The Indian automotive sector presented a mixed bag to start the new financial year (FY2026) in April 2025. While electric two-wheelers continued their impressive upward trajectory, the passenger vehicle segment saw significant performance differences among manufacturers. Here's a breakdown of the key auto sales data and trends from April 2025.
Electric Two-Wheeler Sales Skyrocket in April 2025: TVS Overtakes Ola
The electric two-wheeler (E2W) segment was the star performer, achieving its best-ever April sales.
- Overall Growth: The segment saw a massive 40% year-on-year (Y-o-Y) growth, with 91,791 units sold compared to 65,555 in April 2024.
- New Leader: TVS Motor Company climbed to the top spot for the first time, selling 19,736 units of its iQube scooter (+154% Y-o-Y).
- Top Players:
As April 2025's sales data reveals, the Indian auto sector is showing mixed performance across segments, with electric vehicles gaining momentum and some traditional players facing headwinds. For those looking to track how these trends are impacting the market and gain insights into the performance of key auto stocks, the Nifty Auto Index offers a valuable barometer of the industry's overall health and investor sentiment. You can follow the Nifty Auto Index to stay updated on how top automotive companies are performing in real-time.
Passenger Vehicle Sales April 2025: Mahindra, Toyota Shine; Tata, Hyundai Face Headwinds
The passenger vehicle (PV) market showed significant divergence, with strong SUV demand benefiting some manufacturers while others saw declines.
PV Growth Leaders in April 2025
- Mahindra & Mahindra (M&M): Continued its strong run, especially in Utility Vehicles (UVs).
- Domestic UV Sales: 52,330 units (+28% Y-o-Y).
- Total Auto Sales (incl. CVs, Exports): 84,170 units (+19% Y-o-Y).
- Key Highlight: M&M secured the #2 spot in domestic PV dispatches, overtaking Tata and Hyundai.
- Toyota Kirloskar Motor (TKM): Posted impressive growth despite a maintenance shutdown.
- Total Sales: 27,324 units (+33% Y-o-Y).
- Domestic Sales: 24,833 units.
- Kia India: Maintained positive momentum.
- Domestic Sales: 23,623 units (+18.3% Y-o-Y).
- Top Sellers: Sonet (8,068), Seltos (6,135), Carens (5,259), new Syros (4,000).
- JSW MG Motor India: Growth driven by EV success.
- Total Sales: 5,829 units (+23% Y-o-Y).
- Windsor EV remained the best-selling model for the 7th consecutive month.
Maruti Suzuki April 2025 Sales: Leadership Maintained, Domestic Growth Flat
- Total Sales: 1,79,791 units (+7% Y-o-Y).
- Domestic PV Sales: 138,704 units (+0.5% Y-o-Y). Growth driven by Compact (Baleno, Swift, etc.) and UV segments (Brezza, Ertiga, etc.), offsetting a decline in Mini segment (Alto, S-Presso).
- Exports & OEM Supply: Strong export growth (+25.9% Y-o-Y) and supply to Toyota (+79.9% Y-o-Y) boosted overall numbers.
PV Sales Declines & Challenges in April 2025
- Tata Motors: Faced declines across segments.
- Domestic PV Sales: 45,199 units (-6% Y-o-Y).
- Total PV Sales (incl. Exports): 45,532 units (-5% Y-o-Y).
- EV Sales (Domestic + Intl.): 5,318 units (-16% Y-o-Y).
- Hyundai Motor India: Slipped in domestic rankings despite overall growth.
- Total Sales: 60,774 units (+23% Y-o-Y, driven by exports).
- Domestic PV Sales: 44,374 units (-8.9% Y-o-Y).
- Key Highlight: Slipped to #4 in domestic PV dispatches behind Maruti, M&M, and Tata. Hyundai cited "macroeconomic factors" impacting the domestic market.
Key PV Domestic Sales - April 2025
| OEM |
April 2025 Domestic Sales (Units) |
Y-o-Y Growth (%) |
| Maruti Suzuki |
138,704 |
+0.5% |
| Mahindra & Mahindra |
52,330 (UVs) |
+28.0% (UVs) |
| Tata Motors |
45,199 |
-6.0% |
| Hyundai |
44,374 |
-8.9% |
| Toyota |
24,833 |
+32.8% |
| Kia India |
23,623 |
+18.3% |
| MG Motor (JSW) |
5,829 |
+23.0% |
Commercial Vehicle Sales April 2025: Tata Motors Reports Decline, VECV Shows Growth
The commercial vehicle (CV) segment, a key economic indicator, showed mixed performance.
- Tata Motors: Experienced a significant slump.
- Total CV Sales: 27,221 units (-8% Y-o-Y).
- Domestic CV Sales: 25,764 units (-10% Y-o-Y).
- SCV & Pickup segment hit hardest, down 23% Y-o-Y.
- VE Commercial Vehicles (VECV - Eicher): Reported strong growth.
- Total Sales: 6,846 units (+27.3% Y-o-Y).
- Domestic Sales (Eicher): 6,257 units (+27.7% Y-o-Y).
- LMD Bus segment surged 61.6% Y-o-Y.
April 2025 Auto Sales: Key Takeaways for Market Watchers
April's auto sales data reveals several key trends: the electric two-wheeler segment continues its rapid expansion with intensifying competition and shifting leadership. The passenger vehicle market increasingly favours manufacturers with strong SUV/UV portfolios and competitive EV offerings, leading to significant performance gaps.
Market leader Maruti Suzuki relies on exports to offset flat domestic growth, while Tata Motors faces pressure in both PV and CV segments. Mahindra's consistent focus on SUVs is paying off with significant market share gains. The commercial vehicle sector shows vulnerability, particularly in smaller vehicle categories, potentially linked to financing challenges. These trends highlight a dynamic market where product strategy and adaptation to segment shifts are crucial for success.