India’s passenger vehicle (PV) industry delivered another strong month, with total wholesales reaching nearly 3.88 lakh units in November 2025, marking a robust 20–22% YoY increase over the ~3.2 lakh units sold in November 2024.
This growth reflects improved demand sentiment, a healthier supply environment, and rising consumer preference for SUVs and EVs. Strong festive spillover demand and better inventory alignment across dealerships also contributed to the upbeat industry performance.
Maruti Suzuki continued its dominant run, posting over 2.29 lakh units in total sales, one of its strongest monthly performances. With more than 25% YoY growth, the company’s momentum was driven by sustained demand for compact cars, premium hatchbacks, and popular SUVs like the Brezza and Grand Vitara.
Exports also remained a major growth pillar, supported by strong demand from Africa, Latin America, and parts of Asia. Maruti’s extensive model range and deep distribution network helped it maintain a commanding share of the Indian PV market.
Tata Motors reported 59,199 units in November 2025, registering a 25.6% YoY increase. The Nexon, Harrier, Punch, and the expanding TATA.ev portfolio were major contributors.
Tata’s focused investments in EV infrastructure, battery systems, and charging solutions continue to strengthen its leadership in India’s fast-growing electric mobility segment.
M&M clocked 56,336 domestic SUV units, reflecting 22% YoY growth. The continued popularity of the Scorpio-N, XUV700, Thar, and Bolero Neo underscores the brand’s strong grip over the SUV category. Mahindra’s growing EV pipeline also positions it well for long-term gains.
Hyundai recorded 66,840 units (domestic + exports), posting around 9% YoY growth. Models like the Creta, Venue, and i20 sustained demand, though rising competition in compact SUVs continues to challenge market share expansion. Hyundai’s wide service network and product reliability remain key strengths.
Also Read:Nov 2025 Auto Sales: Tata Motors, Maruti Suzuki, and M&M Posted Double-Digit Growth!
Conclusion
November 2025 marked a strong month for India’s PV industry, led by robust demand for SUVs, expanding EV adoption, and improved supply chains. With major players reporting healthy double-digit growth, the sector appears well-positioned for continued momentum in the coming quarters.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/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.
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Published on: Dec 3, 2025, 11:53 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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