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.
Passenger Vehicle Market Performance – April 2025
In April 2025, Maruti Suzuki retained its position as the market leader in India’s passenger vehicle segment, selling 1,38,021 units and securing a 39.44% market share. However, this represented a slight decline from 40.39% in April 2024, indicating intensifying competition.Mahindra & Mahindra recorded significant year-on-year growth, increasing its share to 13.83% from 11.23%, largely driven by the strong demand for its SUVs such as the XUV700 and Thar.Tata Motors experienced a marginal decline in market share, slipping to 12.59% from 13.61%, despite continued success in both the electric and SUV categories.Hyundai Motor India also saw a reduction, with its share falling from 14.29% in April 2024 to 12.47%, likely due to rising pressure from domestic competitors. Conversely, both Toyota and Kia reported year-on-year gains. Toyota’s share rose to 6.67%, while Kia reached 6.18%, reflecting growing customer interest in their newer models.
Skoda Auto, part of the Volkswagen Group, saw significant gains, with a combined share of 2.70% (up from 1.97%), bolstered by the launch of new models. MG Motor continued to grow, with a share of 1.39%, up from 1.24% last year. Luxury Brands such as Mercedes-Benz and BMW had relatively stable performances, while BYD made a notable entry with a 0.10% market share, indicating a positive reception for electric vehicles in the premium segment. Overall, the Indian PV market continues to evolve with shifting dynamics, where traditional leaders like Maruti face stronger competition from both homegrown players and international OEMs, especially in the SUV and electric vehicle sectors.
Passenger Vehicle EV Electric Share Comparison
Month on Month (MoM) - Mar 25
Month on Month (MoM) - Apr 25
Application Chart
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