adminIndia’s auto market showed mixed results in May 2025, with two-wheelers and passenger vehicles recording growth while the three-wheeler segment lagged. According to SIAM data, PV sales grew 7.5% YoY while 2Ws rose by 11%. 3Ws, however, declined by 4%.
Two-Wheelers Surge The growth in 2Ws is driven by:
- Higher rural demand
- E-commerce and delivery boom
- New affordable EV models
- Easier financing options
Passenger Vehicles Stay Resilient The PV segment benefited from:
- Strong urban demand
- Compact SUV popularity
- Attractive financing schemes
- Model refreshes by Maruti, Hyundai, and Tata
Three-Wheelers Face a Slump Declining interest in 3Ws is due to:
- Higher EV conversion costs
- Low driver income
- Inconsistent charging infrastructure
Regional Factors Southern and Western states performed better due to early monsoon and improved infrastructure, while North India saw muted sales due to heatwaves.
OEM Response To counter the 3W slump, manufacturers are launching finance and battery-swapping schemes to boost uptake.
Conclusion While two-wheelers and PVs continue to grow steadily, the three-wheeler segment needs structural support to revive. The overall auto market remains healthy heading into the festive season.
