According to the Society of Indian Automobile Manufacturers (SIAM) report, domestic passenger vehicle sales saw a 1.8% year-on-year (Y-o-Y) decline in Q2 FY2025, with 10,55,137 units sold, compared to 10,74,395 units in Q2 FY24. On the other hand, exports recorded a significant 13.3% increase, rising from 11,79,008 units in Q2 FY24 to 13,35,681 units in Q2 FY25. SIAM released its monthly and Q2 sales report on Monday, revealing that total automobile industry sales grew by 8.9% in Q2 FY25 (July to September), reaching 66,63,875 units, up from 61,16,773 units in Q2 FY24.
September sales saw a 13.1% year-on-year (Y-o-Y) growth, with 24,21,368 units sold domestically in FY25, compared to 21,41,461 units in FY24. However, the passenger vehicle segment experienced a slight decline of 0.4% Y-o-Y in September, with 3,15,689 units sold in FY25, down from 3,16,908 units in FY24.
In the commercial vehicle sector, sales dropped by 11% Y-o-Y, with 2,20,643 units sold in Q2 FY25 compared to 2,47,801 units in Q2 FY24. A closer look shows that medium and heavy commercial vehicles (M&HCVs) fell by 12.2%, with 82,409 units sold in Q2 FY25 versus 93,874 units in Q2 FY24. Light commercial vehicle (LCV) sales also declined by 10.2%, with 1,38,234 units sold in Q2 FY25, down from 1,53,927 units in Q2 FY24.
Two-wheeler sales saw a strong 12.6% Y-o-Y increase, with 51,79,349 units sold in Q2 FY25 compared to 45,98,442 units in Q2 FY24. This growth was led by a 16.9% rise in scooter sales, totaling 18,32,306 units, while motorcycles grew by 10.2%, reaching 32,09,965 units in Q2 FY25. In September alone, two-wheeler sales grew 15.8%, with 20,25,993 units sold in FY25 compared to 17,49,794 units in FY24.
The three-wheeler segment also posted a 6.6% growth, with 2,08,718 units sold in Q2 FY25, up from 1,95,819 units in Q2 FY24. However, quadricycles reported a sharp 91.1% decline, with just 28 units sold in Q2 FY25, down from 316 units in Q2 FY24. For September, the three-wheeler segment grew by 6.7%, with 79,683 units sold in FY25 compared to 74,671 units in FY24.
Passenger vehicle exports grew 6.3% with 1,96,196 units sold in Q2 FY25 against 1,84,598 units Q2 FY24. Commercial vehicle exports grew 16% with 19,990 units sold in Q2 FY25 against 17,239 units Q2 FY24. Three-wheeler sales increased 02% with 81,918 units sold in Q2 FY25 corresponding to 81,794 units in Q2 FY24. Two-wheeler sales increased 15.8% from 8,94,591 units sold in Q2 FY24 to 10,35,997 units in Q2 FY25.
Commenting on the Q2 2024-25 performance, Mr Shailesh Chandra, President, SIAM said, “The overall Indian automobile industry remained strong in Q2 2024-25 with 8.9% growth compared to Q2 2023-24. Two and Three-Wheelers continued to post strong growth of 12.6% and 6.6% respectively, while Passenger Vehicles and Commercial Vehicles posted some degrowth in Q2 of 2024-25 compared to 2023-24. Heavy rainfall in key states and almost the entire ‘Shradh’ period falling in the month of September, did impact the sales numbers of some of the segments. With the rains easing and continued infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate healthy demand in the next quarter.”
Commenting on the Q2 2024-25 performance, Mr Rajesh Menon, Director General, SIAM said, “Although Passenger Vehicle segment de-grew by (-) 1.8% in Q2 of 2024-25 as compared to Q2 of last year, for the 3rd time it crossed the 1 million mark in Q2, posting a sales of 1.06 million units. Two-Wheelers posted sales of 5.18 million units in Q2 for FY 24-25 as compared 4.60 million units in Q2 of last year. Three-Wheelers posted the highest ever sales of Q2 with 2.09 Lakh Units. Commercial Vehicles posted a degrowth of (-) 11% in Q2 of 2024-25 as compared to Q2 of last year, with sales of 2.21 Lakh units.”
 growth, with 24,21,368 units sold domestically in FY25, compared to 21,41,461 units in FY24. However, the passenger vehicle segment experienced a slight decline of 0.4% Y-o-Y in September, with 3,15,689 units sold in FY25, down from 3,16,908 units in FY24.){kind=link}