Indian Automobile Market Sees Mixed Trends in FY25 Q2
The latest data from the Society of Indian Automobile Manufacturers (SIAM) reveals a significant decline in passenger car sales in India during the second quarter of FY25. From July to September, car sales dropped by 20% year-on-year, with 3,18,805 units sold compared to 3,96,498 in the same period last year.
Goods carriers also faced a downturn, with sales decreasing by 15.8%, totaling 69,514 units, down from 82,538 units the previous year. Light commercial vehicles saw a 10.2% decline, with 1,26,370 units sold compared to 1,53,927 units last year.
Despite these declines, the two-wheeler market showed positive growth. Scooter sales increased by 16.9%, reaching 18.32 lakh units, while motorcycle sales rose by 10.2%, totaling 32.09 lakh units.
However, the electric rickshaw segment experienced a sharp decline, with sales dropping by 30.7% to 7,227 units from 10,430 units last year.
Overall, the Indian automobile market in the second quarter of FY25 presents a mixed picture, with declines in passenger cars and commercial vehicles but growth in two-wheelers.
Doubts Revealed
FY25 Q2 -: FY25 Q2 refers to the second quarter of the financial year 2025. In India, the financial year starts on April 1st and ends on March 31st of the next year. So, FY25 Q2 would be from July to September 2024.
Passenger Cars -: Passenger cars are vehicles designed primarily for the transportation of people. They usually have four wheels and can carry a small number of passengers, like the cars you see on the roads every day.
Two-Wheelers -: Two-wheelers are vehicles that have two wheels, like scooters and motorcycles. They are popular in India because they are affordable and can easily navigate through traffic.
Goods Carriers -: Goods carriers are vehicles used to transport goods and materials. They include trucks and vans that carry items from one place to another.
Light Commercial Vehicles -: Light commercial vehicles are a type of goods carrier that are smaller and used for transporting lighter loads. They are often used for deliveries within cities.
Electric Rickshaw -: Electric rickshaws are three-wheeled vehicles powered by electricity. They are used for short-distance travel and are popular in many Indian cities for their eco-friendliness.