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Passenger Vehicle Sales

Auto sector gained pace in May, with Kia, TVS Motor, and JSW MG Motor reporting strong sales driven by rising demand and solid product lines.

India's auto sector recorded a 7.3% growth in domestic sales in FY25, with passenger vehicles hitting an all-time high.

India’s passenger vehicle (PV) sales rose 2.6% year-on-year in FY25, impacted by a high base effect, slowing urban demand.

ICRA forecasts passenger vehicle sales in India to grow by 4-7% in 2025-26, with most demand factors remaining neutral or favorable.