Auto sales hit record highs for third year despite slowing growth, SIAM data shows

Indian auto sales saw modest growth in fiscal year 2024-25, with passenger vehicle sales up 2% driven by utility vehicles. Two-wheeler sales surged by 9.1% due to rural demand, while three-wheelers also rose. Commercial vehicles experienced a slight decline. SIAM anticipates continued growth across segments in FY26, supported by stable policies, infrastructure spending, and a predicted normal monsoon.