FX.co ★ India Passenger Car Sales Jump 29% in December

In December 2025, India's total passenger vehicle sales saw a robust 29% year-on-year increase, reaching 349,170 units, as reported by the Society of Indian Automobile Manufacturers (SIAM). This growth followed an 18.1% rise recorded in November. It's important to note that these numbers do not include sales from luxury automakers such as BMW, Mercedes-Benz, Jaguar Land Rover (JLR), and Volvo. The surge was fueled by festive demand alongside recent cuts in both the GST and repo rates. Looking forward, the industry remains optimistic about maintaining this positive trajectory well into 2026, bolstered by stable macroeconomic conditions, improved affordability, and sustained policy support. Shailesh Chandra, President of SIAM, emphasized the need to stay vigilant regarding geopolitical developments to protect the supply chain and export volumes. However, it is worth noting that on a month-to-month basis, passenger vehicle sales experienced a slight decrease of 1.6%, following an 11.2% decline in November.