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yesterday

Exports and SUVs Cushion India’s Slight July Vehicle Dip

Robust two-wheeler growth coupled with fresh EV battery upgrades offers automakers new momentum to counter muted retail demand.

WagonR hatchbacks are seen parked at the manufacturing plant of Maruti Suzuki in Manesar. India's largest carmaker continues to restrict new car dispatches to dealerships amid a slump in demand and a rise in unsold inventory.
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Maruti Sales Breakup July 2025 - YoY
Mahindra BE 6 Pack Two

Overview

  • Wholesale passenger vehicle dispatches fell 0.2% year-on-year to 340,772 units in July, reflecting subdued domestic demand.
  • Passenger vehicle exports climbed 8.7% to 67,292 units, offsetting domestic weakness and supporting overall OEM volumes.
  • Maruti Suzuki maintained its market lead with 137,776 units sold (flat year-on-year) while Mahindra rose to second place with 49,871 units driven by its SUV lineup.
  • Two-wheeler shipments grew about 9% year-on-year driven by a 16% surge in scooter deliveries, and Mahindra rolled out new 79 kWh battery variants for its BE 6 and XEV 9e electric SUVs promising over 500 km range.
  • Dealer inventories held near 55 days, prompting SIAM and FADA leaders to voice cautious optimism for a festive-season rebound in demand.