Passenger Vehicle Market Performance

Maruti Suzuki remained dominant with a 38.68% share, slightly lower than last year. Mahindra saw strong growth, rising to 14.41% from 11.07%, driven by SUV demand. Hyundai and Tata both saw year-on-year declines to 12.64% and 12.13%, respectively. Toyota continued its upward trend to 7.29%, while Kia dipped to 5.56%. Skoda-VW grew to 2.77%, its highest in recent months. MG and Honda held marginal shares, and the "Others" category slightly reduced to 3.52%, indicating further consolidation among top OEMs.

2-Wheeler EV Electric Share Comparison

Month on Month (MoM) - Apr 25
Month on Month (MoM) - May 25
Year on Year (YoY) - May 24
Year on Year (YoY) - May 25
BAJAJ AUTO
MAHINDRA LAST MILE MOBILITY
TVS MOTOR
PIAGGIO VEHICLES
TI CLEAN MOBILITY
OMEGA SEIKI
others

Forecast Chart

Historical PV
Forecast PV

Application Chart

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