The Indian automobile industry reported a steady but subdued performance in May 2025, with negligible change in the passenger vehicle segment, a slight decline in three-wheelers, and marginal growth in two-wheelers, according to

SIAM data

released today.

The passenger vehicle segment recorded a slight year-on-year decline of 0.8per cent, with 3,44,656 units sold in May 2025 compared to 3,47,492 units in the same month last year.

In contrast, two-wheeler sales rose marginally by 2.2per cent year-on-year, with 16,55,927 units sold last month versus 16,20,084 units in May 2024.

Breaking down the segment further:

• Scooter sales grew significantly by 7.1per cent, reaching 5,79,507 units
  
• Motorcycle sales remained flat at 10,39,156 units
  
• Moped sales declined by 7.7per cent, totaling 37,264 units in May 2025
  

Rajesh Menon, Director General of SIAM, commented “All vehicle segments posted stable performance in May 2025. The passenger vehicle segment reported sales of 3.45 lakh units— the second-highest ever for May—though it declined marginally by 0.8per cent compared to May 2024. The three-wheeler segment declined by 3.3per cent year-on-year, with sales of 0.54 lakh units, while the two-wheeler segment grew by 2.2per cent, with sales reaching 16.56 lakh units.”

Quadricycle reported 96.9 per cent decline with a single unit sold in May 2025.

The three-wheeler segment declined by 3.3per cent, with 53,942 units sold in May 2025:

• Passenger carriers fell by 2.4per cent to 44,354 units
  
• Goods carriers dropped 1.6per cent to 8,720 units
  

Segment	May 2024	May 2025	% Change
Passenger Vehicles	3,47,492	3,44,656	-0.8%
Three Wheelers	55,763	53,942	-3.3%
Two Wheelers	16,20,084	16,55,927	2.2%
Quadricycle	32	1	-96.9%

Overall Outlook

The total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in May 2025 stood at 25,82,207 units.

Looking ahead, the industry is optimistic about improved sales in the coming months. Commenting on this, Menon noted, “Going forward, the RBI’s three repo rate cuts—totaling 100 basis points over the past six months—along with a forecast of above-normal monsoons, are indicators that should positively impact the auto sector by improving affordability and boosting consumer sentiment.”