India auto retail jumps 9.6% in May to 25.31 lakh units; PVs hit record, EV share tops 11%
FADA data shows May retail auto sales up 9.6% YoY to 25.31 lakh units, led by passenger vehicles (+23.3% to 402,591) and 2Ws (+7.5% to 1.84M). Rural demand outpaced urban, EV penetration crossed 11%, and inventory held at 31-33 days. Dealers expect monsoon tailwinds through the June-August festive runup.
India's May auto retail rose 9.6% YoY to 25.31 lakh units, led by record PV sales (+23.3%) and tractors. Rural outpaced urban; EV penetration crossed 11%. Dealers expect monsoon-driven demand momentum through June-August festive runup.