TL;DR
India's auto industry is set for double-digit growth in November 2025 across all segments, driven by strong consumer sentiment, GST cuts, rural demand, and new model launches.
India's automobile industry is projected to achieve double-digit year-on-year growth across two-wheelers, passenger vehicles, and commercial vehicles in November 2025. This optimistic forecast, according to a report by Nuvama, is fueled by robust consumer sentiment, enhanced affordability due to recent GST cuts, strong rural demand, interest rate reductions, and ample finance availability.
Two-wheeler manufacturers are expected to lead this surge, with domestic sales potentially growing by approximately 15% year-on-year, driven by positive rural sentiment and healthy cash flows during the marriage season. Hero MotoCorp, Eicher Motors' Royal Enfield, and TVS Motor Company are anticipated to outperform their competitors in this segment. Exports for two-wheelers are also predicted to rise significantly, supported by strong demand from Asian, African, and Latin American markets.
The commercial vehicle segment is also poised for around 15% growth, benefiting from GST reductions, increased freight movement spurred by rising consumption, and stable financing conditions. Passenger vehicle volumes are expected to climb by 13% year-on-year, aided by similar factors alongside the introduction of new models.
