Indian Automotive Market Analysis: FY2024-25

The Indian automotive market experienced modest growth of 2.5% in FY2024-25, with wholesale volumes reaching 4.32 million units compared to 4.22 million in the previous financial year. This growth story, however, masks significant contrasts between segments and manufacturers, revealing a market in transition. The financial year has been characterized by considerable back-and-forth between OEMs and dealers, with many struggling to clear inventory backlogs.

Key Highlights:

• SUVs continued their dominant position with an impressive 11.6% growth
• Mahindra emerged as the standout performer, contributing 53% of the industry's total growth
• Traditional body styles (sedans and hatchbacks) saw ...