Passenger Vehicle (PV) Sales 2025: Maruti Suzuki Leads, 46,29,317 Units, Up 9.4% YoY
Every passenger vehicle (cars, UVs and taxis) registered in India over CY 2025 — January 2025 to December 2025. The calendar year, January to December. Month-by-month volumes, the manufacturer leaderboard, how the segment moved against the rest of the market, and the same window in every earlier year on record.
Passenger Vehicle sales month by month, CY 2025
India's passenger vehicle market registered 46,29,317 passenger vehicles in CY 2025. Volumes improved 9.4% against the 42,29,896 logged over the same 12 months of CY 2024.
Passenger vehicles (PV, also called 4W) are privately registered cars and UVs plus taxis and cabs, which Vahan books as a class of their own. In CY 2025 that was 42,69,911 cars and UVs and 3,59,406 taxis and cabs; taxis were 7.8% of the total. Against CY 2024, cars and UVs were +9.5% and taxis +9.1%.
October was the strongest month of the period at 5,89,739 passenger vehicles and June the quietest at 3,17,587, an average of 3,85,776 a month. 11 of those 12 months grew on the same month a year earlier.
CY 2025 ran from January 2025 to December 2025 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of CY 2024.
Passenger vehicles accounted for 15.8% of everything registered in India over the period, up from 15.5% in CY 2024. The whole market ran to 2,92,91,488 vehicles over the same window, up 7.5% year on year.
Passenger Vehicle registrations by month — CY 2025 vs CY 2024
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of CY 2025, with the matching month of CY 2024 beside it.
| Month | CY 2025 units | CY 2024 units | YoY | Share of period |
|---|---|---|---|---|
| January 2025 | 4,96,262 | 4,21,367 | +17.8% | 10.7% |
| February 2025 | 3,21,394 | 3,49,677 | −8.1% | 6.9% |
| March 2025 | 3,67,510 | 3,40,690 | +7.9% | 7.9% |
| April 2025 | 3,75,106 | 3,55,619 | +5.5% | 8.1% |
| May 2025 | 3,24,005 | 3,23,227 | +0.2% | 7.0% |
| June 2025 | 3,17,587 | 3,01,537 | +5.3% | 6.9% |
| July 2025 | 3,47,509 | 3,42,976 | +1.3% | 7.5% |
| August 2025 | 3,44,624 | 3,31,441 | +4.0% | 7.4% |
| September 2025 | 3,21,387 | 2,93,776 | +9.4% | 6.9% |
| October 2025 | 5,89,739 | 5,12,201 | +15.1% | 12.7% |
| November 2025 | 4,24,706 | 3,47,750 | +22.1% | 9.2% |
| December 2025 | 3,99,488 | 3,09,635 | +29.0% | 8.6% |
Each month links through to its own full report.
Which manufacturer sold the most, CY 2025
Maruti Suzuki led the period with 18,45,918 registrations, up 8.3% on CY 2024. Mahindra follows on 5,80,738, 12,65,180 behind — a gap of 3.18x.
The fastest riser in the top 8 was Skoda, up 35.4% to 1,14,620, while Hyundai was broadly flat (−0.7%) at 5,80,073.
Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's passenger vehicle volume over CY 2025. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — CY 2025
Registrations inside the segment (passenger vehicles only).
Exact registrations over January 2025 to December 2025, with the change against CY 2024.
| # | Manufacturer | CY 2025 units | Share of passenger vehicles | vs CY 2024 |
|---|---|---|---|---|
| 1 | Maruti Suzuki | 18,45,918 | 39.87% | +8.3% |
| 2 | Mahindra | 5,80,738 | 12.54% | +14.4% |
| 3 | Hyundai | 5,80,073 | 12.53% | −0.7% |
| 4 | Tata Motors (PV) | 5,10,901 | 11.04% | +4.1% |
| 5 | Toyota Kirloskar | 3,30,381 | 7.14% | +23.3% |
| 6 | Kia India | 2,72,215 | 5.88% | +8.7% |
| 7 | Skoda | 1,14,620 | 2.48% | +35.4% |
| 8 | Tata Motors (EV) | 76,320 | 1.65% | +19.5% |
| 9 | MG Motor | 72,183 | 1.56% | +27.9% |
| 10 | Honda Cars | 65,816 | 1.42% | −9.5% |
| 11 | Renault India | 36,415 | 0.79% | −10.3% |
| 12 | Mahindra Electric Automobile | 30,421 | 0.66% | — |
| 13 | Nissan India | 21,925 | 0.47% | −16.3% |
| 14 | Mercedes-Benz | 18,079 | 0.39% | +5.2% |
| 15 | BMW India | 17,680 | 0.38% | +16.4% |
Passenger Vehicle sales against the rest of the market
Set against the rest of the market, passenger vehicles outgrew the national picture over CY 2025: +9.4% against +7.5% for every vehicle registered in India.
The table covers every segment Vahan reports over the same 12-month window, so the comparison is like for like — the same months, the same source, on both sides.
Passenger Vehicle share of the Indian market, month by month
Passenger vehicles as a percentage of every vehicle registered that month.
Exact segment volumes over January 2025 to December 2025.
| Segment | CY 2025 units | Share | vs CY 2024 |
|---|---|---|---|
| Two-Wheelers | 2,10,19,630 | 71.76% | +7.0% |
| Cars & UVs | 42,69,911 | 14.58% | +9.5% |
| Three-Wheelers | 13,63,074 | 4.65% | +7.8% |
| Tractors | 10,11,778 | 3.45% | +11.1% |
| Goods Carriers | 9,12,822 | 3.12% | +5.6% |
| Taxis & Cabs | 3,59,406 | 1.23% | +9.1% |
| Other classes | 2,27,958 | 0.78% | +10.5% |
| Buses | 1,26,909 | 0.43% | +11.9% |
What passenger vehicles run on
Vahan splits a segment by fuel only across a whole calendar year, so this table covers full-year 2025 rather than CY 2025 alone — it is exact for that window.
Petrol accounts for 48.4% of passenger vehicle registrations over full-year 2025, with battery-electric at 4.2%.
Passenger Vehicle registrations by fuel — full-year 2025
The full-year 2025 mix.
| Fuel | 2025 units | Share | vs full-year 2024 |
|---|---|---|---|
| Petrol | 22,41,848 | 48.43% | −4.23pp |
| CNG / LPG | 9,89,224 | 21.37% | +3.18pp |
| Diesel | 8,34,247 | 18.02% | −0.21pp |
| Hybrid | 3,67,463 | 7.94% | −0.48pp |
| Electric | 1,95,852 | 4.23% | +1.74pp |
| Other | 683 | 0.01% | +0.01pp |
Passenger Vehicle sales, year by year
Across the 2 completed windows in our Vahan record, passenger vehicle registrations went from 42,29,896 in CY 2024 to 46,29,317 in CY 2025, up 9.4% over the stretch.
CY 2026 is still running — 9 of its 12 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.
Passenger Vehicle registrations by calendar year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| CY 2026 (to date) | 9 | 39,76,202 | +23.7% |
| CY 2025 | 12 | 46,29,317 | +9.4% |
| CY 2024 | 12 | 42,29,896 | +5.2% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Where the demand was
State-level volumes for a single segment come from a calendar-year table, so the figures below cover full-year 2025. Maharashtra leads with 5,63,020 registrations, 12.2% of the segment.
| # | State | Units | Share |
|---|---|---|---|
| 1 | Maharashtra | 5,63,020 | 12.2% |
| 2 | Uttar Pradesh | 5,09,477 | 11.0% |
| 3 | Gujarat | 3,86,923 | 8.4% |
| 4 | Karnataka | 3,35,246 | 7.2% |
| 5 | Haryana | 3,23,107 | 7.0% |
| 6 | Tamil Nadu | 3,11,001 | 6.7% |
| 7 | Rajasthan | 2,58,787 | 5.6% |
| 8 | Kerala | 2,47,965 | 5.4% |
| 9 | Madhya Pradesh | 2,09,338 | 4.5% |
| 10 | Delhi | 1,94,484 | 4.2% |
| 11 | Punjab | 1,80,073 | 3.9% |
| 12 | Telangana | 1,75,847 | 3.8% |
Frequently asked questions
How many passenger vehicles were sold in India in CY 2025?
What counts as a passenger vehicle (PV)?
What period does CY 2025 cover?
Which manufacturer sold the most passenger vehicles in CY 2025?
Which was the strongest month for passenger vehicle sales in CY 2025?
What share of the Indian market were passenger vehicles in CY 2025?
Which calendar year had the highest passenger vehicle sales?
Are these retail sales or factory dispatches?
Passenger Vehicle sales, other periods
More from the reports desk
Source. Every figure is a vehicle registration, taken 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.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
