TL;DR
India's auto industry anticipates strong double-digit growth in November 2025 across two-wheelers, passenger, and commercial vehicles, driven by positive consumer sentiment, GST cuts, and rural demand.
India's automotive industry is projected to achieve robust double-digit year-on-year growth across all segments—two-wheelers, passenger vehicles, and commercial vehicles—in November 2025. This optimistic outlook is fueled by strong consumer sentiment, enhanced affordability due to recent GST cuts, and healthy rural demand, according to reports by Nuvama and other market analysts.
Two-wheeler manufacturers are expected to lead this growth momentum. Companies like Hero MotoCorp, Eicher Motors' Royal Enfield, and TVS Motor Company are anticipated to outperform their peers, with domestic two-wheeler sales projected to grow around 15 percent year-on-year. This surge is largely attributed to strong rural sentiment and increased cash flow during the marriage season. Exports in this segment are also expected to rise significantly, driven by demand from Asian, African, and Latin American markets.
The commercial vehicle segment is also forecasted to grow by approximately 15 percent, benefiting from GST reductions, increased freight movement, and stable financing conditions. Passenger vehicle volumes are similarly projected to climb by 13 percent, supported by GST cuts, easy financing availability, rural demand, and a pipeline of new model launches. Overall, the industry is witnessing improved enquiry-to-conversion rates and a positive market sentiment.
