Utility Vehicle Demand Drives PV Dispatches To Record High At Over 43 Lakh Units In FY25: SIAM|Auto News

New Delhi: Passenger lorry sends off in India from manufacturing facilities to suppliers increased to tape-record degrees at over 43 lakh systems in FY25, with energy automobiles making up 65 percent of the overall sales in the section, sector body SIAM claimed onTuesday Passenger lorry (PV) sends off increased to 43,01,848 systems in the last , noting a 2 percent boost contrasted to 42,18,750 systems in FY 2023-24.

The high base impact of FY24 caused modest development last , the Society of Indian Automobile Manufacturers (SIAM) claimed in a declaration. Utility automobiles remained to drive development, currently adding 65 percent of overall traveler lorry sales in FY25, up from around 60 percent in FY24, it included.
.Utility lorry sales expanded 11 percent to 27,97,229 systems in FY25 as contrasted to 25,20,691 systems in FY24.

In contrast, automobile saw a dip of 13 percent to 13,53,287 systems as versus 15,48,947 systems in FY24. The traveler lorry section additionally videotaped its highest-ever exports in FY25, getting to 0.77 million systems, a 15 percent boost contrasted to FY24, SIAM claimed.

Growth in exports has actually been driven by the need of worldwide versions being made in the nation, it included. Two- wheeler sends off to suppliers increased 9 percent to 1,96,07,332 systems in the last , up from 1,79,74,365 systems in FY24. .
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Improved country need and rebirth in customer self-confidence are assisting the section to recuperate, SIAM mentioned. Growth in the two-wheeler section is led by mobility scooters because of boosted country and semi-urban connection and the accessibility of more recent versions with boosted functions, it included.

It is notable that the share of EVs in general two-wheelers has actually gone across the 6 percent mark in 2024-25 monetary, the sector body mentioned. Besides, two-wheeler exports signed up an excellent development of 21 percent last monetary as contrasted to FY24.
.Total industrial lorry wholesales decreased 1 percent last to 9,56,671 systems as versus 9,68,770 systems in 2023-24 monetary. .
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Three- wheeler dispatches increased 7 percent to 7,41,420 systems as contrasted to 6,94,801 systems in FY24. “The Indian automobile industry continued its steady performance in FY25, driven by healthy demand, infrastructure investments, supportive government policies, and continued emphasis on sustainable mobility,” SIAM President Shailesh Chandra claimed. .
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Passenger automobiles and three-wheeler saw a modest development therefore the high base impact yet saw the highest-ever sales in these classifications, while the two-wheeler section signed up solid development, he included. However, industrial automobiles saw a small degrowth in the FY2024- 25, though efficiency in current months has actually been relatively much better, Chandra claimed. .
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“On the exports front, good recovery is seen across all segments, particularly passenger vehicles and two-wheeler, reflecting improved global demand and India’s growing competitiveness,” he kept in mind. .
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“Looking ahead, the backdrop of stable policy environment, along with recent measures such as reforms in personal income tax and RBI’s rate cuts, will help in supporting consumer confidence and demand across segments,” Chandra claimed. . .

Overall sales throughout classifications increased 7 percent to 2,56,07,391 systems last monetary as versus 2,38,57,411 systems in FY24. In March, traveler lorry sends off increased 4 percent year-on-year to 3,81,358 systems. .
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Two- wheeler sales were up 11 percent year-on-year to 16,56,939 systems, while three-wheeler dispatches increased 10 percent to 62,813 systems as contrasted to March 2024. .
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On the development overview for the existing , SIAM keeps in mind all sections are anticipated to proceed with the development energy, structure on the durable efficiency of current years because of steady macroeconomic problems, positive federal government plans, and framework costs by the federal government. .
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A typical gale, as presently anticipated for 2025, is anticipated to sustain wider financial task, specifically in country and semi-urban areas, which would certainly be a tailwind for car industry need, it included. .
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The industry will certainly additionally gain from the reforms in the individual revenue tax obligation introduced in the current Union Budget of 2025-26, which has actually been complied with by 2 back-to-back price cuts by the RBI, SIAM claimed. .
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These actions would certainly aid in developing need by raised access of lorry funding, it included. Besides, export need in crucial markets of passion, such as Africa and adjoining nations, is most likely to proceed as ‘Made in India’ automobiles are getting grip, SIAM claimed. .
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“Overall, the automobile industry will closely monitor macroeconomic factors and global geopolitics, which will determine the key demand conditions and supply chain dynamics going forward,” it included.