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Passenger Vehicle Sales

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.