On October 7, 2025, FADA reported that September 2025 auto retail grew 5.22% YoY as GST 2.0 and late festive timing lifted demand, while Navratri delivered a record 34% YoY surge across key segments.
Overall retail rose 5.22% YoY to 18,27,337 units, with 2W (Two-Wheelers) up 6.51% to 12,87,735 and PV (Passenger Vehicle) up 5.80% to 2,99,369, while 3W (Three-Wheelers) fell 7.20% and CE (Construction Equipment) declined 19%.
Momentum was muted for 21 days before a post-September 22 spike as GST 2.0 cut rates and Navratri began; PV inventory stood near 60 days for festive readiness.
2W demand benefited from affordability gains; Hero 3,23,268 and Honda 3,22,614 led market share, with TVS at 2,46,064; EV share in 2W reached 8.093%.
PV growth was broad-based; Maruti 1,23,242 led, followed by Tata 41,151 and Mahindra 37,659, while EV share in PV hit 5.12% and CNG LPG share was 21.95%.
Navratri retail rose 34.01% YoY to 11,56,935 units, with 2W up 35.95%, PV up 34.87%, CV(Commercial Vehicle) up 14.84%, and Trac up 18.68%, while CE fell 18.16%.
Drivers included GST cuts, festive schemes, pent-up demand and easier finance, with urban mobility aiding 3W and rural sentiment supporting Trac.
Read More: Sep 2025 Auto Sales: Tata Motors, Maruti Suzuki, and M&M Shares in Focus!
In PV, petrol ethanol was 48.19%, diesel 17.42%, CNG LPG 21.95%, hybrid 7.31%, EV 5.12%; in 3W, EV share stood at 61.74%.
CV total was 72,124, with Tata 23,827 and Mahindra 21,126 leading; CE total was 4,458 led by JCB 2,554 at 57.29% share.
FADA’s data shows GST 2.0 catalysed a late September inflexion and a historic Navratri, with 2W and PV leading growth and inventories primed for peak festive demand.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Oct 7, 2025, 12:49 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates