Passenger Vehicle Market Performance
The passenger vehicle industry experienced a 81.1% month-on-month rise in October 2025, driven by the GST rate reduction, festive purchases, and conversion of deferred orders. Maruti Suzuki grew 90.2%, while Hyundai, Tata Motors, and Mahindra registered gains of 77.5%, 79.4%, and 77.5%, respectively. Toyota and Kia also recorded notable expansions of 59.1% and 90.1%, sustaining strong demand for utility vehicles.
The electric PV segment advanced by 9.3%, led by Tata Motors, MG Motor, and Mahindra Electric, with BYD, Kia, and Hyundai contributing steadily. October 2025 emerged as a defining month for the PV industry, reflecting robust policy-driven recovery and accelerating EV adoption.
Passenger Vehicle EV Electric Share Comparison
Forecast Chart
Application Chart
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