The Indian auto business noticed a development of three.1% in Q3 of FY25, in response to the Society of Indian Car Producers (SIAM) report. The sector has carried out nicely, supported by the nation’s macroeconomic stability, which propelled cheap development throughout car segments.
The passenger car business recorded the very best year-on-year (Y-o-Y) development of 4.5% in Q3, with 10,58,145 models offered in 2024 in comparison with 10,12,285 models in 2023. The 2-wheeler business continued its robust efficiency, posting 3% Y-o-Y development with 48,74,590 models offered, in comparison with 47,31,436 models in Q3 FY24.
Within the April-December 2024 interval, the general business grew by 9.2%, pushed primarily by the two-wheeler, three-wheeler, and passenger car segments, though the business car phase skilled a decline.
The business car business posted a modest rise of 1.2% in Q3 FY25, with 2,38,050 models offered in comparison with 2,35,262 models. The three-wheeler phase recorded marginal development of 0.2%, with 1,88,853 models offered in Q3 FY25 in comparison with 1,88,434 models in Q3 FY24.
Auto business’s efficiency in 2024
In complete, the business registered wholesales of 63,59,647 models in Q3 FY25, in comparison with 61,67,583 models in the identical quarter final yr.Shailesh Chandra, President of SIAM, acknowledged, “2024 has been moderately good for the auto business. The secure coverage ecosystem of the Authorities of India in 2024, carried ahead from earlier years, has helped the business. As the brand new yr commences with constructive sentiment created by the Bharat Mobility World Expo, this momentum would additional propel development in 2025.”
Rajesh Menon, Director Common of SIAM, added, “Passenger automobiles, business automobiles, and three-wheelers posted their highest-ever Q3 gross sales, whereas two-wheelers achieved their second-highest Q3 gross sales. Passenger automobiles grew by 4.5% in Q3 of 2024-25, with gross sales of 1.06 million models. Three-wheelers grew by 0.2%, with gross sales of 1.89 lakh models. Two-wheelers grew by 3% on this quarter, posting gross sales of 4.9 million models, whereas business automobiles grew by 1.2% with gross sales of two.38 lakh models.”
Combined efficiency throughout segments
The passenger car business grew 1.8% Y-o-Y in April-December 2024, with 31,39,288 models offered in comparison with 30,83,245 in FY24. Nevertheless, the business car phase declined by 2.3% Y-o-Y, with 6,83,471 models offered in FY25 in comparison with 6,99,850 models in FY24. The three-wheeler business grew by 6.4% with 5,62,652 models offered in FY25, whereas the two-wheeler phase showcased the very best development of 11.6% Y-o-Y, with 1,50,39,570 models offered in FY25 in comparison with 1,34,70,842 in FY24.
“This yr’s development has been primarily pushed by the two-wheeler phase, which grew by 14.5% in 2024 in comparison with the earlier yr, with gross sales of 1.95 crore models. Moreover, passenger automobiles and three-wheelers posted their highest-ever annual gross sales. Passenger automobiles grew by 4.2% in 2024, with gross sales of round 43 lakh models. Three-wheelers posted development of 6.8%, with gross sales of seven.3 lakh models. Nevertheless, business automobiles skilled a slight degrowth of two.7%, with gross sales of 9.5 lakh models, although indicators of restoration are seen in Q3 FY25,” Chandra added.
