Utility Vehicles Propel Passenger Vehicle Dispatches to Record High in FY25

India’s passenger vehicle (PV) dispatches reached an all-time high of over 43 lakh units in FY25, driven by the surging demand for utility vehicles (UVs), according to the Society of Indian Automobile Manufacturers (SIAM). UVs accounted for 65% of total PV sales, up from 60% in FY24, showcasing their growing popularity among consumers.  

 

Passenger vehicle dispatches rose to 43,01,848 units in FY25, marking a 2% increase compared to 42,18,750 units in FY24. Utility vehicle sales grew by 11% to 27,97,229 units, while passenger cars saw a decline of 13%, reflecting shifting consumer preferences. The PV segment also recorded its highest-ever exports, reaching 0.77 million units, a 15% increase from FY24, driven by global demand for models manufactured in India.  

 

The Indian automobile industry demonstrated steady performance in FY25, supported by infrastructure investments, favorable government policies, and a focus on sustainable mobility. Improved rural demand and consumer confidence contributed to growth across segments, with two-wheeler dispatches rising by 9% and three-wheeler dispatches increasing by 7%.  

 

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Sources: SIAM, The Hindu BusinessLine, Economic Times