Introduction
The Indian passenger vehicle market saw a record high of 4.34 million units in wholesales for the fiscal year 2025, reflecting a 2.6% year-on-year growth. However, this growth rate marks the lowest increase in four years, indicating a slight slowdown in market momentum. Despite this, Maruti Suzuki, Hyundai, and Tata Motors maintained their positions as the top three automakers in India.
Top Performers in FY2025
1. Maruti Suzuki
- Total Sales: Maruti Suzuki achieved 1,760,767 units in FY2025, its highest-ever fiscal year sales.
- Year-on-Year Growth: Maruti saw a marginal increase of just 0.05% compared to last year, selling an additional 886 units more than in FY2024.
- Export Performance: Maruti set a record for exports, reaching 332,585 units, an 18% increase compared to the previous year. It has maintained its position as the top passenger vehicle exporter for the fourth consecutive year.
- Best-Selling Model: The Wagon R continued to be Maruti’s best-selling car, and it was the best-selling car in India for the fourth consecutive year.
2. Hyundai Motor India
- Total Sales: Hyundai’s sales stood at 598,666 units, experiencing a 3% decline from 614,717 units in FY2024.
- SUV Focus: The Creta played a significant role in Hyundai’s performance, with combined sales of the Creta and Creta Electric reaching 194,871 units, contributing to nearly one-third of Hyundai’s total sales. This represented a 20% year-on-year growth for the Creta model.
3. Tata Motors
- Total Sales: Tata Motors sold 553,585 units, marking a 3% decline compared to last year’s record sales.
- EV Sales Decline: The company faced challenges in the electric vehicle segment, with EV sales declining by 13% due to increased competition and a growing range of electric options in the market.
Other Notable Performances
Mahindra & Mahindra
- Mahindra experienced a 16% growth in December, largely due to the strong demand for its SUV lineup. The company has seen success with models like the XUV700 and Thar.
Toyota Kirloskar
- Toyota has also reported positive growth, focusing on hybrid technologies and premium SUVs.
Kia India
- Kia’s Seltos SUV continued to perform well, contributing significantly to the company’s sales growth.
Conclusion
In summary, Maruti Suzuki and Hyundai have maintained their positions as the top two car manufacturers in India, while Tata Motors faced a slight dip in its performance, particularly in the electric vehicle segment. The Indian auto market continues to evolve, with a shift towards SUVs and electric vehicles, and manufacturers are adjusting their portfolios to meet changing consumer demands.