Highlights of the Report
- Two-Wheelers (2W): Stable performance, with slight MoM recovery; top brands maintain volume leadership.
- Three-Wheelers (3W): Robust growth, driven by rising demand in urban mobility and last-mile delivery.
- Passenger Vehicles (PV): Consistent market traction, led by compact SUVs and premium hatchbacks.
- Commercial Vehicles (CV): Mixed performance, heavy-duty segment faces slowdown, while LCVs show resilience.
- Tractors: Seasonal demand uptick, supported by pre-monsoon agricultural activities.
Overall Automotive Industry
In April 2025, the Two-Wheeler (2W) segment recorded 1,686,774 units, reflecting strong month-on-month growth from 1.51 million in March and 1.35 million in February, marking the highest volume in the past four months. Three-Wheeler (3W) sales remained broadly stable at 99,766 units, showing minimal change from March (99,376 units) and February (94,181 units), although still trailing January’s peak of 107,033 units. Passenger Vehicle (PV) sales held steady at 349,939 units, virtually unchanged from March (350,603 units), but significantly lower than the January high of 465,920 units. The Tractor (TRAC) segment experienced a decline to 60,915 units, down from 74,013 in March and 93,381 in January, continuing its downward trend. Commercial Vehicle (CV) sales in April stood at 90,558 units, slightly down from 94,764 in March and 99,425 in January. Overall, April witnessed a robust recovery in 2Ws, stability in PVs and 3Ws, and continued weakness in the TRAC and CV segments.
April 2025 – Alternative Fuel Adoption Summary
MAR'25
APR'25
In April 2025, India’s alternative fuel vehicle market showed mixed trends across segments:
Electric Vehicles (EVs) continued to dominate the three-wheeler (3W) category, reaching 62.68% market share, reflecting strong policy push and urban adoption. The passenger vehicle (PV) segment maintained steady momentum, with EVs at 3.50%, hybrids at 8.40%, and CNG/LPG at 19.67%, largely driven by OEMs like Maruti Suzuki and BYD. In the two-wheeler (2W) segment, EV penetration dropped slightly to 5.44% from March's 8.65%, despite strong sales volumes—indicating a temporary correction. Commercial vehicles (CVs) remained diesel-heavy, but CNG uptake improved to 10.58%, with EVs holding at 0.99%, led by early adopters like Tata Motors. The tractor segment saw no significant shift, with diesel dominating at 99.98%, and only negligible alternative fuel presence.
Overall, alternative fuels are gaining ground in 3Ws, PVs, and select CV applications, while electrification in 2Ws is stabilising. Tractors remain largely untouched due to operational demands.
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