• About
  • Advertise
  • Careers
  • Contact
  • Privacy Policy
  • Disclaimer
Wednesday, August 6, 2025
No Result
View All Result
Northeast News - Northeast India news 24×7
  • Assam
  • Meghalaya
  • Tripura
  • Mizoram
  • Manipur
  • Nagaland
  • Arunachal Pradesh
  • Business
  • Entertainment
    After intense roles, Bollywood actor Randeep Hooda wants to explore his lighter side

    After intense roles, Bollywood actor Randeep Hooda wants to explore his lighter side

    Sara Tendulkar named India’s brand ambassador for Australia’s new tourism campaign

    Sara Tendulkar named India’s brand ambassador for Australia’s new tourism campaign

    Birthday Special: Will suspense around Kishore Kumar biopic finally end?

    Birthday Special: Will suspense around Kishore Kumar biopic finally end?

    International Friendships Day – Bollywood Girl-Friends duos who prove they’re the ultimate bestie inspiration

    International Friendships Day – Bollywood Girl-Friends duos who prove they’re the ultimate bestie inspiration

    Meghalaya’s Dominic Sangma wins big at 71st National Film Awards for ‘Rapture’

    Meghalaya’s Dominic Sangma wins big at 71st National Film Awards for ‘Rapture’

    SRK’s National Award win: A triumph for ‘Jawan’, But what about ‘Swades’ and ‘Chak De! India’?

    SRK’s National Award win: A triumph for ‘Jawan’, But what about ‘Swades’ and ‘Chak De! India’?

    ‘Rongatapu 1982’ named best Assamese film at 71st National Film Awards

    ‘Rongatapu 1982’ named best Assamese film at 71st National Film Awards

    Post a spectacular premiere at Cannes, Neeraj Ghaywan’s ‘Homebound’ to close IFFM 2025

    Post a spectacular premiere at Cannes, Neeraj Ghaywan’s ‘Homebound’ to close IFFM 2025

    Singer Sonu Nigam to take Shillong on a musical journey with ‘Satrangi Re India Tour’

    Singer Sonu Nigam to take Shillong on a musical journey with ‘Satrangi Re India Tour’

  • Opinion
  • Neighbours
  • Assam
  • Meghalaya
  • Tripura
  • Mizoram
  • Manipur
  • Nagaland
  • Arunachal Pradesh
  • Business
  • Entertainment
    After intense roles, Bollywood actor Randeep Hooda wants to explore his lighter side

    After intense roles, Bollywood actor Randeep Hooda wants to explore his lighter side

    Sara Tendulkar named India’s brand ambassador for Australia’s new tourism campaign

    Sara Tendulkar named India’s brand ambassador for Australia’s new tourism campaign

    Birthday Special: Will suspense around Kishore Kumar biopic finally end?

    Birthday Special: Will suspense around Kishore Kumar biopic finally end?

    International Friendships Day – Bollywood Girl-Friends duos who prove they’re the ultimate bestie inspiration

    International Friendships Day – Bollywood Girl-Friends duos who prove they’re the ultimate bestie inspiration

    Meghalaya’s Dominic Sangma wins big at 71st National Film Awards for ‘Rapture’

    Meghalaya’s Dominic Sangma wins big at 71st National Film Awards for ‘Rapture’

    SRK’s National Award win: A triumph for ‘Jawan’, But what about ‘Swades’ and ‘Chak De! India’?

    SRK’s National Award win: A triumph for ‘Jawan’, But what about ‘Swades’ and ‘Chak De! India’?

    ‘Rongatapu 1982’ named best Assamese film at 71st National Film Awards

    ‘Rongatapu 1982’ named best Assamese film at 71st National Film Awards

    Post a spectacular premiere at Cannes, Neeraj Ghaywan’s ‘Homebound’ to close IFFM 2025

    Post a spectacular premiere at Cannes, Neeraj Ghaywan’s ‘Homebound’ to close IFFM 2025

    Singer Sonu Nigam to take Shillong on a musical journey with ‘Satrangi Re India Tour’

    Singer Sonu Nigam to take Shillong on a musical journey with ‘Satrangi Re India Tour’

  • Opinion
  • Neighbours
No Result
View All Result
Northeast News - Northeast India news 24×7
No Result
View All Result
Home Business

India’s passenger vehicle sales to accelerate in 2025-26: Report

Passenger vehicle industry volumes reached a record 4.2 million units in FY24

Northeast NewsbyNortheast News
February 28, 2025
in Business
Representational image (pixabay)
Share on FacebookShare on Twitter

New Delhi: Passenger vehicle (PV) sales in India are projected to grow by 4-7% in FY2025-26, buoyed by favourable market conditions and steady demand, according to a report by ratings agency ICRA.

The two-wheeler (2W) segment is anticipated to outpace PV growth, with an expected increase of 6-9% in FY26, driven by strong rural demand and improved economic conditions. This follows an estimated 11-14% growth in FY25, the report noted.

Passenger vehicle industry volumes reached a record 4.2 million units in FY24.

Year-to-date (YTD) FY25 wholesale volumes have shown modest growth of around 2%, supported by consistent production levels among manufacturers.

“Key demand drivers, including disposable incomes, new model launches, and cost of ownership, remain neutral to favourable. Given the high base, the PV industry is likely to grow at a moderate pace of 4-7% in FY26,” ICRA stated.

In the two-wheeler segment, volumes have surged by approximately 10% year-on-year in YTD FY25, marking a recovery from subdued levels seen between FY2020 and FY2022. Improved rural demand, supported by a good monsoon and strong rabi crop sowing, has bolstered the industry’s performance.

The Union Budget’s income-tax exemptions are expected to enhance disposable incomes, further stimulating demand in the two-wheeler market.

ICRA projects two-wheeler volumes to grow healthily at 6-9% in FY26, following significant gains in FY25.

Commercial vehicle (CV) sales are also poised for growth, fuelled by increased economic activity, sustained government investment in infrastructure, robust freight availability, and policy initiatives such as the vehicle scrappage policy and a push for cleaner vehicles.

“Mandatory scrapping of older government vehicles will boost demand for buses, while the growth in Light Commercial Vehicles (LCVs) may face headwinds from competition with electric three-wheelers and a slowdown in e-commerce,” the report noted.

ICRA estimates growth in Medium and Heavy Commercial Vehicles (M&HCV) at 0-3%, LCVs at 3-5%, and buses at 8-10% in FY26, reflecting a varied performance across segments.

With steady demand across passenger, two-wheeler, and commercial vehicle segments, India’s automotive industry is set for moderate yet steady growth in the coming years.

Tags: ICRAIndiaPassenger vehicleSales Growth
ADVERTISEMENT
Next Post
IIT Guwahati, Danfoss Industries Pvt Ltd sign MoU to drive innovation in sustainable technologies

IIT Guwahati, Danfoss Industries Pvt Ltd sign MoU to drive innovation in sustainable technologies

Step into the Mughal Era with a feast of royal flavours in Guwahati

Step into the Mughal Era with a feast of royal flavours in Guwahati

Manipur: Kuki-Zo Organizations term Arambai Tenggol’s arms surrender as ‘mere gesture’

Manipur: Kuki-Zo Organizations term Arambai Tenggol's arms surrender as 'mere gesture'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Northeast News is a digital only news platform covering Northeast India news 24×7. As Northeast India states – Assam, Meghalaya, Tripura, Mizoram, Manipur, Nagaland and Arunachal Pradesh hardly get any news coverage in the mainstream media, we are here to be ‘Vocal for Local’.

Category

  • Articles
  • Arunachal Pradesh
  • Assam
  • Business
  • Entertainment
  • Lifestyle
  • Manipur
  • Meghalaya
  • Mizoram
  • Nagaland
  • Neighbours
  • Opinion
  • Politics
  • Science
  • Sports
  • Tech
  • Tripura
  • Uncategorized

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
  • About
  • Advertise
  • Careers
  • Contact
  • Privacy Policy
  • Disclaimer

© 2022 All Rights Reserved.

No Result
View All Result
  • Assam
  • Meghalaya
  • Tripura
  • Mizoram
  • Manipur
  • Nagaland
  • Arunachal Pradesh
  • Business
  • Entertainment
  • Opinion
  • Neighbours

© 2022 All Rights Reserved.