New Delhi: The Federation of Automobile Dealers Associations (FADA) has released its vehicle retail data for August 2025, and the numbers tell a story that’s part festive cheer, part monsoon gloom, and part “wait till GST 2.0 kicks in.”
Despite high enquiries and robust bookings across showrooms, customers across Bharat chose to keep their cheque books dry — preferring to align purchases with the much-awaited GST 2.0 reforms rolling out on 22nd September. Think of it as buyers RSVPing to the party, but deciding to show up fashionably late.
Retail Performance: A Mixed Bag of Wheels and Deals
- Overall Retail: +2.84% YoY | +0.02% MoM
- Two-Wheelers: +2.18% YoY | +1.34% MoM (Scooters dodged potholes better than buyers dodged rain puddles)
- Three-Wheelers: –2.26% YoY | -7.47% MoM (Still waiting for a lift)
- Passenger Vehicles (PV): +0.93% YoY | -1.63% MoM (Inventories hovering at ~56 days)
- Commercial Vehicles (CV): +8.55% YoY | –1.11% MoM (e-commerce trucks did the heavy lifting)
- Tractors (Trac): +30.14% YoY | –3.95% MoM (Farmers proving again they’re India’s true horsepower kings)
- Construction Equipment (CE): –26.45% YoY | –5.56% MoM (Sites flooded, sales too)
Policy Spotlight: GST 2.0 — The Real Showstopper
“GST 2.0 marks a historic, people-first reset — courage, consensus, and clarity in taxation,” said FADA President, C. S. Vigneshwar, adding a touch of political poetry to dealership data.
The reform, simplifying slabs to 5%, 18%, and 40%, is expected to lower household costs, strengthen demand, and make industries more competitive. In other words, the nation’s biggest festival this year isn’t Diwali — it’s 22nd September.
Segment Watch: What’s Driving, What’s Parking
- 2W: Festive enquiries surged during Onam and Ganesh Chaturthi, but rains and GST deferments kept dealers handing out more tea than invoices.
- PV: Bookings were healthy, but heavy rains, inventory pile-ups, and GST wait-and-watch made showrooms look more like waiting lounges.
- CV: Strong YoY growth thanks to e-commerce and fleet replacements, but GST whispers slowed the last lap.
- Trac: Monsoon rains and rural liquidity turned tractor dealerships into mini-stock exchanges, with 30% YoY growth.
- CE: A casualty of weather and wallet, this segment went deep into the red.
The Road Ahead: September, the Big Fat Indian Auto Wedding
With GDP forecasted at 6.3–6.8%, CPI inflation at a multi-year low of 1.55%, and monsoon showers +8% above normal, macros look festive.
But FADA warns September will be a “two-phase month”:
- Early September: muted by Shraddh and GST wait-and-watch.
- Late September: expect firecrackers, Navratri dhols, and mass deliveries of freshly GST-discounted cars.
OEMs are already sweetening the deal with schemes aligned to future GST cuts — letting customers book early, and take delivery on the exact auspicious minute their astrologer approves.
Sentiment Check: Optimism with a Side of Patience
- Liquidity: Neutral (41.3%), Good (33%), Bad (26%)
- Dealer Sentiment: Neutral (42.4%), Good (38.4%), Bad (19.2%)
- Expectations September 2025: Growth (62.8%), Flat (22.8%), De-growth (9.4%)
- Next 3 Months: Growth (77.9%) — yes, dealers are betting on the festive season like cricket fans on Virat Kohli’s cover drive.
Bottom line: August 2025 was the trailer. September promises the blockbuster. If the rains don’t flood the party and GST 2.0 delivers the popcorn, India’s auto industry may just cruise into its biggest festive quarter yet.
All India Vehicle Retail Data for YTD FY’26 (Apr’25 to Aug’25)
| CATEGORY | YTD FY’26 | YTD FY’25 | Growth % |
| 2W | 75,42,020 | 73,64,622 | 2.41% |
| 3W | 5,19,358 | 4,88,734 | 6.27% |
| CV | 3,87,890 | 3,78,705 | 2.43% |
| CE | 28,325 | 29,280 | -3.26% |
| PV | 16,40,760 | 15,98,524 | 2.64% |
| TRAC | 3,84,253 | 3,43,146 | 11.98% |
| Total | 1,05,02,606 | 1,02,03,011 | 2.94% |
All India Vehicle Retail Data for Aug’25
| CATEGORY | Aug’25 | July’25 | Aug’24 | MoM% | YoY% |
| 2W | 13,73,675 | 13,55,504 | 13,44,380 | 1.34% | 2.18% |
| 3W | 1,03,105 | 1,11,426 | 1,05,493 | -7.47% | -2.26% |
| E-RICKSHAW(P) | 36,969 | 39,798 | 44,346 | -7.11% | -16.64% |
| E-RICKSHAW WITH CART (G) | 6,213 | 6,813 | 4,396 | -8.81% | 41.33% |
| THREE-WHEELER (GOODS) | 9,697 | 9,862 | 8,651 | -1.67% | 12.09% |
| THREE-WHEELER (PASSENGER) | 50,100 | 54,861 | 48,012 | -8.68% | 4.35% |
| THREE-WHEELER (PERSONAL) | 126 | 92 | 88 | 36.96% | 43.18% |
| PV | 3,23,256 | 3,28,613 | 3,20,291 | -1.63% | 0.93% |
| TRAC | 85,215 | 88,722 | 65,477 | -3.95% | 30.14% |
| CE | 3,704 | 3,509 | 5,036 | 5.56% | -26.45% |
| CV | 75,592 | 76,439 | 69,635 | -1.11% | 8.55% |
| LCV | 46,156 | 45,808 | 42,672 | 0.76% | 8.16% |
| MCV | 6,970 | 7,414 | 5,742 | -5.99% | 21.39% |
| HCV | 22,412 | 23,154 | 21,159 | -3.20% | 5.92% |
| Others | 54 | 63 | 62 | -14.29% | -12.90% |
| Total | 19,64,547 | 19,64,213 | 19,10,312 | 0.02% | 2.84% |
Source: FADA Research
Chart showing Fuel Wise Vehicle Retail Market Share for Aug’25
| Two-Wheeler | Aug’25 | July’25 | Aug’24 | Commercial Vehicle | Aug’25 | July’25 | Aug’24 | |
| PETROL/ETHANOL | 92.15% | 92.12% | 93.07% | Diesel | 81.12% | 81.46% | 82.27% | |
| EV | 7.60% | 7.60% | 6.63% | CNG/LPG | 12.52% | 12.26% | 11.19% | |
| CNG/LPG | 0.25% | 0.28% | 0.31% | PETROL/ETHANOL | 4.26% | 4.59% | 5.54% | |
| Total | 100% | 100% | 100% | EV | 2.05% | 1.63% | 0.96% | |
| HYBRID | 0.04% | 0.06% | 0.04% | |||||
| Total | 100% | 100% | 100% | |||||
| Three-Wheeler | Aug’25 | July’25 | Aug’24 | Construction Equipment | Aug’25 | July’25 | Aug’24 | |
| EV | 61.57% | 62.06% | 57.59% | Diesel | 99% | 98.86% | 99.92% | |
| CNG/LPG | 26.99% | 26.78% | 31.50% | CNG/LPG | 0.0% | 0.00% | 0.02% | |
| DIESEL | 11.15% | 10.78% | 10.06% | PETROL/ETHANOL | 0.1% | 0.00% | 0.02% | |
| PETROL/ETHANOL | 0.29% | 0.38% | 0.85% | EV | 0.5% | 1.11% | 0.02% | |
| Total | 100% | 100% | 100% | Total | 100% | 100% | 100% | |
| Passenger Vehicle | Aug’25 | July’25 | Aug’24 | Tractor | Aug’25 | July’25 | Aug’24 | |
| PETROL/ETHANOL | 46.89% | 48.11% | 51.04% | Diesel | 99.99% | 99.99% | 99.98% | |
| Diesel | 18.13% | 17.75% | 18.95% | EV | 0.01% | 0.00% | 0.00% | |
| CNG/LPG | 21.47% | 21.33% | 18.72% | Total | 100% | 100% | 100% | |
| HYBRID | 8.13% | 8.08% | 9.17% | |||||
| EV | 5.38% | 4.73% | 2.12% | |||||
| Total | 100% | 100% | 100% |
Source: FADA Research
All India Vehicle Retail Strength YoY and MOM comparison for Aug’25.
| Category | MoM% | YoY% | Category | MoM% | YoY% |
| 2W | CV | ||||
| Urban | 2.46% | 8.16% | Urban | -2.07% | 11.61% |
| Rural | 0.39% | -2.51% | Rural | -0.03% | 5.38% |
| Total | 1.34% | 2.18% | Total | -1.11% | 8.55% |
| 3W | CE | ||||
| Urban | -6.88% | 0.43% | Urban | -0.90% | -22.08% |
| Rural | -7.96% | -4.44% | Rural | 11.40% | -29.63% |
| Total | -7.47% | -2.26% | Total | 5.56% | -26.45% |
| PV | TRAC | ||||
| Urban | -1.69% | 0.60% | Urban | -3.78% | 39.39% |
| Rural | -1.53% | 1.46% | Rural | -3.99% | 28.13% |
| Total | -1.63% | 0.93% | Total | -3.95% | 30.14% |
| Total | |||||
| Urban | 0.74% | 6.53% | |||
| Rural | -0.64% | -0.35% | |||
| Total | 0.02% | 2.84% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 03.09.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,391 out of 1,451 RTOs.
- Commercial Vehicle is subdivided in the following manner
- LCV – Light Commercial Vehicle (incl. Passenger & Goods Vehicle)
- MCV – Medium Commercial Vehicle (incl. Passenger & Goods Vehicle)
- HCV – Heavy Commercial Vehicle (incl. Passenger & Goods Vehicle)
- Others – Construction Equipment Vehicles and others
- 3-Wheeler is sub-divided in the following manner
- E-Rickshaw – Passenger
- E-Rickshaw – Goods
- 3-Wheeler – Goods
- 3-Wheeler – Passenger
- 3-Wheeler – Personal
OEM wise Market Share Data for Aug’25 (YoY comparison)
| Two-Wheeler OEM | Aug’25 | Market Share (%) Aug’25 | Aug’24 | Market Share (%) Aug’24 |
| HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD | 3,54,531 | 25.81% | 3,53,917 | 26.33% |
| HERO MOTOCORP LTD | 3,41,865 | 24.89% | 3,59,268 | 26.72% |
| TVS MOTOR COMPANY LTD | 2,71,522 | 19.77% | 2,37,418 | 17.66% |
| BAJAJ AUTO LTD | 1,29,138 | 9.40% | 1,49,552 | 11.12% |
| SUZUKI MOTORCYCLE INDIA PVT LTD | 90,800 | 6.61% | 79,857 | 5.94% |
| ROYAL-ENFIELD (UNIT OF EICHER LTD) | 71,630 | 5.21% | 56,318 | 4.19% |
| INDIA YAMAHA MOTOR PVT LTD | 53,504 | 3.89% | 52,214 | 3.88% |
| OLA ELECTRIC TECHNOLOGIES PVT LTD | 18,972 | 1.38% | 27,623 | 2.05% |
| ATHER ENERGY LTD | 17,871 | 1.30% | 11,046 | 0.82% |
| GREAVES ELECTRIC MOBILITY PVT LTD | 4,498 | 0.33% | 2,824 | 0.21% |
| PIAGGIO VEHICLES PVT LTD | 2,634 | 0.19% | 2,780 | 0.21% |
| CLASSIC LEGENDS PVT LTD | 2,406 | 0.18% | 2,122 | 0.16% |
| PUR ENERGY PVT LTD | 1,779 | 0.13% | 291 | 0.02% |
| BGAUSS AUTO PRIVATE LIMITED | 1,720 | 0.13% | 1,111 | 0.08% |
| RIVER MOBILITY PVT LTD | 1,657 | 0.12% | 280 | 0.02% |
| KINETIC GREEN ENERGY & POWER SOLUTIONS LTD | 1,513 | 0.11% | 388 | 0.03% |
| Others Including EV | 7,635 | 0.56% | 7,371 | 0.55% |
| Total | 13,73,675 | 100% | 13,44,380 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 03.09.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,391 out of 1,451 RTOs.
- Others include OEMs accounting less than 0.1% Market Share.
| Three-Wheeler OEM | Aug’25 | Market Share (%) Aug’25 | Aug’24 | Market Share (%) Aug’24 |
| BAJAJ AUTO LTD | 35,159 | 34.10% | 37,763 | 35.80% |
| MAHINDRA & MAHINDRA LIMITED | 9,360 | 9.08% | 5,742 | 5.44% |
| MAHINDRA LAST MILE MOBILITY LTD | 9,343 | 9.06% | 5,671 | 5.38% |
| MAHINDRA & MAHINDRA LIMITED | 17 | 0.02% | 71 | 0.07% |
| PIAGGIO VEHICLES PVT LTD | 6,725 | 6.52% | 7,385 | 7.00% |
| TVS MOTOR COMPANY LTD | 4,384 | 4.25% | 2,246 | 2.13% |
| YC ELECTRIC VEHICLE | 3,424 | 3.32% | 3,793 | 3.60% |
| SAERA ELECTRIC AUTO PVT LTD | 2,172 | 2.11% | 2,807 | 2.66% |
| ATUL AUTO LTD | 2,107 | 2.04% | 2,102 | 1.99% |
| DILLI ELECTRIC AUTO PVT LTD | 1,816 | 1.76% | 2,207 | 2.09% |
| MINI METRO EV L.L.P | 1,151 | 1.12% | 1,338 | 1.27% |
| ENERGY ELECTRIC VEHICLES | 1,080 | 1.05% | 1,307 | 1.24% |
| Others including EV | 35,727 | 34.65% | 38,803 | 36.78% |
| Total | 1,03,105 | 100% | 1,05,493 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 03.09.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,391 out of 1,451 RTOs.
- Others include OEMs accounting less than 1% Market Share.
| Commercial Vehicle OEM | Aug’25 | Market Share (%) Aug’25 | Aug’24 | Market Share (%) Aug’24 |
| TATA MOTORS LTD | 24,271 | 32.11% | 24,928 | 35.80% |
| MAHINDRA & MAHINDRA LIMITED | 21,431 | 28.35% | 18,460 | 26.51% |
| MAHINDRA & MAHINDRA LIMITED | 19,830 | 26.23% | 16,899 | 24.27% |
| MAHINDRA LAST MILE MOBILITY LTD | 1,601 | 2.12% | 1,561 | 2.24% |
| ASHOK LEYLAND LTD | 14,305 | 18.92% | 12,071 | 17.33% |
| ASHOK LEYLAND LTD | 14,032 | 18.56% | 12,038 | 17.29% |
| SWITCH MOBILITY AUTOMOTIVE LTD | 273 | 0.36% | 33 | 0.05% |
| VE COMMERCIAL VEHICLES LTD | 6,602 | 8.73% | 6,296 | 9.04% |
| VE COMMERCIAL VEHICLES LTD | 6,555 | 8.67% | 6,227 | 8.94% |
| VE COMMERCIAL VEHICLES LTD (VOLVO BUSES DIVISION) | 47 | 0.06% | 69 | 0.10% |
| MARUTI SUZUKI INDIA LTD | 3,790 | 5.01% | 3,452 | 4.96% |
| FORCE MOTORS LIMITED | 1,765 | 2.33% | 1,424 | 2.04% |
| DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD | 1,458 | 1.93% | 1,494 | 2.15% |
| SML ISUZU LTD | 1,177 | 1.56% | 1,018 | 1.46% |
| Others | 793 | 1.05% | 492 | 0.71% |
| Total | 75,592 | 108.73% | 69,635 | 109.04% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 03.09.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,391 out of 1,451 RTOs.
- Others include OEMs accounting less than 1% Market Share.
| Construction Equipment OEM | Aug’25 | Market Share (%) Aug’25 | Aug’24 | Market Share (%) Aug’24 |
| JCB INDIA LIMITED | 2,013 | 54.35% | 2,403 | 47.72% |
| ACTION CONSTRUCTION EQUIPMENT LTD. | 382 | 10.31% | 693 | 13.76% |
| ESCORTS KUBOTA LIMITED (CONSTRUCTION EQUIPMENT) | 236 | 6.37% | 348 | 6.91% |
| AJAX ENGINEERING LTD | 208 | 5.62% | 287 | 5.70% |
| ALL TERRAIN CRANE | 107 | 2.89% | 77 | 1.53% |
| CATERPILLAR INDIA PRIVATE LIMITED | 98 | 2.65% | 127 | 2.52% |
| TATA MOTORS LTD | 94 | 2.54% | 122 | 2.42% |
| BULL MACHINES PVT LTD | 84 | 2.27% | 91 | 1.81% |
| M/S SCHWING STETTER (INDIA) PRIVATE LIMITED | 74 | 2.00% | 85 | 1.69% |
| CASE NEW HOLLAND CONSTRUCTION EQUIPMENT(I) PVT LTD | 50 | 1.35% | 96 | 1.91% |
| Others | 358 | 9.67% | 707 | 14.04% |
| Total | 3,704 | 100.00% | 5,036 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 03.09.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,391 out of 1,451 RTOs.
- Others include OEMs accounting less than 1% Market Share.
| PV OEM | Aug’25 | Market Share (%) Aug’25 | Aug’24 | Market Share (%) Aug’24 |
| MARUTI SUZUKI INDIA LTD | 1,27,905 | 39.57% | 1,27,119 | 39.69% |
| MAHINDRA & MAHINDRA LIMITED | 43,632 | 13.50% | 40,569 | 12.67% |
| HYUNDAI MOTOR INDIA LTD | 42,226 | 13.06% | 43,438 | 13.56% |
| TATA MOTORS LTD | 38,286 | 11.84% | 39,864 | 12.45% |
| TOYOTA KIRLOSKAR MOTOR PVT LTD | 24,954 | 7.72% | 23,582 | 7.36% |
| KIA INDIA PRIVATE LIMITED | 18,212 | 5.63% | 19,304 | 6.03% |
| SKODA AUTO VOLKSWAGEN GROUP | 8,111 | 2.51% | 6,280 | 1.96% |
| SKODA AUTO VOLKSWAGEN INDIA PVT LTD | 8,038 | 2.49% | 6,256 | 1.95% |
| VOLKSWAGEN AG/INDIA PVT. LTD. | 52 | 0.02% | – | 0.00% |
| AUDI AG | 21 | 0.01% | 23 | 0.01% |
| SKODA AUTO INDIA/AS PVT LTD | – | 0.00% | 1 | 0.00% |
| JSW MG MOTOR INDIA PVT LTD | 5,717 | 1.77% | 4,117 | 1.29% |
| HONDA CARS INDIA LTD | 4,041 | 1.25% | 4,964 | 1.55% |
| RENAULT INDIA PVT LTD | 2,593 | 0.80% | 3,029 | 0.95% |
| NISSAN MOTOR INDIA PVT LTD | 1,440 | 0.45% | 2,011 | 0.63% |
| MERCEDES -BENZ GROUP | 1,305 | 0.40% | 1,327 | 0.41% |
| MERCEDES-BENZ INDIA PVT LTD | 1,172 | 0.36% | 1,235 | 0.39% |
| MERCEDES -BENZ AG | 87 | 0.03% | 88 | 0.03% |
| DAIMLER AG | 46 | 0.01% | 4 | 0.00% |
| BMW INDIA PVT LTD | 1,273 | 0.39% | 1,018 | 0.32% |
| FORCE MOTORS LIMITED | 680 | 0.21% | 747 | 0.23% |
| BYD INDIA PRIVATE LIMITED | 450 | 0.14% | 227 | 0.07% |
| JAGUAR LAND ROVER INDIA LIMITED | 442 | 0.14% | 517 | 0.16% |
| PCA AUTOMOBILES INDIA PVT LTD | 409 | 0.13% | 411 | 0.13% |
| Others | 1,580 | 0.49% | 1,767 | 0.55% |
| Total | 3,23,256 | 100% | 3,20,291 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 03.09.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,391 out of 1,451 RTOs.
| Tractor OEM | Aug’25 | Market Share (%) Aug’25 | Aug’24 | Market Share (%) Aug’24 |
| MAHINDRA & MAHINDRA LIMITED (TRACTOR) | 20,156 | 23.65% | 16,187 | 24.72% |
| MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION) | 15,418 | 18.09% | 12,225 | 18.67% |
| TAFE LIMITED | 11,028 | 12.94% | 7,117 | 10.87% |
| INTERNATIONAL TRACTORS LIMITED | 10,410 | 12.22% | 8,501 | 12.98% |
| ESCORTS KUBOTA LIMITED (AGRI MACHINERY GROUP) | 8,662 | 10.16% | 5,866 | 8.96% |
| JOHN DEERE INDIA PVT LTD (TRACTOR DEVISION) | 5,987 | 7.03% | 5,295 | 8.09% |
| EICHER TRACTORS | 5,958 | 6.99% | 4,185 | 6.39% |
| CNH INDUSTRIAL (INDIA) PVT LTD | 3,900 | 4.58% | 2,554 | 3.90% |
| Others | 3,696 | 4.34% | 3,547 | 5.42% |
| Total | 85,215 | 100% | 65,477 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 03.09.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,391 out of 1,451 RTOs.
- Others include OEMs accounting less than 1% Market Share.
