November 2025 auto retail sales rise 2.14% YoY as sales momentum continues

Despite high base effect, the overall automobile retail sales in November 2025 grew 2.14% Year on Year (YoY) as the sales momentum continued beyond the traditional festive period.

While 2W sales were down 3.1% YoY, Passenger Vehicles (PV) rose 19.7%, Commercial Vehicles (CV) sales grew 19.94%, 3Ws increased 23.67% and Tractor sales grew 56.55%YoY. Construction Equipment (CE) retail sales however were down 16.5% YoY according to November retail sales data released by Federation of Automobile Dealers Association (FADA) on Monday. 

PV inventory at 44–46 days improved vs 53–55 days. 

While the 2W segment witnessed marginal decline due to retail shift to October & supply constraints; demand was supported by GST sentiment, EV traction & rural enquiries. 

Strong growth of the PV segment was driven by model availability, compact SUV push & year-end deals leafing to correction in inventory, FADA said. 

The CV segment was supported by infrastructure works, tourism mobility & tenders, it added. 

“November’25 defied the conventional post-festive slowdown, delivering a resilient performance despite an unusually high comparative base,” said C.S. Vigneshwar, President, FADA.

“Traditionally, auto retail eases in the month following the festival cycle; however, this year, most festive registrations were completed in October’25 itself, unlike November’24, when Deepawali and Dhanteras fell in towards the end of October’24, and vehicle registrations happened in November’24 which lifted volumes significantly,” he said.

“Even with this shift, the industry closed November’25 at a YoY growth of 2.14%, reaffirming customer confidence and the structural strength of India’s auto retail market. GST rate cuts coupled with OEM-Dealer retail offers continued pulling customers to showrooms, enabling sustained footfalls beyond the festive period. Price reductions across categories, which ignited strong buying in October, continued to support conversions in November as well,” he added.

The FADA president said, “Two-Wheelers, while reporting a modest 3.1% YoY decline, must be viewed in context. A significant retail shift occurred due to festive buying in October, combined with delayed crop payments and uneven supply of preferred models. Encouragingly, dealers continue to report strong walk-ins linked to GST sentiment and healthy marriage season demand.”

“Passenger Vehicles registered 19.7% YoY growth, aided by GST benefits, marriage season demand, better supply of high-waiting models, and sustained push from compact SUVs. Inventory thus reduced sharply to 44-46 days, down from 53-55 days, marking healthier demand-supply discipline,” he said.

“Commercial Vehicles grew 19.94% YoY, supported by select infrastructure activities, freight movement, tourism mobility, government tender cycles and GST reforms, although fleet utilisation remains uneven in select markets,” he added.