India's PV Sales Soar to Record 45.5 Lakh Units in 2025, GST 2.0 Fuels Growth

• Indian passenger vehicle wholesales reached a record 45.5 lakh units in 2025, marking a nearly 6% growth over 2024.
• GST 2.0, income tax relief, and repo rate cuts significantly boosted sales in the latter half of the year, overcoming a sluggish start.
• Mahindra & Mahindra and Tata Motors Passenger Vehicles surpassed Hyundai Motor India, becoming the 2nd and 3rd largest PV makers by volume.
• SUVs maintained strong market traction, accounting for 55.8% of total PV sales, while small cars also showed recovery.
• Maruti Suzuki India, Toyota Kirloskar Motor, Skoda Auto India, and JSW MG Motor India all reported record or significant sales growth.

Why It Matters: India's PV market achieved record sales in 2025, driven by policy reforms and strong SUV demand.