PVs Experience Bumpy H1 Ride

Wholesales decline 6.4% in June to 320,000 units, retail registrations fall 4.4%

- ANJALI SINGH

Domestic passenger vehicle (PV) dispatches in the first six months of calendar year 2025 were in the slow lane, with major players like Maruti Suzuki India (MSIL), Tata Motors, and Hyundai Motor India reporting a decline in volumes. Companies like Mahindra & Mahindra (M&M) and Škoda Auto India, however, bucked the trend, riding on the buzz created by new launches.

In June, overall industry volumes dipped. According to industry estimates, wholesales fell 6.4 per cent to 320,000 units. Retail registrations also declined by 4.4 per cent to 294,000 units during the month, industry insiders said.

MSIL posted a 2.2 per cent decline in dispatches for first half (H1) 2025 to 880,730 units. In June, dispatches dropped sharply by 13.3 per cent to 118,906 units. MSIL's utility vehicle (UV) sales also fell in June—from 52,373 units to 47,947 units.