Indian auto sector is about to report a combined bag for March 2025, with passenger autos (PVs) and two-wheelers (2Ws) witnessing sluggish demand, whereas business autos (CVs) and tractors see comparatively higher traction.
In accordance with Zee Enterprise analysis, auto gross sales momentum is predicted to have softened in March, impacted by numerous components together with weak client sentiment.
Passenger car gross sales: Excessive reductions fail to revive demand; Maruti outperforms Hyundai, Tata Motors
Regardless of aggressive discounting and pre-buying earlier than the upcoming value hikes below OBD 2B norms, PV gross sales stay below stress. Stock build-up continues, and inquiries have slowed down, particularly within the mid-segment. Hyundai and Tata Motors are anticipated to report subdued numbers, with Hyundai’s gross sales estimated at 63,500 models (-3% YoY). Maruti Suzuki, nonetheless, is predicted to see a reasonable 4% YoY development, touching 1,95,000 models.
Two-wheeler gross sales: Premium bikes thrive, scooters lead as bikes lag behind
The home 2W market is predicted to expertise an 11 per cent YoY drop, as gentle rural demand and tighter underwriting requirements weigh on retail gross sales. Scooters nonetheless beat bikes, with TVS Motor set to document an 11% YoY enhance to three,95,000 models. Royal Enfield (Eicher Motors) is about to document 92,100 models (+22% YoY), because of strong demand for high-end bikes.
Industrial autos: Tata Motors, Ashok Leyland wrestle; Eicher-VECV studies sturdy MoM development
CV gross sales are predicted to say no marginally with Tata Motors’ CV enterprise recording a 2 per cent YoY lower to 41,600 models. Ashok Leyland’s volumes are more likely to be stagnant at about 22,800 models, with marginal MoM enchancment (+27%). Eicher Motors’ VECV enterprise is a standalone, poised to develop 43 per cent MoM at 11,600 models.
Tractor gross sales: Escorts, M&M Farm experience on sturdy Rabi season
The tractor section is more likely to be the highest performer, led by upbeat farmer sentiment and pre-buying forward of the monsoon season. Escorts is more likely to publish a spectacular 30% YoY development to 11,200 models, whereas M&M Farm Gear might witness a 15 per cent enhance to 30,000 models.
With the upcoming festive season and pre-buying traits earlier than value hikes, auto gross sales might decide up in April. Nonetheless, financing constraints, rural sentiment, and stock ranges stay key components to observe for sustained restoration.
