India's Auto Retail Sector Shows Modest Growth in April 2025, Fuelled by Rural Demand
- By MT Bureau
- May 05, 2025
The Federation of Automobile Dealers Associations (FADA) today released its April 2025 vehicle retail data, revealing a moderate overall growth of 3 percent YoY.
The two-wheeler segment emerged as the primary growth driver, registering a 2.25 percent increase in retail sales compared to April 2024 and a significant 11.84 percent MoM growth. FADA attributes this positive momentum to strong rural demand. However, the sector continues to face headwinds in the form of high financing costs and the pricing impact of OBD-2B emission norms.
The tractor segment demonstrated robust growth, with a 7.5 percent increase in retail sales year-on-year. This strong performance likely reflects the positive sentiment stemming from a strong Rabi harvest, which typically boosts agricultural activity and consequently, tractor demand.
In contrast to the strong performance of two-wheelers and tractors, the passenger vehicle segment experienced a modest 1.55 percent YoY growth, while witnessing a slight dip of 0.19 percent on MoM basis. The auto retail body attributes that deep discounts are prevalent in the market and while the demand for SUVs remains strong, the entry-level segment continues to exhibit sluggishness. FADA also noted that the PV inventory levels are currently around 50 days, significantly higher than their advocated norm of 21 days.
The commercial vehicle segment faced a contraction, with retail sales declining by 1.05 percent YoY and 4.44 percent on MoM basis. FADA suggests that recent price hikes by OEMs and flat freight rates are negatively impacting sales. Within the CV segment, the Small Commercial Vehicle category saw weak demand, while the bus segment remains steady.
Looking ahead to May 2025, FADA anticipates a positive outlook, primarily driven by the strong conclusion of the Rabi harvest. The expectation of a normal monsoon further strengthens this positive sentiment, suggesting continued momentum in rural demand which could positively influence vehicle sales across various segments.
In a significant development, FADA has begun releasing fuel-wise vehicle retail market share data across all key categories. This new initiative aims to provide stakeholders with a granular understanding of evolving energy preferences and the impact of regulatory influences on India's automotive ecosystem.
C S Vigneshwar, President, FADA, said, “The new financial year began on a measured note as overall retails in April managed to grow by 3 percent YoY. All categories except CV closed in the green, with 2W, 3W, PV and Trac up 2.25 percent, 24.5 percent, 1.5 percent and 7.5 percent respectively, while CVs declined by 1 percent. With the tariff war paused, stock markets staged a sharp pullback – alleviating investor concerns – and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note.”
| Category | Apr '25 | Apr '24 | Change (in units) | Change (in %) | Mar '25 | Change (in %) |
| YoY | YoY | MoM | ||||
| Two-wheeler | 1,686,774 | 1,649,591 | 37,183 | 2.25% | 1,508,232 | 11.84% |
| Three-wheeler | 99,766 | 80,127 | 19,639 | 24.51% | 99,376 | 0.39% |
| E-Rickshaw (P) | 39,528 | 31,811 | 7,717 | 24.26% | 36,097 | 9.50% |
| E-Rickshaw with Cart (G) | 7,463 | 4,215 | 3,248 | 77.06% | 7,222 | 3.34% |
| Three-wheeler (Goods) | 10,312 | 9,080 | 1,232 | 13.57% | 11,001 | -6.26% |
| Three-wheeler (Passenger) | 42,321 | 34,959 | 7,362 | 21.06% | 44,971 | -5.89% |
| Three-wheeler (Personal) | 142 | 62 | 80 | 129.03% | 85 | 67.06% |
| Passenger Vehicle | 349,939 | 344,594 | 5,345 | 1.55% | 350,603 | -0.19% |
| Tractor | 60,915 | 56,635 | 4,280 | 7.56% | 74,013 | -17.70% |
| Commercial Vehicle | 90,558 | 91,516 | -958 | -1.05% | 94,764 | -4.44% |
| LCV | 46,751 | 47,267 | -516 | -1.09% | 52,380 | -10.75% |
| MCV | 7,638 | 6,776 | 862 | 12.72% | 7,200 | 6.08% |
| HCV | 31,657 | 32,590 | -933 | -2.86% | 29,436 | 7.55% |
| Others | 4,512 | 4,883 | -371 | -7.60% | 5,748 | -21.50% |
| Total | 2,287,952 | 2,222,463 | 65,489 | 2.95% | 2,126,988 | 7.57% |
- Society of Indian Automobile Manufacturers
- SIAM
- SIAM Human Capital Group
- Saurav Kumar
- Euler Motors
- Devashish Handa
- Suzuki Motorcycle India
- Yeshwinder Patial
- JSW MG Motor India
- Rupam Singh
- JSW Motors
- Anuradha Dhamodaran
- TVS Motor Company
- Dr. Sudhanshu Pathak
- JK Tyre & Industries
- Nitin Khindria
- Omega Seiki Mobility. Dr. Natwar Kadel
- Hyundai Motor India
- TVS Motor Company
- VE Commercial Vehicles
- Bajaj Auto
- Ashok Leyland
- Madhuri Mehta
- Hero MotoCorp
- Prabhu Nagaraj
- ASDC
- Automotive Skills Development Council
- Honda Motorcycle & Scooter India
- Mir Ranjan Negi
SIAM Hosts First Automotive HR Youth Workshop To Shape Next-Gen Workforce
- By MT Bureau
- May 27, 2026
The Society of Indian Automobile Manufacturers (SIAM) organised the first edition of the Automotive HR Youth Workshop 2026 under the aegis of the SIAM Human Capital Group. The event was themed ‘Driving the Future: Youth, Skills & the Next Era of Indian Automotive Workforce’.
The day-long workshop brought together senior automotive executives, Chief Human Resources Officers (CHROs), young professionals and academic representatives to discuss the training and talent requirements of India’s changing mobility ecosystem.
The schedule featured specialised modules covering contemporary industry changes, including a knowledge session titled ‘Future Skills & Best Practices’, a growth session on ‘How to Build Careers in Automotive’ and a leadership panel focused on ‘Redesigning Automotive Careers for the Next Generation’. The presentations highlighted the importance of industry-academia partnerships, digital workplace adaptation, and the implementation of inclusive, high-performance corporate structures.
The event drew senior human resource panel representatives and founders from across the Indian manufacturing and mobility landscape, including Saurav Kumar, Founder & CEO, Euler Motors; Devashish Handa, Executive Officer, Suzuki Motorcycle India; Yeshwinder Patial, CHRO, JSW MG Motor India; Rupam Singh, CHRO, JSW Motors; Anuradha Dhamodaran, Associate Vice-President – HR, TVS Motor Company; Dr. Sudhansu Pathak, Vice President – HR, JK Tyre & Industries and Nitin Khindria, CHRO, Omega Seiki Mobility.
The workshop also included interactive case presentations from emerging human resource managers representing major original equipment manufacturers (OEMs), such as TVS Motor Company, VE Commercial Vehicles, Bajaj Auto and Ashok Leyland.
Dr. Natwar Kadel, Chairman of the SIAM Human Capital Group and Vertical Head of People Strategy, Hyundai Motor India, said, “The young workforce is already shaping the industry as it navigates rapid change. Their ability to take decisions and keep moving forward defines this transition, where learning, unlearning, and relearning matter more than ever. The automotive sector needs this mindset now, as we work to build the next generation of leaders."
Madhuri Mehta, Co-Chairman of the SIAM Human Capital Group and CHRO at Hero MotoCorp, remarked, “This is both the most exciting and the most challenging phase for the automotive industry, as the entire ecosystem undergoes a massive transformation. Auto plants today have evolved dramatically, and the focus must now shift towards preparing people for this new era of growth. Continuous reskilling and capability building will be critical to ensure the workforce evolves alongside the industry”.
Prabhu Nagaraj, Vice Chairperson of the Automotive Skills Development Council (ASDC) and Operating Officer at Honda Motorcycle & Scooter India, noted, “A skilled and future-ready workforce is essential in today’s fast-changing landscape. The opportunity is clear, but it will only be realised if industry, academia, and policymakers come together to equip young talent with the right skills. That is how we make them truly employable for what lies ahead."
Mir Ranjan Negi, Former Indian hockey player, delivered a special address on ‘A Journey of Resilience and Leadership’, drawing structural parallels between sports training and corporate workforce management, “There is a strong similarity between a sportsperson and a corporate leader as both are driven by discipline, resilience, and the desire to bring pride to what they represent. When you stay fully committed to your goal, nothing can hold you back. There is no room for fear because those who lead from the front and stand strong in tough moments are the ones who truly rise.”
- BluJ Aerospace
- Gen 2
- eVTOL
- Vantis
- Amar Sri Vatsavaya
- Sateesh Andra
- Endiya Partners
- Naganand Dorawamy
- Ideaspring Capital
BluJ Aerospace Unveils Gen2 eVTOL Prototype Built On Vantis Platform Architecture
- By MT Bureau
- May 26, 2026
Hyderabad-headquartered BluJ Aerospace has introduced its Gen 2 prototype electric vertical take-off and landing (eVTOL) vehicle, marking the first commercial-grade assembly developed from its Vantis platform architecture.
The rollout follows four years of internal research and development at the company's 40,000 square foot manufacturing facility in Hyderabad.
The Gen 2 is a fully battery-powered vertical take-off and landing (VTOL) aircraft configured for freight and cargo logistics. It operates with a maximum take-off weight of 500 kilograms and carries an active payload capacity target exceeding 200 kilograms. Employing a lift-plus-cruise design, the model is currently undergoing flight tests to validate subsystem integration, payload distribution and mission metrics for commercial deployments.
The underlying Vantis architecture forms a unified engineering baseline for the airframe, electric propulsion systems, flight controls and autonomous navigation software. Subsystems validated on the initial platforms are transferred directly to future vehicle iterations to manage development costs and accelerate commercial timelines. The company holds a design patent on its eVTOL layout and has submitted utility patent filings for its carbon-fibre airframe and distributed powertrain configurations.
BluJ’s current commercial pipeline encompasses infrastructure transport, express cargo, energy networks, airport freight and defence logistics. The company has finalised a pilot project with a public sector undertaking (PSU) in the power sector and maintains technical partnerships with a defence PSU alongside domestic military supplier.
On the development of its hydrogen-electric powertrains, the firm has completed ground testing of its fuel-cell assembly, which incorporates an internally designed Type IV composite hydrogen storage tank. Long-range hydrogen-electric variants are scheduled for testing between 2027 and 2028. To support this propulsion rollout, BluJ is collaborating with Bharat Petroleum Corporation Limited and Cochin International Airport Limited to outline regional hydrogen refueling infrastructure.
Amar Sri Vatsavaya, Founder and CEO, BluJ Aerospace, said, “The next major shift in aviation is the move from single product programs to platform-based architectures. Just as the automotive industry builds multiple vehicles on a common platform, Advanced Air Mobility will need adaptable architectures that scale across missions, payloads, and customer use cases. That is the advantage VANTIS gives BluJ. Our platform-based approach lets us develop multiple AAM product classes efficiently and at scale."
Sateesh Andra, Managing Director, Endiya Partners, added, “India runs one of the largest logistics economies in the world, but it still moves on aircraft and infrastructure designed elsewhere. Aerial mobility is a rare category where Indian deep-tech can build globally relevant aerospace IP from the ground up, and that needs founders willing to bet years on getting the engineering right. BluJ Aerospace’s Gen 2 flight is proof that the hard work is paying off. From long-range cargo to the regional passenger mobility India needs next, they are building what comes after the runway.”
Naganand Doraswamy, Managing Partner, Ideaspring Capital, said, "Deep-tech categories that compound, from semiconductors to robotics and now aerospace, are won by teams that build platforms, not single products. India has had the engineering talent for decades, but very few teams have applied that platform discipline to aircraft. That is what BluJ has done with VANTIS, and Gen 2 is the first commercial output of an architecture we expect will shape how India shows up in global aerospace over the next decade.”
Pham Nhat Quan Anh Succeeds Le Thi Thu Thuy As Chairman Of VinFast Auto
- By MT Bureau
- May 26, 2026
Vietnamese automotive company VinFast Auto has appointed Pham Nhat Quan Anh as Chairman of the Board of Directors, effective 23 May 2026. He succeeds Le Thi Thu Thuy, who steps down from the board to focus on her role as Vice Chairwoman of Vingroup, VinFast’s majority shareholder.
The management transition comes as the Vietnamese electric vehicle manufacturer expands its production and sales presence across international markets, including recent factory development and vehicle rollouts in Southeast Asia.
Prior to this appointment, Pham Nhat Quan Anh held the positions of Vice Chairman and Standing Deputy General Director at VinFast Trading and Production JSC.
Since joining the automotive firm in February 2019, his executive responsibilities have spanned vehicle development, manufacturing oversight and quality control, including tenures as Deputy General Director of Global Sales, Marketing & Aftersales and Director of the Planning, Program Coordination and Quality Inspection Division.
Pham Nhat Quan Anh, said, “I am honoured to assume the role of Chairman of the Board of VinFast. VinFast has built a strong foundation over the past several years, and we remain focused on executing the Company’s long-term strategic priorities, advancing innovation, and continuing to strengthen our global operations and customer experience. I look forward to working closely with the leadership team as VinFast enters its next stage of growth”.
Pham Nhat Quan Anh holds a Bachelor’s degree in business management from Singapore Management University. Between 2017 and 2019, he worked within the hospitality sector as Deputy General Director and Deputy Chief Operating Officer of Vinpearl Joint Stock Company, focusing on operational management and corporate strategic planning.
TVS Motor Co Recognised For Shareholder Value Creation By WirtschaftsWoche And BCG
- By MT Bureau
- May 25, 2026
Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has achieved the first position globally in the 'Durable Consumer Goods' category of the annual 'Best Stocks in the World' ranking.
The study was published by German business weekly WirtschaftsWoche and was based on the Boston Consulting Group (BCG) Value Creators analysis.
The evaluation analysed more than 2,000 listed companies across 35 industries worldwide. Over the 5-year period from 2021 to 2025, TVS Motor Company recorded an average annual total shareholder return of approximately 51 percent.
This placed the company ahead of category peers from Japan, China, the United States and India. According to the data, the performance was driven by revenue growth contributing 22 percentage points and market valuation contributing 18 percentage points, along with profit margin improvements and debt reduction.
Professor Sir Ralf Speth, Chief Mentor, TVS Motor Company, said, “This recognition by WirtschaftsWoche and BCG is the result of the consistent implementation of Chairman Sudarshan Venu’s clear strategic vision. His passion for the company, deep understanding of markets and customers, openness to new technology, and attentiveness to the workforce create a values-based environment in which creativity and performance can flourish. Equally exemplary is the strong commitment to social responsibility. With this mindset - the ‘TVS Way’ - and under outstanding corporate leadership, the TVS team wins numerous international awards year after year, including accolades for environmental stewardship and exceptional product quality. TVS is synonymous with quality and a strong commitment to the environment, rooted in the skill of its people and built on manufacturing excellence. In symbiosis with this commitment, the company continues to advance energy-efficient solutions and strengthen its leadership in electric mobility. Under TVS Motor Company’s ownership, Norton’s global resurgence is now clear. This storied and deeply revered brand is once again delivering a compelling combination of technology, design integrity and dynamism. I am confident TVS Motor Company is strongly positioned for the future - delivering sustainable growth, strengthening global competitiveness and creating long-term shareholder value - recognition goes to the whole TVS team for their hard work and commitment."
In FY2026, TVS Motor Co reported annual sales of 5.89 million units, representing a 24 percent increase YoY. International business grew 33 percent across more than 90 markets. Revenue increased 30 percent YoY to INR 472 billion, operating profit before tax rose 40 percent to INR 49.75 billion and the operating EBITDA margin reached 12.9 percent.

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