Auto Retail Declines 12.4% In December 2024, Outlook For FY2025 & CY2025 Remains Optimistic

Pexels/TomFlex

The automotive retail sales in India saw a decline of 12.49 per cent in December, with 17,56,419 units registered, compared to 20,07,042 units last year, according to data released by the Federation of Automobile Dealers Associations (FADA).

In terms of segment-wise performance, two-wheeler sales came at 11,97,742 units, down 17.6 percent YoY, three-wheeler at 93,892 units, down 4.5 percent YoY, passenger vehicle sales at 2,93,465 units, down 1.9 percent YoY and commercial vehicles at 72,028 units, down 5.2 percent YoY. In contrast, tractor sales were in the green at 99,292 units, up 25.7 percent YoY.

The decline in sales for petrol-powered two-wheelers were attributed to low cash flow, poor market sentiment, supply challenges for popular models and growing shift towards electric vehicles.

FADA President C S Vigneshwar stated that despite heightened discounts and limited financing options failed to offset demand. In the passenger vehicle space, dealers were looking to offload the high inventory buildup following the festive season and aggressive discounting to clear stocks. But poor market sentiment, limited new model launches and intense price competition had impacted the PV segment.

Category Dec '24 Dec '23 Change (in units) Change (in %) Nov '24 Change (in %)
YoY YoY MoM
Two-wheeler 1,197,742 1,454,353 -256,611 -17.64% 2,615,953 -54.21%
Three-wheeler 93,892 98,384 -4,492 -4.57% 108,337 -13.33%
E-Rickshaw (P) 40,845 45,100 -4,255 -9.43% 40,391 1.12%
E-Rickshaw with Cart (G) 5,826 3,692 2,134 57.80% 5,423 7.43%
Three-wheeler (Goods) 9,122 9,546 -424 -4.44% 10,940 -16.62%
Three-wheeler (Passenger) 38,031 39,962 -1,931 -4.83% 51,466 -26.10%
Three-wheeler (Personal) 68 84 -16 -19.05% 117 -41.88%
Passenger Vehicle 293,465 299,351 -5,886 -1.97% 321,943 -8.85%
Tractor 99,292 78,944 20,348 25.78% 80,519 23.31%
Commercial Vehicle 72,028 76,010 -36,216 -47.65% 81,967 -51.45%
LCV 39,794 42,814 -38,152 -89.11% 47,530 -90.19%
MCV 4,662 4,987 17,794 356.81% 5,473 316.24%
HCV 22,781 23,904 -19,113 -79.96% 24,441 -80.40%
Others 4,791 4,305 486 11.29% 4,523 5.93%
Total 1,756,419 2,007,042 -250,623 -12.49% 3,208,719 -45.26%

For the commercial vehicle segment, the slowdown was attributed to low market sentiment, delayed government fund releases and slow financing approvals. Barring tippers, LCV degrowth and unseasonal rains further added to retail slowdown.

For CY2024, the auto retail sales grew 9.1 percent YoY at 2,61,07,679 units as against 2,39,28,293 units sold last year. This includes two-wheelers growing by 10.7 percent YoY, three-wheelers at 10.4 percent YoY, passenger vehicles at 5.1 percent, tractor at 2.5 percent and commercial vehicles reporting flat growth respectively.

Despite multiple headwinds in CY24 – including heatwaves, elections at both central and state levels and uneven monsoons – the auto retail industry remained resilient, closing the year with a 9% YoY growth. Notably, three-wheeler, passenger vehicle and tractor segments touched new all-time highs and two-wheeler barely missed surpassing its CY18 peak. CV is also yet to reach its CY18 peak, a year which saw the introduction of axle load norms,” said Vigneshwar.

Outlook remains positive

The auto dealer body expects that the coming months will see stable growth two-wheeler, commercial vehicles and passenger vehicles to remain in the green.

The confidence stems on the back of improvement in rural liquidity, evolving government policies, new product launches, infrastructure investments, stable credit availability to support the growth.

FADA stated that it remains optimistic on market recovery, coupled with strategic OEM support and policy-level clarity, that will enable retail sales to end CY2025 on a robust note.

Nissan Motor India Expands Retail Network With 54 New Outlets

Nissan Dealership

Japanese passenger vehicle manufacturer Nissan Motor India (NMIPL) has opened 54 customer touchpoints across the country during the first quarter of CY2026.

The expansion includes a combination of 3S (Sales, Service, and Spare Parts), 2S and 1S facilities as part of the company's strategy to reach 400 touchpoints by the end of FY2027.

This growth coincides with a period of increased sales for the manufacturer. In March 2026, Nissan recorded cumulative sales of 10,388 units, with domestic wholesales accounting for 4,408 units. This represents a 98 percent growth in domestic wholesale compared to the previous year and the highest monthly domestic figure for the company in five years. Export volumes for the same month stood at 5,980 units.

The network development is intended to support a product offensive that includes the Nissan Gravite and the upcoming Nissan Tekton and a seven-seater C-SUV. The expansion follows the established market presence of the Nissan Magnite. The new facilities are built to global retail standards and are intended to improve brand accessibility across various Indian regions.

Saurabh Vatsa, Managing Director, Nissan Motor India, said, “The opening of 54 new customer touchpoints across India in Q1 2026 marks an important milestone in Nissan’s growth journey in India. As we strengthen our product portfolio with the launch of the all-new Nissan Gravite, soon to be launched all-new Nissan Tekton & C-SUV 7-seater along with our popular New Nissan Magnite; network expansion continues to be a critical pillar of our strategy. This growth underlines our commitment to improving accessibility, enhancing customer reach, brand experience while progressing towards our goal of 400 touchpoints by the end of FY2027.”

Hyundai Motor India Launches Grand i10 NIOS Vibe Edition At INR 709,400

Hyundai Grand i10 NIOS

Hyundai Motor India (HMIL), one of the leading passenger vehicle manufacturers, has introduced the ‘Vibe’ edition to the Grand i10 NIOS model range with prices starting INR 709,400 for the manual transmission version.

The update targets a customer base that has exceeded 500,000 buyers since the model's inception. This edition includes the Sportz Vibe and Sportz (O) Vibe variants, featuring design and hardware changes alongside the addition of a dashcam.

The interior of the Vibe edition is finished in black with red inserts, while the exterior features black painted alloy wheels. Further upgrades include a leather-wrapped steering wheel, an 8-inch touchscreen audio system with smartphone integration, automatic air conditioning and cruise control.

The Sportz (O) Vibe variant also incorporates a smart key with push-button start. Safety features across the range include six airbags and a highline tyre pressure monitoring system.

A primary addition to the Vibe and Asta trims is a dashcam that provides multiple recording modes, such as driving, emergency and vacation recording. The system allows users to download video and capture photos via a mobile application. The Vibe edition is powered by a 1.2-litre Kappa petrol engine and is available with either a five-speed manual or an automated manual transmission (AMT).

The Sportz Vibe edition is priced from INR 709,400 for the manual version and INR 761,400 for the AMT. The Sportz (O) Vibe AMT is available at INR 773,400, while the updated Asta variant ranges from INR 750,700 to INR 8,02,600. Hyundai has also introduced a Titan Grey Matte colour option to the Grand i10 NIOS line-up.

Amit Dhaundiyal, Head of Product Strategy & Planning, Hyundai Motor India, said, “At Hyundai Motor India Limited, we are constantly evolving our product offerings to align with the aspirations of our customers. The introduction of the Vibe edition in the Grand i10 NIOS reflects our commitment to delivering enhanced value, style and convenience to new-age buyers. Alongside the Vibe edition, the addition of Dashcam in both the Vibe edition and Asta variant addresses the growing focus on road safety while also adding engaging features like photo capture and more. Further, the introduction of the new Titan Grey Matte colour resonates with the lifestyle and aspirations of our customers.”

MG Majestor Sets Guinness World Record For Heaviest Train Pull By An SUV

JSW MG Majestor - Guinness World Records

JSW MG Motor India has announced that its recently introduced MG Majestor has established a Guinness World Records title for the heaviest train pulled by a sports utility vehicle on rail. The vehicle towed a 406.4 tonne train over a distance of 300 feet on a railway section between Kakapora and Awantipora in Jammu and Kashmir. This performance exceeded the qualifying benchmarks of 400 tonnes and 100 feet.

The attempt used a production vehicle without modifications to the engine, drivetrain, or traction systems. The train consisted of a WAG-9HC locomotive, passenger coaches and a guard coach.

Independent experts monitored the event to confirm that the movement was powered solely by the SUV and that no external propulsion was used. The vehicle is equipped with a 2.0-litre twin-turbo diesel engine producing 215.5 PS and 478.5 Nm of torque, paired with an eight-speed automatic transmission.

The SUV features triple differential locks, a four-wheel-drive system with 10 modes and Level 2 ADAS technology. JSW MG Motor India has opened pre-reservations for the model at INR 41,000. The initial 3,000 customers are eligible for an ownership package including a five-year unlimited kilometre warranty, five years of roadside assistance and five services without labour charges.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “This achievement is a powerful demonstration of what the MG Majestor is engineered to deliver. It reflects our focus on building vehicles that combine strength, precision and control, even in the most demanding conditions. With the Majestor, we are setting new benchmarks for capability while staying committed to delivering meaningful innovation and confidence to our customers.”

Toyota Kirloskar Motor Reaches 200,000 Sales Milestone For Innova HyCross

Toyota Innova HyCross

Toyota Kirloskar Motor (TKM) has announced that cumulative sales of the Innova HyCross in India have surpassed 200,000 units. The milestone was achieved within 41 months of the model's launch in November 2022. The Innova HyCross is priced from INR 1.95 million (ex-showroom).

The Innova HyCross is built on the Toyota New Global Architecture (TNGA) platform. The flagship powertrain features a 5th Generation Self-Charging Strong Hybrid Electric System, which combines a 2.0-litre four-cylinder petrol engine with an e-drive sequential shift.

The hybrid tech has a claimed power output of 137 kW (186 PS), which allows the vehicle to operate in electric (EV) mode for approximately 60 percent of the time during typical driving cycles. A 2.0-litre naturally aspirated petrol engine option is also available, delivering 129 kW (174 PS).

The Innova HyCross scored a 5-Star safety rating in the Bharat New Car Assessment Programme (BNCAP).

It comes equipped with the Toyota Safety Sense suite, which includes active safety technologies to assist driver awareness. Interior features include powered Ottoman second-row seating, ventilated front seats, and over 65 connected vehicle functions.

Toyota provides an 8-year warranty on the hybrid battery for select variants. Ownership is supported by the T CARE ecosystem, a service framework covering the vehicle lifecycle from pre-sales to repurchase, including roadside assistance and periodic maintenance packages.

The achievement of this sales volume reinforces the model's position in the premium MPV segment and supports Toyota’s ‘multi-pathway’ strategy for carbon reduction through hybrid technology.

Sabari Manohar, Executive Vice-President, Toyota Kirloskar Motor, said, “We are proud to celebrate a significant achievement of over 2 lakh Innova HyCross sales, highlighting the model’s strong legacy and enduring appeal among customers. This milestone also reflects growing customer trust in Toyota’s self-charging hybrid technology, along with the brand’s commitment to design, performance, comfort, and reliability. It further motivates us to continue delivering market-relevant products, advanced technologies, and a seamless ownership experience aligned with evolving customer expectations. We extend our sincere gratitude to our customers and remain confident that the Innova HyCross will continue to inspire confidence and set new benchmarks in the mobility ecosystem.”