Indian PV Sales Soar to Record 45.5 Lakh Units in 2025, Driven by GST 2.0 Boost

• Indian passenger vehicle wholesales hit a record 45.5 lakh units in 2025, a nearly 6% increase from 2024.
• Growth was significantly boosted by the GST 2.0 rollout, income tax relief, and repo rate cuts in late 2025.
• Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Toyota, and Skoda reported record annual sales.
• Mahindra & Mahindra and Tata Motors surpassed Hyundai to become the 2nd and 3rd largest PV makers.
• SUVs continued market dominance (55.8%), while entry-level small cars showed recovery.

Why It Matters: India's passenger vehicle market achieved record sales in 2025, propelled by policy reforms and strong demand.