The automotive wholesales numbers for September 2024 and Q2 FY2025 are out, seeing mixed results.

As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), the apex body representing automakers in India, for September 2024, the passenger vehicle segment sold 356,752 which was down 1 percent YoY compared to 361,717 units sold last year.

On the other hand, the three- and two-wheeler segments continued to power the overall sales with 79,683 units and 2,025,993 units, seeing 7 percent and 16 percent growth respectively. This translates to a total of 2,462,431 vehicles sold in September, up 13 percent, compared to 2,186,270 units sold last year.

Similarly, in Q2 FY2025, a total of 6,663,875 vehicles were sold, registering a 9 percent growth YoY, as compared to 6,116,773 units sold last year.

Of this, passenger vehicle sales declined by 2 percent at 1,055,137 units; commercial vehicles barring buses were all in the red. A total of 220,643 commercial vehicles were sold, registering a decline of 11 percent YoY, as compared to 247,801 units sold last year.

The three-wheeler and two-wheeler segments continued to be the bright spot with sales of 208,718 units (7% YoY) and 5,179,349 units (13% YoY) respectively.

Shailesh Chandra, President, SIAM said, “The overall Indian automobile industry remained strong in Q2 2024-25 with 8.9 percent growth compared to Q2 2023-24. Two- and Three-Wheelers continued to post strong growth of 12.6 percent and 6.6 percent respectively, while passenger vehicles and commercial vehicles posted some degrowth in Q2 of 2024-25 compared to 2023-24. Heavy rainfall in key states and almost the entire ‘Shradh’ period falling in the month of September, did impact the sales numbers of some of the segments. With the rains easing and continued infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate healthy demand in the next quarter.”

Rajesh Menon, Director General, SIAM said, “Although passenger vehicle segment de-grew by 1.8 percent in Q2 of 2024-25 as compared to Q2 of last year, for the 3rd time it crossed the 1 million mark in Q2, posting a sales of 1.06 million units. Two-wheelers posted sales of 5.18 million units in Q2 for FY 24-25 as compared 4.60 million units in Q2 of last year. Three-wheelers posted the highest ever sales of Q2 with 2.09 lakh units. Commercial vehicles posted a degrowth of 11 percent in Q2 of 2024-25 as compared to Q2 of last year, with sales of 2.21 lakh units.”

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Automotive technology firm Six Sense Mobility has opened its first manufacturing facility in Noida, Uttar Pradesh, following an investment of over INR 150 million. The launch coincides with the company's fourth anniversary and supports a target revenue of INR 5 billion backed by an INR 1.6 billion order book.

The company, supported by IIT Delhi and funded by Piper Serica and investor Ashish Kacholia, currently supplies automotive devices to markets in India and Europe. Six Sense Mobility plans to expand operations into North America and Southeast Asia, while tripling its workforce over the next two years by adding approximately 300 engineering and manufacturing positions.

The new 40,000-square-foot plant features integrated electronics manufacturing and assembly capabilities with an annual installed capacity exceeding one million units. The facility brings hardware development, firmware engineering, software integration and serial assembly under one roof to manufacture connected-vehicle electronics, vehicle-to-everything (V2X) communication devices, radar systems, and advanced driver assistance systems (ADAS).

Sumit Roy, Co-Founder 7 CEO, Six Sense Mobility, said, "Four years ago, we set out to build automotive electronics with full control over the hardware and software. This facility gives us the capacity to support larger customer programmes and take technologies like V2X from the lab into vehicles at scale. Designing and manufacturing them here in India is our contribution to Make in India and the journey toward Viksit Bharat".

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Electric propulsion technology startup Vimag Labs has commenced operations at its first manufacturing plant in Met City, Jhajjar, Haryana, and completed its initial export shipment of motor and control systems.

The opening marks the start of a phased manufacturing build-out across India, with the company planning to deploy approximately INR 500 million in capital as customer programs scale.

The 10,000-square-foot facility, which can expand to 20,000 square feet, manufactures motor and control systems, including Vimag's magnet-free motor technology. The plant features digitally connected production lines, automated assembly systems and testing infrastructure for mid-power systems.

The initial layout is structured to scale toward a monthly capacity of up to 10,000 motor and control units. Vimag plans to expand production into high-power systems of 570 kW and above as customer programs mature.

Manish Seth, Co-Founder & CEO, Vimag Labs, said, "The commencement of manufacturing marks an important transition for Vimag from technology development and validation into industrialisation and serial production. Jhajjar is the first step in a broader manufacturing build-out. We are currently planning around INR 500 million of investment, to be deployed in phases as customer programmes, traction and product requirements develop. The scale and timing of investment will evolve with demand as we build capacity and deepen our manufacturing base. The first production batch has already been exported from Jhajjar, demonstrating that the facility has moved into commercial manufacturing."

"Our initial focus is on scaling mid-power motor and control systems for commercial programmes. As customer programmes mature, we plan to extend manufacturing into high-power systems of 570 kW and above and deepen partnerships across India for manufacturing, supply chain, tooling and industrialisation. Our long-term goal is to build a globally competitive production base in India for domestic and international customers," added Seth.

Vimag Labs recently secured USD 5 million in Series A funding round led by Accel, with participation from Chakra Growth Fund and Thinkuvate. The company has executed a manufacturing agreement with Jendamark to support production scaling and acquired an exclusive United States technology licensing agreement for a bidirectional high-voltage inverter platform operating at up to 1,000 volts. The manufacturing expansion is projected to generate between 100 and 150 direct and indirect jobs across engineering, assembly, quality control, and supply chain operations.

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Auto component manufacturer JM Frictech India has invested around INR 500 million to establish its fourth manufacturing facility in Chandigarh. The investment expands the company's production footprint and logistics operations across Northern India.

The facility is being commissioned in phases, with initial operations dedicated to warehousing and distribution logistics.

Established in 2008 as a joint venture between NTC Engineering India and South Korea’s Jinmyung Frictech Company, the company produces approximately 12 million friction discs annually. The addition of the Chandigarh plant expands the company's manufacturing footprint to four facilities across India, supporting its strategy to localize components for agricultural and industrial off-highway equipment.

JM Frictech India plans to scale manufacturing activities at the site to achieve full operational capability within the next 6-8 months. The facility is structured to supply friction systems, wet brakes, wet clutches, hydraulic actuation systems, transmission aggregates and hydrostatic transmission components to original equipment manufacturers in the tractor, construction equipment and off-highway sectors.

E. Madhavan, Managing Director of JM Frictech India, said, "The investment in Chandigarh is an important part of our expansion strategy. It will strengthen our manufacturing presence in North India and enable us to be closer to our customers while creating capacity for future growth."

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Bengaluru-based electric mobility startup E3 Electric.Ai has commenced production of its electric scooter, the E3 Trion, at its manufacturing facility in Hyderabad. Customer deliveries are scheduled to begin in batches from 7 October 2026, coinciding with the company's second anniversary.

The E3 Trion is offered in three variants – C1, C1X and C2 – designed for individual, family and commercial users. The variants will be delivered in phased schedules across six colour options: Nova Blue, Teal Blue, Graphite Grey, Misty Green, Solar Red and Luna White.

The e-scooter completed a testing and validation programme comprising over 550 Design Validation Plan tests, including chassis dynamometer power evaluation, range validation and brake-pressure sensor testing. Accelerated durability assessments were conducted on a Cam Drum Test Rig with a 205 kg payload, alongside water-wading tests at depths between 100 mm and 300 mm, rainstorm exposure and a 260-km mixed-terrain road test between Bengaluru and Hogenakkal.

Sanjeev P, Founder and CEO, E3 Electric.Ai, said, "This is a significant moment for everyone at E3, where engineering, testing and validation translate into a product that is ready to reach our customers. Our philosophy has been simple: build an intelligent, robust, electric scooter engineered for the real world. The rigorous validation programme, particularly our focus on durability across challenging conditions, has been central to that. With production now underway and deliveries beginning in batches from October 7, which also marks our second anniversary, we are proud to take the E3 Trion from the test track to the road and begin this journey with our first 100 customers."

The initial 100 buyers will receive an extended warranty covering the battery and primary components for eight years or 100,000 kilometres, along with one year of roadside assistance. The coverage package applies to the 2.3 kWh battery configuration on the C1 variant and the 3 kWh battery setup on the C1X and C2 variants.

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