Passenger vehicle sales dip marginally in May – industry News

Passenger vehicle sales dip 0.8% in May 2025 to 344,656 units, despite strong two-wheeler performance. Mahindra bucks trend with growth; Maruti, Hyundai see declines. Overall auto sales up 1.8%. RBI rate cuts and monsoon forecast expected to boost demand in coming months.

Domestic passenger vehicle sales saw a marginal decline of 0.8% in May, with total wholesales at 344,656 units compared to 347,492 units in the same month last year, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Monday.

Despite the dip, Siam director general Rajesh Menon noted that May’s figures were the second highest ever for the month in the passenger vehicle (PV) segment, indicating continued demand momentum. “All vehicle segments posted stable performance in May 2025,” Menon said in a statement.

Within the PV segment, Maruti Suzuki India, the market leader, reported a drop in domestic sales to 135,962 units, down from 144,002 units in May 2024. Hyundai Motor India also saw a fall, selling 43,861 units as against 49,151 units a year ago. In contrast, Mahindra & Mahindra posted strong growth, with sales rising to 52,431 units from 43,218 units in the same period last year.

While PV sales slipped, two-wheeler dispatches helped bolster the overall market, increasing by 2.2% to 1.6 million units in May. Motorcycle sales remained largely unchanged at 1.03 million units, while scooter sales rose 7.1% to 579,507 units.

The three-wheeler segment registered a decline, with sales down 3.3% to 53,942 units.

Overall, total vehicle wholesales across all categories rose by 1.8% year-on-year to 2.01 million units.

Looking ahead, Menon said the Reserve Bank of India‘s cumulative repo rate cuts of 100 basis points over the past six months, coupled with forecasts of an above-normal monsoon, are likely to support improved affordability and boost consumer sentiment, providing a positive outlook for the auto industry in the coming months.

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This article was first uploaded on June sixteen, twenty twenty-five, at fifty minutes past eleven in the night.

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