GST benefits propel November auto wholesales

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The momentum successful November automobile wholesales continued buoyed by the chopped successful Goods & Services Tax successful September 2025. Most of the apical car companies reported implicit 20% maturation Year connected Year (YoY) indicating robust performance. 

In November 2025, Maruti Suzuki India Ltd, India’s biggest Passenger Vehicles (PV) institution said it sold a full of 2,29,021 units, its highest-ever monthly income measurement arsenic compared with 1,81,531 units successful the twelvemonth agone period, up 26%. Domestic PV income accrued 21% Year connected Year (YoY) to 170,971 units. Total income successful the period see home income of 174,593 units, income to different OEM of 8,371 units and exports of 46,057 units. Notably, the exports reached an all-time monthly high.

Tata Motors Passenger Vehicles Ltd. wholesales successful the home & planetary marketplace for November 2025 stood astatine 59,199 units, compared to 47,117 units during November 2024, up 25.6%. In the home marketplace the institution reported 22% successful wholesales astatine 57,436 units arsenic compared with 47,063 units a twelvemonth ago.

Mahindra & Mahindra Ltd. (M&M Ltd.), announced that its wide car income for November 2025 stood astatine 92,670 vehicles, YoY maturation of 19% including exports.

In the Utility Vehicles segment, Mahindra sold 56,336 vehicles successful the home market, YoY maturation of 22% and overall, 57,598 vehicles, including exports. The home income for Commercial Vehicles stood at 24,843a maturation of 17%.

Hyundai Motor India Limited (HMIL) achieved full monthly income of 66,840 units registering YoY maturation of 9.1%. This includes monthly home income of 50,340 units, up 4.3% YoY and exports of 16,500 units.

Tarun Garg, whole-time manager & main operating officer, HMIL said, “Supported by GST 2.0 reforms, we proceed to transportation guardant income momentum with a year-on-year maturation successful our monthly home income successful November 2025.” 

“Further, our committedness to bolstering India’s relation arsenic a planetary manufacturing hub is further solidified with 26.9% year-on-year maturation successful monthly exports,” helium added.

Toyota Kirloskar Motor (TKM) reported wholesales of 33,752 units, up 28% YoY. This includes 30,085 units sold successful the home marketplace portion 3,667 units were exported. 

“Following a affirmative festive season supported by the government’s progressive GST reforms, we proceed to witness a strong momentum, with a maturation of 28%,” said Varinder Wadhwa, Vice President, Sales–Service–Used Car Business, TKM.

Kia India, reported wholesales of 25,489 units, up 24% implicit the 20,600 units sold successful November 2024. This show comes connected the backmost of Kia’s best-ever income successful October 2025.

Škoda Auto India sold 5,491 units successful India, signaling a 90% YoY growth. 

Renault India, the wholly owned limb of French automaker Renault Group, reported wholesales of 3,662 units successful November 2025 compared to 2,811 units successful the aforesaid period of the erstwhile year, reflecting a 30.27% twelvemonth connected twelvemonth increase.

In the 2 wheeler (2W) segment Suzuki Motorcycle India Pvt. Ltd. (SMIPL), reported full income of 1,22,300 units, marking a 30% YoY growth over 94,370 units sold successful November 2024. In the domestic market, SMIPL’s sales touched 96,360 units in November 2025, up 23% YoY. Exports grew by 62%, reaching 25,940 units in November 2025, up from 16,037 units successful November 2024.

Honda Motorcycle & Scooter India (HMSI) reported full income of 5,91,136 units in November 2025, up 25% YoY. This includes 5,33,645 units in home sales and 57,491 units in exports. 

TVS Motor Company recorded monthly full income of 5,19,508 units successful November 2025 with a maturation of 30% arsenic against 401,250 units successful November 2024.

Total two-wheelers registered a maturation of 27% with income expanding from 392,473 units successful November 2024 to 4,97,841 units successful November 2025. Domestic two-wheeler registered maturation of 20% with income expanding from 3,05,323 units successful November 2024 to 3,65,608 units successful November 2025.

Bajaj Auto Ltd reported 1% YoY driblet successful home income to 2,02,510 units. Exports grew 8% YoY to 1,77,204 units. The company’s full vehicles income including 2 wheelers, 3 wheelers and exports grew 8% YoY to 4,53,273 units.  

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