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The Passenger Vehicle PV) conception clocked its highest-ever income successful a calendar twelvemonth 2025 (CY25) astatine 44.90 lakh units, increasing 5% Year connected Year (YoY) driven by Q3 offtake, according to the information released by the Society of Indian Automobile Manufacturers (SIAM) connected Tuesday.
This conception besides posted its highest-ever income of 12.76 lakh units successful Q3 of 2025-26, registering a maturation of 20.6%, implicit the year-earlier period.
For December, PV home income grew 29% YoY to 3,49,170 units.
“This robust show was supported by improved affordability pursuing the GST complaint reduction, benefits from idiosyncratic income taxation alleviation and successive repo complaint cuts by the RBI, easing financing costs and a renewed consciousness of optimism among buyers, which unneurotic helped successful boosting user request successful this festive quarter,” SIAM said.
PV conception besides witnessed the highest-ever exports successful Q3 of 2025-26 astatine 2.25 lakh units, up 11.7% YoY. This conception besides posted its highest ever exports during Jan–Dec 2025 of 8.63 lakh units, up 16% YoY.
Shailesh Chandra, President, SIAM said, “2025 has been a landmark twelvemonth for the Indian car industry. The twelvemonth began with a subdued archetypal half, and the manufacture continued to navigate proviso broadside challenges. With aggregate structural argumentation reforms including the income taxation relief, successive repo complaint cuts and the rollout of GST 2.0 laid the instauration for a affirmative request environment.”
“The simplification of GST rates made vehicles much affordable and injected caller momentum into the sector. Growth during the twelvemonth has been broad-based crossed segments, with PV, Commercial Vehicles (CV) and Three-Wheelers signaling their highest ever income and Two-wheelers posting the 2nd highest income ever, successful a calendar-year,” helium added.
“Looking ahead, the manufacture expects the affirmative momentum to proceed good into 2026, supported by unchangeable macro-economic conditions, improving affordability and continued argumentation support. The manufacture volition besides proceed to show geopolitical developments to guarantee resilience successful proviso concatenation and export volumes,” helium said.
Rajesh Menon, Director General, SIAM said, “All Vehicle Segments viz., Passenger Vehicles, Commercial Vehicles Three Wheelers and Two Wheelers posted their highest ever income of Q3 successful 2025-26 with treble digit maturation arsenic compared to erstwhile year. “
In Q3 of 2025–26, Two-Wheelers posted their highest ever Q3 income of 5.79 cardinal units, crossing the 5 cardinal people for the archetypal time, with a maturation of 16.9% YoY.
For the Jan-Dec 2025 period, the Two-Wheeler conception crossed the 20-million-mark income with 20.50 cardinal units, with a maturation of 4.9% successful calendar year, though it is inactive beneath the highest it had achieved successful 2018.
Two Wheelers besides recorded their highest ever exports successful Q3 of 2025-26 of 1.37 cardinal units registering a maturation of 24.3% YoY.
During Jan-Dec 2025, 4.94 cardinal units of Two-Wheelers were exported, which is the highest exports of calendar twelvemonth period, with a maturation of 24.2% YoY.
In Q3 of 2025-26, Three-Wheelers posted their highest ever Q3 income of 2.15 lakh units, with a maturation of 14.0%, particularly driven by the Passenger Carrier sub-segment.
This conception besides posted Jan-Dec 2025 income of 7.88 lakh units, up 8.2% YoY. Commercial Vehicle (CV) conception reported Q3 income of 2.90 lakh units, up 21.5% YoY. In Jan-Dec play this conception posted income of 10.28 lakh units in, up 7.7% YoY.
