India’s automobile sector recorded robust wholesale performance in November 2025, with all major segments—including passenger vehicles, two-wheelers, and three-wheelers—registering strong double-digit growth, according to the Society of Indian Automobile Manufacturers (SIAM).
Segment-Wise Performance
- Passenger Vehicles: Sales reached 4,12,405 units, up nearly 19 percent year-on-year, marking the highest November tally to date. Growth was supported by sustained consumer demand, improved production supply, and strong festive season buying.
- Three-Wheelers: The segment grew 21.3 percent to 71,999 units. Passenger carriers led this increase with sales up 24.6 percent to 59,446 units, while goods carriers rose 10.9 percent. Electric three-wheelers exhibited mixed trends, with e-rickshaw volumes declining 25.6 percent, whereas e-carts surged 87.9 percent, reflecting diverse adoption patterns in last-mile electric mobility.
- Two-Wheelers: Sales reached 19,44,475 units, a 21.2 percent increase year-on-year. Scooters showed the highest growth at 29.4 percent, driven by strong urban demand, while motorcycles rose 17.5 percent, supported by rural and semi-urban markets. Mopeds were the only segment to see a slight decline of 2.1 percent.
Industry Outlook
Looking ahead, the automobile sector’s momentum is expected to continue into 2026. Supportive factors include government reforms such as GST 2.0, easing of supply constraints, and recovering consumer sentiment.
Rajesh Menon, Director General of SIAM, highlighted that progressive policy measures and positive market sentiment are likely to sustain growth. The strong festive-season demand and resilient domestic market underscore India’s position as a hub for automotive innovation and manufacturing.
Summary
In November 2025, India’s auto industry achieved record wholesale sales across passenger vehicles, two-wheelers, and three-wheelers. Robust festive demand, improved production, and policy support contributed to double-digit growth, reinforcing the sector’s role in driving economic growth, employment, and global competitiveness.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.