Mixed Trends in Indian Auto Market: Q2 FY25 Report

The Indian automobile market experienced mixed trends in Q2 FY25, with significant declines in passenger car and commercial vehicle sales, contrasted by growth in two-wheeler sales. Notably, passenger cars declined by 20%, while scooter sales grew by 16.9%. A sharp drop in E-rickshaw sales was also observed.

The Society of Indian Automobile Manufacturers (SIAM) released startling figures on Monday, revealing a significant downturn in passenger car sales during the second quarter of FY25. Passenger vehicles, including cars, reported a 1.8% decline, marking their weakest performance amid a challenging economic climate.

The decline in vehicle sales wasn't exclusive to passenger cars as the goods carriers faced a 15.8% drop in sales. Comparatively, light commercial vehicles also succumbed to the pressures of declining demand, with a 10.2% dip from the previous year's figures.

Despite the setback in certain segments, the two-wheeler market showcased resilience. Scooters and motorcycles posted impressive gains, growing at 16.9% and 10.2% respectively. However, the E-rickshaw segment experienced a severe decline of 30.7%, highlighting contrasting trends within India's auto market.

(With inputs from agencies.)