Quick Takeaways
- Indian passenger vehicle wholesales and retail sales posted strong double-digit YoY growth in November 2025, defying typical post-festive softness.
- Broad-based OEM performance and strong SUV demand reinforced India’s position as a fast-growing passenger vehicle market.
On November 30, Indian passenger vehicle sales November 2025 data highlighted a strong recovery in the domestic auto market, supported by broad-based OEM performance and steady consumer demand. Total passenger vehicle wholesales climbed sharply, reinforcing confidence across the automotive value chain despite typical post-festive season softness.
Indian Passenger Vehicle Sales November 2025: Wholesale Performance
Indian passenger vehicle sales November 2025 wholesales increased 18.1 percent year-on-year to 354,969 units, reflecting healthy factory dispatches and improved dealer inventory planning. Most leading manufacturers recorded double-digit growth, underlining sustained momentum across mass and utility vehicle segments.
Key wholesale performance by major OEMs included:
The data shows Indian OEMs outperforming several global peers, with SUVs and utility vehicles continuing to anchor volume growth across portfolios.
Retail Momentum Strengthens Market Outlook
Retail demand remained equally resilient, with passenger vehicle retail sales reaching 394,152 units in November, marking a 19.7 percent year-on-year increase. This performance stands out as November traditionally witnesses moderation after festive buying peaks, indicating deeper structural demand rather than seasonal uplift alone.
Several factors contributed to this retail strength:
Price-sensitive buyers showed renewed interest in entry-level SUVs, which played a critical role in lifting overall volumes and showroom footfalls across urban and semi-urban markets.
Market Implications for OEMs and Suppliers
Indian passenger vehicle sales November 2025 trends signal a supportive operating environment for OEMs, Tier-1 suppliers, and logistics partners. Consistent wholesale-retail alignment reduces inventory risk and strengthens planning visibility heading into the year-end period.
While select manufacturers faced marginal pressure, the broader market trajectory points toward sustained growth driven by evolving consumer preferences, product refresh cycles, and competitive pricing strategies. The November performance reinforces India’s position as one of the fastest-growing passenger vehicle markets globally.
Indian Passenger Vehicle Sales November 2025: Wholesale Performance
Indian passenger vehicle sales November 2025 wholesales increased 18.1 percent year-on-year to 354,969 units, reflecting healthy factory dispatches and improved dealer inventory planning. Most leading manufacturers recorded double-digit growth, underlining sustained momentum across mass and utility vehicle segments.
Key wholesale performance by major OEMs included:
- Maruti Suzuki: 174,593 units, up 21.0 percent year-on-year
- Tata Motors: 90,189 units, up 23.1 percent year-on-year
- Mahindra: 81,179 units, up 20.5 percent year-on-year
- Hyundai: 50,340 units, down 4.3 percent year-on-year
- Toyota Kirloskar Motor: 30,085 units, up 19.5 percent year-on-year
- Honda Cars India: 5,204 units, up 4.0 percent year-on-year
- Kia India: 25,489 units, up 23.7 percent year-on-year
The data shows Indian OEMs outperforming several global peers, with SUVs and utility vehicles continuing to anchor volume growth across portfolios.
Retail Momentum Strengthens Market Outlook
Retail demand remained equally resilient, with passenger vehicle retail sales reaching 394,152 units in November, marking a 19.7 percent year-on-year increase. This performance stands out as November traditionally witnesses moderation after festive buying peaks, indicating deeper structural demand rather than seasonal uplift alone.
Several factors contributed to this retail strength:
- Continued affordability improvements in entry and mid-level segments
- Strong consumer response to compact and small SUVs
- Stable financing availability and improved dealership reach
Price-sensitive buyers showed renewed interest in entry-level SUVs, which played a critical role in lifting overall volumes and showroom footfalls across urban and semi-urban markets.
Market Implications for OEMs and Suppliers
Indian passenger vehicle sales November 2025 trends signal a supportive operating environment for OEMs, Tier-1 suppliers, and logistics partners. Consistent wholesale-retail alignment reduces inventory risk and strengthens planning visibility heading into the year-end period.
While select manufacturers faced marginal pressure, the broader market trajectory points toward sustained growth driven by evolving consumer preferences, product refresh cycles, and competitive pricing strategies. The November performance reinforces India’s position as one of the fastest-growing passenger vehicle markets globally.
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