The automotive retail sales in India is back in the green, and for October 2024, the convergence of Navratri and Diwali has helped register robust growth across segments.

According to the latest data released by the Federation of Automobile Dealers Association (FADA), a total of 2.8 million vehicles were registered last month, up 32.14 percent YoY, compared to 2.14 million vehicles sold last year.

This included 2 million two-wheelers (+36.34 percent YoY); 122,846 three-wheelers (+11.45 percent YoY); 483,159 passenger vehicles (+32.38 percent YoY); 64,433 tractors (+3.08 percent YoY) and 97,411 commercial vehicles (+6.37 percent YoY).

C S Vigneshwar, President, FADA stated that festivities traditionally account for 30–35 percent of total annual auto sales. The industry was keenly observing how October would unfold.

He said, “With dealers entering this crucial period fully committed and carrying all-time high inventory levels, the month did not disappoint!”

FADA shared that the rural market once again played a leading role in driving growth, particularly in the two-wheeler and passenger vehicle segments. Additionally, the Government of India's announcement of an increase in the Minimum Support Price (MSP) for Rabi crops further boosted market sentiments.

The two-wheeler sales were driven by festive schemes, discounts along with new model launches that drove consumer interest. The dealers were able to support the demand on the back of better stock availability and suppliers from OEMs.

In the passenger vehicle segment too, aggressive offers, attractive schemes and new model introductions further stimulated demand.

“Enhanced vehicle availability and strong market interest, especially for SUVs and new products, also contributed to the exceptional sales. However, despite strong sales, PV OEMs continue to heavily stock dealers, resulting in inventory levels decreasing by only five days, with overall inventory still at a high of 75–80 days. This may thus lead the season of substantial discounts to continue until the end of the calendar year,” cautioned Vigneshwar.

The commercial vehicle segment growth was driven by various factors such as supportive agricultural markets and bulk purchases, particularly for container movements.

FADA states that however dealers faced challenges such as slow demand, sluggish construction activities, financial issues among customers and increased vehicle prices leading to higher EMIs.

“Overall, while there were areas of growth, the CV market faced headwinds that tempered its overall performance,” he shared.

Great Indian wedding

While the automotive industry has been seeing a mixed results in terms of retail demand, the expectation for the rest of the calendar year remains positive. An estimated 4.8 million weddings are scheduled across the country in November and December 2024. This is expected to bring an ‘unprecedented surge’ in demand for wedding-related goods and services.

For the automotive industry this could further amplify demand for two-wheelers and passenger vehicles. In the CV segment, while supportive agricultural markets and continued bulk purchases may contribute positively, dealers remain vigilant due to factors like sluggish construction activities, financial constraints among customers and an anticipated decrease in demand post-festivities.

But on the other hand, for the passenger vehicle segment, there are apprehensions about potential slowdowns caused by customers postponing purchases in anticipation of better year-end discounts. FADA also urges, PV OEMs to further rationalise supply.

The auto retail body states that while the industry is optimistic about near-term growth driven by the wedding season and favourable market conditions, dealers are mindful of potential challenges that could affect sales momentum as the year concludes.

‘The mixed sentiments reflected in the survey highlight the need for strategic planning and cautious optimism as the auto sector navigates the remaining months of the year,’ the note concluded.

Representational image courtesy: TomFlick/Pexels

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Italian supercar manufacturer Automobili Lamborghini has recorded the highest revenue in its history for the 2025 fiscal year, reaching EUR 3.20 billion, which marks a 3.3 percent increase over the previous year and marks the second consecutive year the company has exceeded the EUR 3 billion threshold.

The company reported an operating income of EUR 768 million with a profitability rate of 24 percent. These figures were achieved despite a volatile macroeconomic environment and specific exogenous pressures.

Key Financial Impacts:

• Currency and Trade: Negative exchange rate fluctuations and the introduction of US tariffs influenced the operating result.
• Strategic Investment: Costs associated with the Direzione Cor Tauri electrification strategy were fully accounted for during the financial year.
• Mitigation: The impact of these factors was moderated through a refined product mix and cost control measures.

In 2025, Lamborghini delivered 10,747 cars, surpassing the 10,000-unit mark for the third year in a row. A significant driver of value was the Ad Personam personalisation programme, with 94 percent of all vehicles delivered featuring at least one bespoke element.

The Revuelto and the newly launched Temerario, which began customer deliveries in early 2026 – form the core of the brand's hybridisation strategy. The Temerario features a powertrain capable of 10,000 rpm, a first for a production engine from the manufacturer.

The current range, including the Revuelto, Urus SE and Temerario, is now fully hybridised. Lamborghini has also confirmed plans for a fourth hybrid model as part of its long-term industrial vision, which remains focused on sustainable growth alongside the eventual development of a fully electric vehicle.

For 2026, the company intends to unveil further product developments at international events, including the Goodwood Festival of Speed and Monterey Car Week.

Stephan Winkelmann, Chairman and CEO, Automobili Lamborghini, said, “2025 shows that the strength of Automobili Lamborghini lies not only in numbers, but in our ability to manage complexity. In a challenging global context, we continued to grow, protecting profitability and further strengthening brand value. Our strategy is clear: discipline, long-term vision and product centrality. This balance allows us to turn external challenges into opportunities for consolidation and to continue creating sustainable value.”

Paolo Poma, Managing Director and CFO, Automobili Lamborghini, said, “External factors and the volatility of the broader macroeconomic environment made 2025 a particularly challenging year. In this context, we have closed a positive financial and business 12 months, safeguarding our level of profitability, which positions us among the most profitable players in the global luxury sector. The results achieved confirm our objective of sustainable growth while preserving profitability.”

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German luxury brand BMW Group India has introduced the MINI Cooper S Victory Edition at INR 5.75 million. The special edition model made its debut at the Sanghi Classic dealership in Jaipur. It is available as a Completely Built-Up (CBU) unit, with bookings open at all authorised dealerships and deliveries commencing immediately.

The Victory Edition serves as a tribute to the 1965 Monte Carlo Rally, where the Mini Cooper S, driven by Timo Mäkinen and Paul Easter, secured a win. The new edition incorporates bespoke styling elements intended to reflect this motorsport heritage while utilising modern vehicle technology and craftsmanship.

Hardeep Singh Brar, President and CEO, BMW Group India, stated, “The new MINI Cooper S Victory Edition is a bold tribute to the legendary 1965 Monte Carlo Rally win, bringing a historic racing soul to modern Indian roads. This limited-run masterpiece captures the aesthetic essence of MINI's competitive DNA, meticulously crafted for those who demand a drive that looks as iconic as it feels. We are thrilled to offer Indian enthusiasts a unique opportunity to own a piece of motorsport history, reimagined with bespoke styling that honors our championship heritage. This special edition is a visual celebration of our past and a testament to the timeless spirit of performance that defines the MINI brand today.”

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German luxury automotive brand Audi Group has concluded the 2025 fiscal year with a revenue of EUR 65.5 billion, an increase from EUR 64.5 billion in 2024. The company reported an operating profit of EUR 3.4 billion and a net cash flow of EUR 3.4 billion, despite facing geopolitical challenges and industrial competition.

The group's operating margin for 2025 stood at 5.1 percent, down from 6.0 percent the previous year. Financial results were impacted by EUR 1.2 billion in US tariffs and additional expenses related to CO2 compliance provisions. The rescheduling of a shared electric platform for the D-segment also affected the margin.

Brand Group Performance (Deliveries):

• Audi: 1,623,551 cars (down from 1,671,218 in 2024).
• Lamborghini: 10,747 vehicles (up from 10,687).
• Bentley: 10,131 cars (down from 10,643).
• Ducati: 50,895 motorcycles (down from 54,495).

Profit after tax increased to EUR 4.6 billion, supported by a financial result of EUR 2.2 billion, which included EUR 504 million from operations in China.

Audi reported a 36 percent increase in fully electric vehicle (BEV) deliveries, totalling 223,032 units. The Audi Q6 e-tron and Audi A6 e-tron accounted for approximately 84,000 and 37,000 units respectively.

In China, the company launched the AUDI E5 Sportback under its new China-exclusive sister brand, AUDI. For 2026, the company plans to introduce the Audi A2 e-tron as an entry-level electric model and the Audi Q9 as a flagship SUV.

For fiscal 2026 the Audi Group has announced that it aims to increase its revenue upto EUR 68 billion, attain operating margin of 6-8 percent and net cash flow of EUR 3 billion to EUR 4 billion.

The 2026 season also marks Audi's debut in Formula 1 with the Audi Revolut F1 Team, following the season opener in Australia on 8 March 2026.

Gernot Dollner, CEO, Audi, said, “Geopolitical uncertainties and global competitive pressure kept the automotive industry on its toes again last year. In times like these, Audi has the right answers and takes bold decisions. In 2025, we introduced the first model from AUDI, our China-exclusive sister brand, and previewed a rigorously clean new design. We will continue to push our renewal forward in 2026, launching key new models, focusing on strong partnerships, and entering Formula 1 for the first time. In this way, we’ll accelerate our push in global competition.”

Jurgen Rittersberger, CFO, Audi, said, “Audi delivered a resilient performance under difficult conditions in 2025. The US tariffs in particular had a significant impact on us. Our results are bolstered by the robust development of delivery figures at the end of the year, the high level of cost discipline, and the consistent implementation of the performance program. At the same time, the pressure on margins and efficiency remains high. This year, we will again pursue our long-term financial goals with full commitment. The key is to seize all operational and financial opportunities to make Audi more efficient, competitive, and profitable. Lasting success demands time, discipline and resilience.”

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Kia India has introduced the Model Year 2026 (MY26) edition of the Carens Clavis EV, its first electric vehicle manufactured in India. The update adds a six-seater configuration featuring second-row captain seats and expands the range with GT-Line and X-Line trims for the Extended Range variant.

The Carens Clavis EV continues to be offered with two battery options, both supported by a motor delivering 255 Nm of torque:

• 51.4 kWh Battery: ARAI-certified range of 490 km (MIDC Full).
• 42 kWh Battery: ARAI-certified range of 404 km (MIDC Full).

The vehicle supports fast charging, capable of reaching 10 percent to 80 percent capacity in 39 minutes. Kia’s K-Charge platform provides owners access to over 15,000 charging points nationwide, with more than 100 dealerships equipped with DC fast chargers.

The new GT-Line (GTX and GTX+) trims feature sportier styling, including lime brake callipers, metal pedals and a new alloy wheel design. The X-Line variant introduces a rugged aesthetic with an exclusive Dark Gun Metal exterior colour.

The interior update focuses on passenger space, offering the six-seater layout across select trims, including HTX, GTX and X-Line. Top spec models now come with a dual-pane panoramic sunroof, a 26.62 cm dual panoramic display and digital key technology.

The MY26 model includes 18 safety features as standard, including six airbags, Electronic Stability Control (ESC) and Hill Start Assist Control (HAC). The vehicle also incorporates over 85 connected car features and battery heater technology for thermal management.

Atul Sood, Senior Vice-President, Sales & Marketing, Kia India, said, “The Carens Clavis EV was developed to make electric mobility practical and relevant for everyday use. As more customers transition to EVs, their expectations are evolving beyond technology to include greater comfort, flexible seating and distinctive design. The MY26 reflects this feedback with new trims and a 6-seater configuration that enhances comfort and versatility while retaining the practicality Indian customers value.”

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