Archive · 30 Nov 2025
PV Sales Surge 15% in October
The car industry had a great October with sales going up by 15% compared to last year.
This was because of lower taxes (GST cuts), new cars being launched, and people buying more cars for weddings.
The industry sold a lot of cars during the festive season, about 800,000, which is 21% more than last year.
Big cars called utility vehicles were the most popular.
The industry also sent more cars to other countries, with exports growing by 12%.
The experts think the whole year might see sales grow by 1-4%.
Dealers had fewer cars in stock at the end of October.
Passenger vehicle retail sales rose 15% year-on-year in October, the strongest festive season in recent years.
Wholesale volumes surged 17% year-on-year and 24% month-on-month to 460,000 units in October.
FY26 wholesale volumes expected to grow 1-4% due to GST cuts, new car launches, and wedding season demand.
Festive period sales reached 800,000 units, up 21% year-on-year, with utility vehicles dominating at 66-67% of total volumes.
Exports grew 12% year-on-year in October, with Maruti Suzuki and Hyundai Motor India leading, and 17% growth for April-October.
- Who
- Passenger vehicle (PV) industry, Icra, Federation of Automobile Dealers Associations (Fada)
- What
- Sales growth in October, expected growth for FY26, festive season sales, inventory levels, export growth
- When
- October, FY26, 42-day festive period, April-October
- Where
- India, overseas markets
- Why
- GST cuts, new car launches, wedding season demand, deferral of retail activity
- October Retail Sales Growth
- 15% year-on-year
- October Wholesale Volume Growth
- 17% year-on-year, 24% month-on-month
- FY26 Expected Growth
- 1-4%
- Festive Period Sales
- 800,000 units, up 21% year-on-year
- Utility Vehicles Market Share
- 66-67% of total industry volumes
- October Exports Growth
- 12% year-on-year
- April-October Exports Growth
- 17%
- Dealer Inventory Days
- 53-55 days by end of October
