Hybrid Vahan retail registrations

Hybrid Sales Q4 FY 2024-25: 98,043 Units, Up 6.9% YoY

Every hybrid registered in India over Q4 FY 2024-25 — January 2025 to March 2025. Q4 of the financial year, January to March. Month-by-month volumes, the manufacturer leaderboard, which segments those hybrids are in, and the same window in every earlier year on record.

98,043
Hybrid registrations
Q4 FY 2024-25
+6.9%
Year on year
vs Q4 FY 2023-24 (3 mo)
32,681
Monthly average
3 months counted
41,765
Best month
January 2025
1.5%
Share of all registrations
+0.09pp vs Q4 FY 2023-24

Hybrid sales month by month, Q4 FY 2024-25

India's hybrid vehicle market registered 98,043 hybrids in Q4 FY 2024-25. Volumes grew 6.9% against the 91,720 logged over the same 3 months of Q4 FY 2023-24.

January was the strongest month of the period at 41,765 hybrids and February the quietest at 27,059, an average of 32,681 a month. 1 of those 3 months grew on the same month a year earlier.

January carries the new-year registration rush — buyers who took delivery in late December often register in the first week.

Q4 FY 2024-25 ran from January 2025 to March 2025 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of Q4 FY 2023-24.

Hybrids accounted for 1.5% of everything registered in India over the period, up from 1.4% in Q4 FY 2023-24. The whole market ran to 66,42,320 vehicles over the same window, broadly flat (+0.2%) year on year.

Hybrid registrations by month — Q4 FY 2024-25 vs Q4 FY 2023-24

Vahan retail registrations, each month set against the same month a year earlier.

Hybrid sales, month by month — Q4 FY 2024-25

Every completed month of Q4 FY 2024-25, with the matching month of Q4 FY 2023-24 beside it.

Month Q4 FY 2024-25 units Q4 FY 2023-24 units YoY Share of period
January 2025 41,765 31,604 +32.2% 42.6%
February 2025 27,059 30,760 −12.0% 27.6%
March 2025 29,219 29,356 −0.5% 29.8%

Each month links through to its own full report.

Who is selling the hybrids

Vahan publishes manufacturer volumes split by fuel only across a whole calendar year, so the hybrid leaderboard below covers full-year 2025 rather than Q4 FY 2024-25 alone. It is exact for that window.

Maruti Suzuki holds 59.3% of hybrid registrations over full-year 2025, ahead of Toyota Kirloskar.

Top hybrid manufacturers — full-year 2025

Hybrid registrations only; pure battery EVs are counted separately.

Hybrid market share — full-year 2025
# Manufacturer Hybrid units Share vs full-year 2024
1 Maruti Suzuki 2,19,015 59.34% −6.46pp
2 Toyota Kirloskar 1,33,392 36.14% +5.97pp
3 Mercedes-Benz 13,679 3.71% +0.65pp
4 Honda Cars 1,011 0.27% −0.11pp
5 Mercedes-Benz 695 0.19% +0.09pp
6 Jaguar Land Rover India 478 0.13% −0.04pp
7 Skoda 360 0.10% −0.03pp
8 BMW India 193 0.05% −0.05pp
9 Audi Ag 149 0.04% −0.02pp
10 Porsche Ag Germany 38 0.01% +0.01pp
11 Automobili Lamborghini S.P.A 29 0.01% +0.01pp
12 Maserati S.P.A 19 0.01% 0.00pp
13 Ferrari Spa (Importer:Select Cars P Ltd) 14 0.00% 0.00pp
14 Ferrari Spa (Importer:Navnit Motors Pvt Ltd) 9 0.00% 0.00pp
15 Mahindra 2 0.00% 0.00pp

Which segments the hybrids are in

The chart is period-exact: it is the hybrid share of every vehicle registered in each month of Q4 FY 2024-25. The split by segment underneath comes from a calendar-year table — Vahan publishes class against fuel only across a whole year — so it covers full-year 2025.

Hybrid share of the Indian market, month by month

Hybrids as a percentage of every vehicle registered that month.

Hybrid registrations by segment — full-year 2025

Strong, mild and plug-in hybrids together; pure battery EVs are counted separately.

Segment 2025 hybrid units Share vs full-year 2024
Cars & UVs 3,56,777 96.66% +0.74pp
Taxis & Cabs 10,771 2.92% −0.77pp
Other 810 0.22% +0.04pp
Buses 730 0.20% −0.01pp
Goods Carriers 1 0.00% 0.00pp

Fuel mix, Q4 FY 2024-25

Battery-electric vehicles were 8.1% of every registration in Q4 FY 2024-25, against 7.9% in Q4 FY 2023-24. That is 5,36,184 electric vehicles across all segments.

Fuel labels come straight from Vahan and the split below covers the whole market over January 2025 to March 2025 — petrol includes the E20 ethanol blend, which is now the single largest label in the database.

Registrations by fuel — Q4 FY 2024-25

Every vehicle registered in the period, by fuel.

Registrations by fuel — Q4 FY 2024-25

Exact fuel volumes over January 2025 to March 2025.

Fuel Q4 FY 2024-25 units Share vs Q4 FY 2023-24 Share move
Petrol 48,45,688 72.95% −1.9% −1.63pp
Diesel 7,47,610 11.26% +1.3% +0.12pp
Electric 5,36,184 8.07% +2.6% +0.18pp
CNG / LPG 3,92,875 5.91% +26.5% +1.23pp
Hybrid 98,043 1.48% +6.9% +0.09pp
Other 21,920 0.33% +1.0% 0.00pp

Every Q4 on record

Across the 3 completed windows in our Vahan record, hybrid registrations went from 91,720 in Q4 FY 2023-24 to 1,18,349 in Q4 FY 2025-26, up 29.0% over the stretch.

Hybrid registrations by quarter

* window still in progress.

Hybrid sales by quarter
Period Months Units YoY
Q4 FY 2025-26 3 1,18,349 +20.7%
Q4 FY 2024-25 3 98,043 +6.9%
Q4 FY 2023-24 3 91,720

Each row compares only the months that window holds, so a part period is never set against a full one.

Frequently asked questions

How many hybrids were sold in India in Q4 FY 2024-25?
98,043 hybrids were registered in India in Q4 FY 2024-25, according to Vahan registration data covering January 2025 to March 2025. That is +6.9% against the 91,720 registered over the same months of Q4 FY 2023-24.
What period does Q4 FY 2024-25 cover?
Q4 FY 2024-25 runs January to March — January 2025 to March 2025, all 3 months complete. India's financial year runs from 1 April to 31 March, which is the year every listed automaker reports on.
Which was the strongest month for hybrid sales in Q4 FY 2024-25?
January 2025 at 41,765 registrations. The quietest was February 2025 at 27,059, and the period averaged 32,681 hybrids a month.
Which quarter had the highest hybrid sales?
Of the 3 comparable windows in our record, Q4 FY 2025-26 is the largest at 1,18,349 registrations.
Are these retail sales or factory dispatches?
Retail. Every figure is a vehicle registration recorded on the Ministry of Road Transport & Highways' Vahan 4 dashboard — the same source FADA uses — not the wholesale dispatch numbers manufacturers announce each month. Registrations reach Vahan a few days after the sale, so recent months keep rising slightly for a while after they close.

Hybrid sales, other periods

More from the reports desk

Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.

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