Auto sector gains momentum in November, Major Carmakers report strong YoY growth

India’s automobile industry posted strong gains in November 2025, with Maruti Suzuki, Mahindra & Mahindra, Toyota Kirloskar Motor and Kia India recording robust year-on-year growth on the back of festive-season demand, supportive GST reforms and improved rural purchasing power.

Maruti Suzuki led the industry with a 26 per cent rise in total sales, reporting 2,29,021 units against 1,81,531 units in November 2024. Domestic passenger vehicle dispatches stood at 1,70,971 units, while exports rose sharply to 46,057 units as demand strengthened across segments including compact cars and utility vehicles.

Mahindra & Mahindra reported total sales of 92,670 units, up 19 per cent from last year. Passenger vehicle sales increased 22 per cent to 56,336 units and commercial vehicle volumes grew 17 per cent. Its Farm Equipment Business delivered a strong performance, with domestic tractor sales rising 33 per cent to 42,273 units, driven by favourable farm sentiment, higher MSP and record kharif output. Tractor exports also saw an uptick.

Toyota Kirloskar Motor reported a 28 per cent increase in wholesales, dispatching 33,752 units compared to 26,323 units last year. Domestic sales reached 30,085 units as models like the Urban Cruiser Hyryder Aero Edition and Fortuner Leader Edition continued to receive strong customer response. The company attributed part of this momentum to the government’s recent GST reforms, which improved affordability and aided buying decisions during the festive period.

Kia India recorded its best-ever November with sales of 25,489 units, marking a 24 per cent rise from 20,600 units a year earlier. The company said favourable market sentiment, growing preference for its SUV-led portfolio and improvements in mobility infrastructure contributed to the strong performance.

Industry executives said the upbeat results were bolstered by the festive season, improved consumer confidence, and a more stable supply chain. Recent GST rationalisation, including lower rates on select components and simplified tax credit flow, also contributed by reducing ownership costs and improving dealer liquidity. In rural markets, GST cuts on farm machinery supported farmer incomes, aiding demand for tractors and entry-level vehicles.

With all major manufacturers reporting double-digit growth, November emerged as one of the sector’s strongest months this year, reinforcing expectations of sustained demand in the coming quarters.