The Indian automotive retail market experienced a slowdown in February 2025, with total vehicle sales falling to 1,899,196 units. This represented a 17.12% decline month-on-month (MoM) compared to January 2025 and a 7.19% drop year-on-year (YoY) from February 2024. Passenger vehicles (PV) were hit hardest, facing a sharp 34.88% MoM and 10.34% YoY drop, largely due to weaker demand and inventory adjustments.
Auto Retail Sales February 2025 – FADA
India’s passenger vehicle market saw a slowdown in February 2025, with total retail sales of 303,398 units, down by 10.34% compared to the 338,390 units sold in February 2024. Major brands like Maruti Suzuki, Tata Motors, Hyundai, and Kia reported negative YoY growth. However, some premium and electric vehicle (EV) brands, such as Jaguar Land Rover (JLR) and BYD, saw significant growth.
Maruti Leads Despite Decline; Mahindra and Toyota Show Stability
- Maruti Suzuki retained its leadership with 118,149 units sold, despite an 11.26% YoY decline, losing nearly 15,000 units from last year.
- Mahindra managed a modest 0.41% growth, selling 39,889 units, thanks to strong demand for its SUVs.
- Toyota continued its steady upward trajectory, posting a 4.75% increase in sales with 21,561 units sold.
PV Retail Sales February 2025 – FADA: Declines for Tata, Hyundai, and Kia
- Tata Motors faced a 15.34% YoY decline, selling 38,696 units.
- Hyundai saw a more significant 19.74% drop, with 38,156 units sold.
- Kia also experienced a 10.16% drop, retailing 18,794 units.
Skoda-VW, MG, and Luxury Brands See Gains
- Skoda-Volkswagen Group recorded an 8.33% increase, selling 6,462 units.
- MG Motor India grew by 16.22%, with 4,551 units sold.
- BYD, the Chinese electric vehicle manufacturer, saw impressive growth of 68.21%, selling 254 units.
- Mercedes-Benz and Volvo reported declines of 6.56% and 53.93%, respectively.
- BMW achieved slight growth of 0.80%, selling 1,138 units.
- Jaguar Land Rover (JLR) showed the highest growth among premium brands, with a 50% YoY increase, selling 435 units.
Struggles for Renault, Nissan, and Citroen
- Renault experienced a 29.70% decline, selling 2,523 units, while Nissan dropped 30.68%, with 1,706 units sold. Both brands continue to struggle due to outdated model portfolios.
- Citroen also saw a 29.09% decline, retailing only 407 units.
The 10.34% YoY decline in retail sales suggests a temporary slowdown in India’s car market, likely influenced by economic factors, regulatory changes, and evolving customer preferences. Although SUVs continue to dominate, buyers are becoming more selective, causing mixed results among different brands. With new product launches on the horizon, the industry is expected to rebound in the latter half of 2025.