EV Sales Hit Record High As India's Automobile Retail Market Records 31.72 Lakh Vehicle Sales, Rising 25% Month-On-Month In October
New Delhi: India’s automobile sector saw total vehicle retails at 31,72,466 units, 25.05 per cent higher than September but 23.80 per cent lower than October 2025, as the year-on-year decline is almost entirely optical, the Federation of Automobile Dealers Associations (FADA) said on Friday. BSE Market Wealth Crosses Historic ₹500 Lakh Crore Milestone, Equity Rally & IPO Boom Fuel Record…
India's automobile industry saw a record 31,72,466 vehicle sales in October, marking a 25% increase from the previous month. However, this represents a 23.80% decline compared to October 2025, with the year-over-year decline largely attributed to the transition from the previous GST 2.0 rate cuts. The share of electric vehicles (EVs) in retail sales reached an all-time high of 3.55 lakh units, a 44.88% increase from the previous year, driving overall EV penetration to approximately 11.5% from 6% a year ago.
The festive season's impact was most evident in the two-wheeler segment, which saw a 29.67% increase month-over-month, despite being the most festival-dependent category. Commercial vehicles also performed strongly, with a 2.29% year-on-year increase and a 11.19% rise from September, marking a record October. Passenger vehicles experienced a 14.23% decline from October 2025 but a 18.86% increase from September.
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