Auto industry clocks record May: PVs +27.3%, 2Ws +14.8%, 3Ws +31.1%
SIAM data shows Indian auto retail hit all-time May highs across segments — passenger vehicles at 4.38 lakh units, two-wheelers at 19.02 lakh, three-wheelers at 70,720. Lower GST, easier financing and a soft base drove the surge, though looming price hikes may test demand momentum ahead.
What happened
SIAM · Indian auto industry posted record May sales across all segments, with passenger vehicles up 27.3% to 4.38 lakh units, two-wheelers up 14.8%, and
Key facts
- PV sales 4,38,854 units
- PV growth 27.3% YoY
- Two-wheeler sales 19,02,209 units +14.8%
- Three-wheeler sales 70,720 units +31.1%
- Scooter sales +27.4%
- Motorcycle sales +7.2%
- Moped sales +30.3%
Why this matters
Surging multi-segment retail momentum opens a window to acquire dealer networks, EV-adjacent assets or financing platforms while seller confidence and valuations align.