PERFORMANCE OF INDIAN AUTO INDUSTRY IN 2024-25
Production
The industry produced 3.10 crore vehicles in FY 2024-25 including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles, up from 2.84 crore vehicles in FY 2023-24.
Domestic Sales
Total Passenger Vehicle sales rose to 43.02 lakh units in FY 2024-25 from 42.19 lakh units in FY 2023- 24. Specifically, Utility Vehicle sales increased from 25.21 lakh units to 27.97 lakh units in FY 2024-25, and sales of Vans grew from 1.49 lakh units to 1.51 lakh units. However, Passenger Car sales declined from 15.49 lakh units to 13.53 lakh units in FY 2024-25.
Overall Commercial Vehicle sales decreased from 9.69 lakh units in FY 2023-24 to 9.57 lakh units in FY 2024-25. Sales of Medium and Heavy Commercial Vehicles remained almost flat at 3.74 lakh units while sales of Light Commercial Vehicles dropped from 5.95 lakh units to 5.83 lakh units in FY 2024-25.
Three-Wheeler sales increased from 6.95 lakh units in FY 2023-24 to 7.41 lakh units in FY 2024-25. Sales of Two Wheelers grew from 1.80 crore units in FY 2023- 24 to 1.96 crore units in FY 2024-25.
Exports
Exports saw growth across all vehicle segments; Passenger Vehicle exports rose from 6.72 lakh units in FY 2023-24 to 7.70 lakh units in FY 2024-25, Commercial Vehicle exports increased from 0.66 lakh units to 0.81 lakh units. Exports of Three Wheeler went up from 3.00 lakh units in FY 2023-24 to 3.07 lakh units in FY 2024-25. Two-Wheeler exports also increased from 34.58 lakh units to 41.98 lakh units.