Passenger vehicle wholesales in India hit record 45.5L units in 2025

New Delhi: Passenger vehicle wholesales in India clocked a record 45.5 lakh units in 2025, growing by nearly 6 per cent, turbocharged by GST 2.0 in the latter part of the year that helped overcome a sluggish start, as per industry estimates.

The growth in 2025 was led by record annual sales from the likes of market leader Maruti Suzuki India, Mahindra & Mahindra, Tata Motors Passenger Vehicles, Toyota Kirloskar Motor, and Skoda Auto India, thereby helping the industry beat the previous highest of 43.05 lakh units clocked in 2024.

Home-grown automakers Mahindra & Mahindra and Tata Motors Passenger Vehicles (TMPV)leapfrogged long-time number two player Hyundai Motor India to become the second- and third-largest PV makers by volume in 2025, with the South Korean arm slipping to fourth position.

SUVs continued to enjoy strong traction, going up to 55.8 per cent of total PVs sold in India from 53.8 per cent in 2024, even as small cars showed signs of recovery in the GST 2.0 era.

Maruti Suzuki India clocked wholesales of 18.44 lakh units in 2025, bettering its previous highest of 17.90 lakh units registered in 2024, company Senior Executive Officer, Marketing & Sales, Partho Banerjee, told reporters in an interaction.

For the industry, he said, 2025 total sales is estimated at 45.5 lakh units as compared to 43.05 lakh units clocked in 2024. Factors such as GST reduction, coupled with income tax relief on income of up to Rs 12 lakh and repo rate cuts, helped the auto industry performance in 2025, he noted.

“We need to split 2025 into two halves -- pre GST and the post GST...it is a combination of these things which has really pepped up the market from the month of October onwards,” Banerjee said.

Similarly, Tata Motors Passenger Vehicles MD and CEO Shailesh Chandra said CY25 saw steady progress for the PV industry, powered by a growing preference for SUVs and accelerating adoption of cleaner, emission-friendly powertrains.

For TMPV, he said, “The momentum sparked by the roll-out of GST 2.0 in late Q2 FY26 gained further traction in Q3, resulting in several new records...it was the fifth consecutive year of record-breaking annual sales, with 5,87,218 units sold, including the highest-ever EV volumes of 81,125 units in a calendar year.”

Likewise, M&M CEO, Automotive Division, Nalinikanth Gollagunta, said, “The calendar year 2025 ended on a positive note, with Mahindra clocking its highest-ever volumes in both SUVs and LCVs (over 3.5T) segments, a significant milestone for the company.”

Hyundai Motor India Ltd reported a 6.6 per cent year-on-year growth in total sales at 58,702 units in December 2025. It included monthly domestic sales of 42,416 units and exports of 16,286 units.

“Driven by the positive momentum from GST 2.0 reforms, Hyundai Motor India recorded a robust 6.6 per cent year-on-year growth in total monthly sales for December 2025,” HMIL Managing Director & CEO Tarun Garg said.

Toyota Kirloskar Motor (TKM) also reported its highest-ever calendar year sales with a total of 3,88,801 units in 2025, reflecting a growth of 19 per cent compared to the 3,26,329 units sold in CY 2024.

Skoda Auto India also reported its best-ever sales performance at 72,665 units in 2025 as compared to 35,166 units in 2024. Another automaker, JSW MG Motor India, reported a 19 per cent year-on-year sales growth at 70,554 units in calendar year 2025 compared to 2024.

On the outlook for 2026, Banerjee of Maruti Suzuki said, “In times to come, my take is that the tailwinds which are there right now will continue, and if in the next year the monsoon is good, there is no reason why the auto industry should not be growing at a rate of 6-7 per cent growth.”