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Utility vehicle demand drives PV dispatches to record high in FY25
Hindustan Times Pune
|April 16, 2025
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.
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.
This story is from the April 16, 2025 edition of Hindustan Times Pune.
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