Overview

• Passenger vehicle sales slipped 0.8% year-on-year to 344,656 units despite marking the second-highest May tally on record.
• Total vehicle wholesales reached 2.01 million units, up 1.8%, while two-wheeler dispatches climbed 2.2% to 1.66 million units.
• Vehicle exports jumped 22.8% to 479,538 units, driven by strong overseas demand for motorcycles and three-wheelers.
• Electric two-wheeler sales in the >250W category surged to 78,322 units, nearly doubling year-on-year and underscoring a shift toward sustainable mobility.
• SIAM projects improved affordability and consumer sentiment following the RBI’s 100-basis-point repo rate reduction and favourable monsoon outlook.