Auto industry clocks record May: PVs +27.3%, 2Ws +14.8%, 3Ws +31.1%
SIAM data shows Indian auto retail hit all-time May highs across segments — passenger vehicles at 4.38 lakh units, two-wheelers at 19.02 lakh, three-wheelers at 70,720. Lower GST, easier financing and a soft base drove the surge, though looming price hikes may test demand momentum ahead.
Indian auto industry posted record May sales across all segments, with passenger vehicles up 27.3% to 4.38 lakh units, two-wheelers up 14.8%, and three-wheelers up 31.1%, aided by lower GST rates, easier financing, and a low base.