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.
22 Dec 2025 | 11534 Views | By Darshan Nakhwa
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 ...
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