards UVs through the Kushaq and Slavia, posted 5,801 units in May, a sharp increase from 1,342 in the same period last year. Meanwhile, three-wheeler sales fell 3.3% to 53,942 units, despite an 18.9% rise in production. Passenger carriers declined marginally, while goods carriers continued their subdued performance. In contrast, exports of three-wheelers surged 36.7% to 31,084 units, reflecting growing demand from international markets. Two-wheeler sales remained subdued, inching up just 2.2% year-on-year to 16,55,927 units. While scooter volumes rose 7.1% to 5,79,507 units, motorcycle sales were flat at 10,39,156 units. Electric two-wheeler sales saw steady gains, led by TVS, Bajaj, and Ather. 'The two-wheeler segment is still facing challenges in rural demand, but the urban premium and electric sub-segments have shown better traction,' Menon said. Total vehicle production in May stood at 25,82,207 units, marking a 5.2% growth over last year. Exports across categories rose 22.8% to 4,79,538 units. While domestic demand trends remained mixed, manufacturers are leaning on exports to sustain volumes in the face of a high base and evolving market dynamics. With the monsoon expected to be normal and new launches lined up in the coming months, the industry remains cautiously optimistic for the rest of the fiscal year.
