Auto Gross sales Report: India’s auto trade appears to be cruising forward confidently. As per the newest report from the Society of Indian Vehicle Producers (SIAM), the sector clocked a 7.3 per cent rise in home gross sales in FY24, marking one other robust 12 months for the trade.
Development on the highway & past
Auto Gross sales Report: Gross sales inside the nation picked up tempo on the again of strong client demand, higher roads and infrastructure and constant authorities help. Exports, too, made headlines with a 19.2 per cent rise, reflecting rising curiosity in India-made automobiles from world markets.
Based on SIAM, the trade’s efficiency is the results of a wholesome mixture of sound financial insurance policies, market confidence and a powerful push in direction of cleaner, greener mobility options.
What’s in retailer for FY25-26
Trying forward, SIAM stays optimistic. A traditional monsoon in 2025 is anticipated to spice up rural demand—a key driver for two-wheelers and smaller vehicles. And with just a few tailwinds, the sector might preserve its present progress streak.
Right here’s what might gasoline the momentum:
- Attainable tax aid in Price range 2025-26
- The RBI reducing rates of interest twice, making auto loans lighter on the pocket
- Rising world demand for Indian automobiles, particularly from Africa and neighbouring nations
- That stated, SIAM additionally cautioned that world geopolitical developments and financial uncertainties might pose challenges, particularly on the availability and commerce entrance.
EV Market retains charging forward
- India’s electrical car (EV) market had one other good 12 months. In FY24-25:
- 1.97 million EVs have been registered, a 16.9 per cent bounce from final 12 months
- Electrical passenger vehicles crossed the 1 lakh mark, up 18.2 per cent
- Electrical two-wheelers recorded a 21.2 per cent rise, with 11.5 lakh items bought
- Round 7 lakh electrical three-wheelers have been registered, rising 10.5 per cent
Authorities schemes like EMPS, PM E-DRIVE, and e-Sewa, together with new EV launches from carmakers, gave the market a strong push.
General, the temper within the trade is upbeat. SIAM’s report paints an image of a sector that’s not simply rising but in addition remodeling—with a agency grip on sustainability and a sharper give attention to the long run.
