NEW DELHI: India's automobile industry recorded its highest-ever sales for the month of May, with passenger vehicles (PVs), two-wheelers and three-wheelers all posting double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Monday.
Passenger Vehicle Sales Surge
Passenger vehicle sales rose 27.3% year-on-year to 4.3 lakh units in May, while two-wheeler sales climbed 14.8% to 19 lakh units. Three-wheeler sales surged 31.1% to 70,720 units.
Rajesh Menon, director general of Siam, attributed the strong performance to the lower base of May 2025, reduced GST rates and easier financing conditions that boosted consumer demand. In the passenger vehicle segment, Maruti Suzuki remained the leader with domestic sales of 1.9 lakh units, translating into a market share of about 50%. Mahindra & Mahindra followed with 58,021 units and a share of 15.3%, while Hyundai sold around 47,800 vehicles for nearly 13% share.
Industry Outlook
The record sales reflect a robust recovery in the automotive sector, driven by favorable policy measures and improved affordability. The double-digit growth across all segments underscores strong consumer confidence and the effectiveness of government initiatives to stimulate demand.
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