Indian Car Market News

Car registrations barely grew between January and September 2025, compared to the same period last year. But a turnaround in October and an unusually strong November suggest a recovery may be taking hold.

Executives at BMW India, Mercedes and Audi India told Mint that sedans remain a key pillar of growth, making up more than 40% of sales, even as the likes of Hyundai and Maruti have pivoted to SUVs amid declining sedan sales.

The Czech automaker is now expecting about 18% EV penetration in India by 2030, down from 30% earlier. The infrastructure isn’t there yet, and the appetite just isn’t what the company expected. It’s not yet a high-aspiration segment. So for now, the mix will be lower than the company had hoped for.

After encountering margin hiccups, sluggish hatchback demand and a delayed EV rollout, the country’s largest carmaker is set to benefit from several tailwinds.

In 2022-23, 6.7% of Indian households owned one or more cars, with over two-thirds owned by families earning mostly from the services sector. It’s why Indian youth are rushing for service jobs, but this may lead to a labour market glut and worsen pay scales just as AI emerges as a job rival.

The Union ministry of heavy industries is set to work on a long-term playbook to develop India as a global automobile manufacturing hub

In 2022-23, 6.7% of Indian households owned one or more cars, with over two-thirds owned by families earning mostly from the services sector. It’s why Indian youth are rushing for service jobs, but this may lead to a labour market glut and worsen pay scales just as AI emerges as a job rival.