A Year of Reset: India's PV Market's Late-2025 Revival
India’s PV industry was on track for a year-on-year decline when the sudden cut in GST breathed new life into sagging sales, putting it on track for a modest growth for the year.
By Darshan Nakhwa
3897 Views
India’s passenger vehicle industry spent 2025 navigating policy shifts, supply disruptions and evolving consumer priorities, yet still found its way back to growth. Retail volumes for January-October edged up by 4% despite months of muted sentiment, disrupted EV supply chains and a fragmented powertrain landscape.
The turning point came in September with the rollout of GST 2.0. The reform reset vehicle affordability across segments and coincided with the festive season, pulling buyers back into showrooms and restoring momentum after a prolonged period of hesitation.
From January to August, the industry moved through an uneven stretch. Consumer sentiment stayed ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
From Rs 431 Crore Loss to Recovery: Inside TIL’s Comeback
Shahkar Abidi
12 Jan 2026
New ownership charts ambitious turnaround for TIL, India's oldest crane manufacturer.
Why Toyota Is Building Its Carbon-Neutral Future Around India
Ketan Thakkar
08 Jan 2026
A look inside the engineering logic driving the world’s largest carmaker as it pursues multiple routes to decarbonisatio...
ZF’s Construction Equipment Strategy Reveals How India Has Moved Beyond the Auto Market
Shahkar Abidi
07 Jan 2026
ZF's leadership sees the construction equipment sector as an anomaly, a segment that, despite its current sluggishness, ...
