India’s Passenger Vehicle Wholesales Touch Record 45.5 Lakh Units in 2025; Maruti Suzuki, M&M, Tata Motors Leads

As per PTI report, Passenger vehicle wholesales in India reached an estimated 45.5 lakh units in calendar year 2025, the highest level recorded so far.  

This compares with 43.05 lakh units in 2024, translating into growth of nearly 6%, based on industry estimates. The increase came despite a slower pace of sales during the first half of the year. 

Second Half Drives Overall Growth 

Sales momentum picked up in the latter part of 2025 following the implementation of GST 2.0. Additional factors such as income tax relief on earnings up to ₹12 lakh and lower interest rates supported demand. Industry volumes improved from October onwards, helping offset the weaker start to the year. 

Change in Industry Rankings 

The year also was a shift in the passenger vehicle market structure. Mahindra & Mahindra and Tata Motors Passenger Vehicles moved ahead of Hyundai Motor India in annual volumes. As a result, the 2 domestic manufacturers occupied the 2nd and 3rd positions, while Hyundai slipped to 4th place. 

SUV Share Expands  

Sport utility vehicles continued to account for a larger share of overall sales. SUVs made up 55.8% of total passenger vehicle wholesales in 2025, compared with 53.8% in the previous year. Small car volumes showed some recovery following tax-related changes, though their contribution remained relatively modest. 

Performance of Major Automakers 

Maruti Suzuki India reported wholesales of 18.44 lakh units in 2025, higher than its previous annual peak of 17.90 lakh units in 2024.  

Tata Motors Passenger Vehicles sold 5,87,218 units during the year, including 81,125 electric vehicles. Mahindra & Mahindra recorded its highest-ever calendar year volumes across SUVs and light commercial vehicles above 3.5 tonnes. 

Other Manufacturers Report Records 

Toyota Kirloskar Motor posted its highest calendar year sales at 3,88,801 units, up 19% from 3,26,329 units in 2024. Skoda Auto India reported sales of 72,665 units in 2025, compared with 35,166 units a year earlier.  

JSW MG Motor India recorded sales of 70,554 units, reflecting 19% year-on-year growth. Hyundai Motor India reported total sales of 58,702 units in December 2025, including exports. 

Read More: Maruti Suzuki Share Price in Focus After Sales Hit Record High in December; Closed CY2025 With Highest-Ever Sales! 

Conclusion 

Passenger vehicle wholesales in India closed 2025 at a record level, supported by stronger second-half demand, a rising SUV share and higher volumes across several manufacturers. 

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