India’s Light Vehicle (LV) statistics are approximately approximately 365k units, represent 8% of months in the months (MOM) dropping to 6%.
The sale of passenger vehicles (PV) is calculated for 313k units, indicating 8% decrease in 8% mother and 6% YOY. At the same time, look for bright selling vehicles (LCVs) with the weight of a total vehicle accessing 52k units reached 52K units, marking a 30% of the mother and 4%.
Part of the PV, especially, has seen a reduced demand for urban consumers. Features such as Monsoon season and strong lending methods contribute to general market use.
Source: Globaldata
The sale of the PV and LCVs in June saw 342 Moms of 342k units, compared to 347k units in the Federation of Automobile Associous (FAA). The sale of the trading PV is included by 1% mother, and LCV sales is unchanged.
“Heavy rains and solidity markets that affect the foot and the prices for conversion, despite the highest resources of the selected support,” means fada of the CS Vignesher, noticed in PV sales.
Because of this, PV prostate standards are about 55 days at the end of June, an increase from 52-5 days in May and 50 days in April.
In H1 2025 in general, LV sales were approaching 2.5 million units, showing humble increase in 1% YOY. This figure includes 2.1 million PVs (2% YOY) and 344k LCVs (-2% YOY).
Our partner, Oxford Economic (OE), has reviewed Indian economic predictions until 0.1 PP, with GDP growth is now focused on 6.5% in financial year 2024-25. This recognition is supported by robust 7.4% YOY increased in Q1. While the use of public capital is conducted for early growth, the expenditure and household use shows signs, especially in rural areas, although there is a very good condition from the monsoon and the price of energy.
In addition, the Reserve Bank of India has issued a series of rate reductions, including significant reductions of 50 BPS in June, which brings a repayer Respo to 5.5%. These steps aim to promote investment between the ongoing policy of uncertainty and overcome foreign demand.
Slightly suggested our PV Outlook in 2025 But decreases our LCVs guess in 2025-27.
Still, we keep our expectations that LV sales will pass out five million units in 2025, marking the increase in yoys. Looking forward, we expect the volumes that will increase $ 6.8 million units in 2032.
This article was first published by Globata’s research stage, Automutive Intelligence Center.
