Archive · 28 Nov 2025
India's Economy Stable with Strong EV Sales
In the first 11 months of 2025, India saw over 2 million electric vehicles sold, mostly two-wheelers and three-wheelers.
The government's reduction in GST rates helped boost the economy, making people spend more and businesses supply more.
The economy is stable, with good inflation control and strong rural and urban demand.
Additionally, November auto sales are expected to be strong, with significant growth in passenger vehicles and two-wheelers.
The government is also working on trade deals to keep the economy growing.
EV retail sales in India surpassed 2 million units in the first 11 months of 2025, driven by strong two-wheeler demand.
GST rate reductions increased economic activity on both supply and demand sides, reinforcing a stable economic outlook.
Robust agricultural activity and adequate reservoir levels supported food supply and rural incomes.
November auto sales are expected to show strong growth, with passenger vehicles up 21% and two-wheelers up 15%.
The Indian economy is on a stable footing, with well-anchored inflation expectations and firming rural and urban demand.
- Who
- Electric vehicle manufacturers, consumers, and the Indian government
- What
- Strong EV sales and stable economic conditions in India
- When
- January to November 2025
- Where
- India
- Why
- GST rate reductions, robust agricultural activity, and strong demand for electric vehicles
- Total EV Retail Sales (Jan-Nov 2025)
- 2 million units
- Electric Two-Wheeler Sales (Jan-Nov 2025)
- 1.17 million units
- Electric Three-Wheeler Sales (Jan-Nov 2025)
- 696,150 units
- Electric Passenger Vehicle Sales (Jan-Nov 2025)
- 158,010 units
- GST Rate Reduction Impact
- Increased economic activity on supply and demand sides
- Inflation Outlook
- Encouraging, supported by softening global commodity prices
- November Auto Sales Growth (Passenger Vehicles)
- 21%
- November Auto Sales Growth (Two-Wheelers)
- 15%
Sources
Two-wheelers drive EV retail sales past 2-million mark in January-November
Maruti Suzuki e Vitara launch on Dec 2. What's powertrain choices for buyers
GST 2.0 bolstered momentum, economy on stable footing
November auto sales estimates: Passenger cars likely up 21% and two-wheelers up 15%
