Utility vehicle demand drives PV dispatches to record high in FY25

Passenger vehicle dispatches in India from factories to dealers rose to record levels at over 43 lakh units in FY25, with utility vehicles accounting for 65% of the total sales in the segment, industry body SIAM said on Tuesday.

- Press Trust of India

NEW DELHI:

Passenger vehicle (PV) dispatches rose to 43,01,848 units in the last fiscal year, marking a 2% increase compared to 42,18,750 units in FY 2023-24.

The high base effect of FY24 resulted in moderate growth last fiscal year, the Society of Indian Automobile Manufacturers (Siam) said in a statement.

Utility vehicles continued to drive growth, now contributing 65% of total passenger vehicle sales in FY25, up from around 60% in FY24, it added.

Utility vehicle sales grew 11% to 27,97,229 units in FY25 as compared to 25,20,691 units in FY24.