New Delhi: It’s official — Bharat’s wheels are spinning faster than ever! The Federation of Automobile Dealers Associations (FADA) has released its October 2025 and 42-day festive period data, and the results are nothing short of showroom fireworks. Powered by the trifecta of GST 2.0 reforms, festive cheer, and rural revival, India’s auto retail has zoomed into record territory — and how.
🚀 October 2025: When the Nation Downshifted from “Muted” to “Massive”
After a sleepy September that moved slower than Delhi traffic on a Monday, October arrived with the force of a turbocharged engine. The numbers? Jaw-dropping.
- Overall Retail: ⬆️ 40.5% YoY (All-time high!)
- Two-Wheelers: 31.5 lakh units (+51.7%) — the ultimate “Scooterwali Dussehra” moment.
- Passenger Vehicles: 5.57 lakh units (+11.35%) — record retail, record smiles.
- Commercial Vehicles: +17.7% — infrastructure is clearly the new influencer.
- Tractors: +14.2% — sowing seeds of rural prosperity.
- Construction Equipment: –30.5% — taking a much-needed pit stop.
FADA President Mr. C. S. Vigneshwar likened the October turnaround to “a hurdle race where policy reform handed the baton to festive demand, and both sprinted past expectations.”
🌾 Bharat Takes the Wheel
If there was a surprise champion this season, it wasn’t a city SUV — it was rural India.
Strong monsoons, good harvests, and GST 2.0’s affordability boost turned Gaon Bharat into “Gone Buying” Bharat.
- Rural PV growth was 3x that of urban regions.
- Rural 2W growth was 2x the city pace.
From scooters to SUVs, it seems Bharat decided, “Why should metros have all the mileage?”
🪔 42 Days of Festive Fireworks: Dussehra + Diwali + GST 2.0 = Dream Run
The 42-day festive period (Dussehra to Diwali) wasn’t just good — it was historic.
- Overall Retail: +21% YoY — highest ever festive performance.
- PV: +23% | 2W: +22% | CV: +15% | Trac: +14% | 3W: +9%
- CE: –24% (the only one missing the party snacks).
FADA described it as a “Viksit Bharat moment” — a rare alignment of reform, rural energy, and religious fervour.
As one dealer in Kanpur put it, “Even the Gods booked before the 14th of November — just to beat the GST discount deadline.”
💬 Dealer Diaries: From Footfalls to Full Tanks
The festive footfalls turned showrooms into mini-melas. Dealers reported record enquiries, better conversions, and inventory correction of 5–7 days — the kind of numbers that make even economists smile.
- Liquidity sentiment: 74% say it’s Good
- Dealer mood: 75% Happy, 22% Hopeful, 3% Hoping for better coffee
🧭 Outlook: A Smooth Road to 2026
With GST 2.0 anchoring the “Simpler Tax, Stronger Growth” vision, and the wedding season ready to fuel more first-time buyers, the near-term mood is accelerated optimism.
- 64% dealers expect November growth.
- 70% expect a solid run through Jan 2026.
- 5% think customers might wait for year-end discounts (classic India).
Add to that harvest incomes, stable fuel prices, and new model launches — and you’ve got a recipe for sustained retail vroom.
October–November 2025 will go down in history as the month when:
Reform met Rhythm, Bharat met Buying Power, and every showroom turned into a celebration.
So, whether you were a farmer buying a new Hero Splendor, a newlywed picking up your first Maruti, or a transporter investing in a BharatBenz — this festive season proved one thing loud and clear:
🛻 When Bharat moves, it moves the market.
Charts showing Vehicle Retail Data for various period
All India Vehicle Retail Data for FY’26 YTD (Apr’25 to Oct’25)
| CATEGORY | YTD FY’26 | YTD FY’25 | Growth % |
| 2W | 1,19,94,390 | 1,06,49,288 | 12.63% |
| 3W | 7,47,742 | 7,18,122 | 4.12% |
| CV | 5,68,607 | 5,40,617 | 5.18% |
| CE | 38,757 | 43,087 | -10.05% |
| PV | 25,19,348 | 23,82,138 | 5.76% |
| TRAC | 5,22,577 | 4,70,068 | 11.17% |
| Total | 1,63,91,421 | 1,48,03,320 | 10.73% |
All India Vehicle Retail Data for Oct’25
| CATEGORY | Oct’25 | Sep’25 | Oct’24 | MoM% | YoY% |
| 2W | 31,49,846 | 12,87,735 | 20,75,578 | 144.60% | 51.76% |
| 3W | 1,29,517 | 98,866 | 1,22,848 | 31.00% | 5.43% |
| E-RICKSHAW(P) | 37,117 | 34,083 | 43,975 | 8.90% | -15.60% |
| E-RICKSHAW WITH CART (G) | 6,979 | 6,031 | 5,891 | 15.72% | 18.47% |
| THREE-WHEELER (GOODS) | 15,239 | 9,569 | 12,719 | 59.25% | 19.81% |
| THREE-WHEELER (PASSENGER) | 69,937 | 49,045 | 60,171 | 42.60% | 16.23% |
| THREE-WHEELER (PERSONAL) | 245 | 138 | 92 | 77.54% | 166.30% |
| PV | 5,57,373 | 2,99,369 | 5,00,578 | 86.18% | 11.35% |
| TRAC | 73,577 | 64,785 | 64,416 | 13.57% | 14.22% |
| CE | 5,769 | 4,458 | 8,299 | 29.41% | -30.49% |
| CV | 1,07,841 | 72,124 | 91,635 | 49.52% | 17.69% |
| LCV | 72,948 | 44,392 | 56,182 | 64.33% | 29.84% |
| MCV | 7,177 | 6,257 | 5,992 | 14.70% | 19.78% |
| HCV | 27,685 | 21,410 | 29,376 | 29.31% | -5.76% |
| Others | 31 | 65 | 85 | -52.31% | -63.53% |
| Total | 40,23,923 | 18,27,337 | 28,63,354 | 120.21% | 40.53% |
Source: FADA Research
| All India Retail – 42 Days Festive Period | |||
| CATEGORY | Festive’25 | Festive’24 | YoY % |
| 2W | 40,52,503 | 33,27,198 | 21.80% |
| 3W | 1,74,189 | 1,59,959 | 8.90% |
| CV | 1,39,586 | 1,21,350 | 15.03% |
| CE | 7,891 | 10,387 | -24.03% |
| PV | 7,66,918 | 6,21,539 | 23.39% |
| TRAC | 97,314 | 85,199 | 14.22% |
| Total | 52,38,401 | 43,25,632 | 21.10% |
Source: FADA Research
Chart showing Fuel Wise Vehicle Retail Market Share for Oct’25
| Two-Wheeler | Oct’25 | Sep’25 | Oct’24 | Construction Equipment | Oct’25 | Sep’25 | Oct’24 | |
| PETROL/ETHANOL | 95.31% | 91.71% | 92.71% | Diesel | 100% | 99.98% | 99.88% | |
| EV | 4.56% | 8.09% | 6.76% | CNG/LPG | 0.0% | 0.02% | 0.12% | |
| CNG/LPG | 0.12% | 0.19% | 0.53% | PETROL/ETHANOL | 0.1% | 0.00% | 0.00% | |
| Total | 100% | 100% | 100% | Total | 100% | 100% | 100% | |
| Three-Wheeler | Oct’25 | Sep’25 | Oct’24 | Commercial Vehicle | Oct’25 | Sep’25 | Oct’24 | |
| EV | 54.51% | 61.73% | 54.68% | Diesel | 81.67% | 81.83% | 82.38% | |
| CNG/LPG | 30.18% | 27.32% | 32.45% | CNG/LPG | 12.48% | 11.81% | 12.23% | |
| DIESEL | 15.05% | 10.51% | 12.32% | PETROL/ETHANOL | 4.18% | 4.11% | 4.43% | |
| PETROL/ETHANOL | 0.26% | 0.43% | 0.54% | EV | 1.64% | 2.18% | 0.94% | |
| Total | 100% | 100% | 100% | HYBRID | 0.03% | 0.06% | 0.03% | |
| Total | 100% | 100% | 100% | |||||
| Passenger Vehicle | Oct’25 | Sep’25 | Oct’24 | Tractor | Oct’25 | Sep’25 | Oct’24 | |
| PETROL/ETHANOL | 51.29% | 48.19% | 50.17% | Diesel | 99.82% | 99.93% | 99.98% | |
| Diesel | 16.81% | 17.42% | 18.18% | PETROL/ETHANOL | 0.00% | 0.00% | 0.01% | |
| CNG/LPG | 22.12% | 21.95% | 20.88% | EV | 0.18% | 0.07% | 0.00% | |
| HYBRID | 6.54% | 7.31% | 8.48% | Total | 100% | 100% | 100% | |
| EV | 3.24% | 5.12% | 2.29% | |||||
| Total | 100% | 100% | 100% |
Source: FADA Research
All India Vehicle Retail Strength YoY and MOM comparison for Oct’25.
| Category | MoM% | YoY% | Category | MoM% | YoY% |
| 2W | CV | ||||
| Urban | 104.68% | 33.91% | Urban | 38.36% | 10.77% |
| Rural | 179.45% | 65.90% | Rural | 61.90% | 25.09% |
| Total | 144.60% | 51.76% | Total | 49.52% | 17.69% |
| 3W | CE | ||||
| Urban | 28.00% | 1.35% | Urban | 18.76% | -31.07% |
| Rural | 33.65% | 9.13% | Rural | 37.78% | -30.09% |
| Total | 31.00% | 5.43% | Total | 29.41% | -30.49% |
| PV | TRAC | ||||
| Urban | 80.13% | 6.42% | Urban | 19.27% | 13.58% |
| Rural | 95.30% | 19.01% | Rural | 12.24% | 14.38% |
| Total | 86.18% | 11.35% | Total | 13.57% | 14.22% |
| Total | |||||
| Urban | 91.37% | 25.09% | |||
| Rural | 146.90% | 54.19% | |||
| Total | 120.21% | 40.53% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.11.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,400 out of 1,458 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)
- 3-Wheeler is sub-divided in the following manner
- E-Rickshaw – Passenger
- E-Rickshaw – Goods
- 3-Wheeler – Goods
- 3-Wheeler – Passenger
- 3-Wheeler – Personal
- 42 days festive period ranges from 1st day of Navratri to 15 days post Dhanteras due to time lag for vehicle registration
- Festive’25 – 22nd Sep’25 – 02nd Nov’25
- Festive’24 – 3rd Oct’24 – 13th Nov’24
OEM wise Market Share Data for Oct’25 (YoY comparison)
| Two-Wheeler OEM | Oct’25 | Market Share (%) Oct’25 | Oct’24 | Market Share (%) Oct’24 |
| HERO MOTOCORP LTD | 9,94,787 | 31.58% | 5,77,678 | 27.83% |
| HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD | 8,21,976 | 26.10% | 5,56,209 | 26.80% |
| TVS MOTOR COMPANY LTD | 5,58,075 | 17.72% | 3,53,619 | 17.04% |
| BAJAJ AUTO LTD | 3,23,713 | 10.28% | 2,31,048 | 11.13% |
| ROYAL-ENFIELD (UNIT OF EICHER LTD) | 1,44,615 | 4.59% | 98,163 | 4.73% |
| SUZUKI MOTORCYCLE INDIA PVT LTD | 1,35,715 | 4.31% | 1,07,107 | 5.16% |
| INDIA YAMAHA MOTOR PVT LTD | 92,359 | 2.93% | 68,461 | 3.30% |
| ATHER ENERGY LTD | 28,101 | 0.89% | 16,248 | 0.78% |
| OLA ELECTRIC TECHNOLOGIES PVT LTD | 16,036 | 0.51% | 41,843 | 2.02% |
| GREAVES ELECTRIC MOBILITY PVT LTD | 7,629 | 0.24% | 3,990 | 0.19% |
| CLASSIC LEGENDS PVT LTD | 6,922 | 0.22% | 4,329 | 0.21% |
| PIAGGIO VEHICLES PVT LTD | 3,666 | 0.12% | 3,296 | 0.16% |
| Others Including EV | 16,252 | 0.52% | 13,587 | 0.65% |
| Total | 31,49,846 | 100% | 20,75,578 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.11.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,400 out of 1,458 RTOs.
- Others include OEMs accounting less than 0.1% Market Share.
| Three-Wheeler OEM | Oct’25 | Market Share (%) Oct’25 | Oct’24 | Market Share (%) Oct’24 |
| BAJAJ AUTO LTD | 50,986 | 39.37% | 47,983 | 39.06% |
| MAHINDRA & MAHINDRA LIMITED | 12,780 | 9.87% | 8,288 | 6.75% |
| MAHINDRA LAST MILE MOBILITY LTD | 12,775 | 9.86% | 8,250 | 6.72% |
| MAHINDRA & MAHINDRA LIMITED | 5 | 0.00% | 38 | 0.03% |
| PIAGGIO VEHICLES PVT LTD | 9,779 | 7.55% | 9,043 | 7.36% |
| TVS MOTOR COMPANY LTD | 5,560 | 4.29% | 2,451 | 2.00% |
| ATUL AUTO LTD | 3,581 | 2.76% | 3,212 | 2.61% |
| YC ELECTRIC VEHICLE | 3,500 | 2.70% | 4,600 | 3.74% |
| SAERA ELECTRIC AUTO PVT LTD | 2,264 | 1.75% | 2,484 | 2.02% |
| DILLI ELECTRIC AUTO PVT LTD | 1,886 | 1.46% | 2,388 | 1.94% |
| Others including EV | 39,181 | 30.25% | 42,399 | 34.51% |
| Total | 1,29,517 | 100% | 1,22,848 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.11.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,400 out of 1,458 RTOs.
- Others include OEMs accounting less than 1% Market Share.
| Commercial Vehicle OEM | Oct’25 | Market Share (%) Oct’25 | Oct’24 | Market Share (%) Oct’24 |
| MAHINDRA & MAHINDRA LIMITED | 37,188 | 34.48% | 27,732 | 30.26% |
| MAHINDRA & MAHINDRA LIMITED | 34,485 | 31.98% | 25,665 | 28.01% |
| MAHINDRA LAST MILE MOBILITY LTD | 2,703 | 2.51% | 2,067 | 2.26% |
| TATA MOTORS LTD | 34,838 | 32.30% | 30,638 | 33.43% |
| ASHOK LEYLAND LTD | 16,557 | 15.35% | 15,904 | 17.36% |
| ASHOK LEYLAND LTD | 16,405 | 15.21% | 15,838 | 17.28% |
| SWITCH MOBILITY AUTOMOTIVE LTD | 152 | 0.14% | 66 | 0.07% |
| VE COMMERCIAL VEHICLES LTD | 7,598 | 7.05% | 7,158 | 7.81% |
| VE COMMERCIAL VEHICLES LTD | 7,545 | 7.00% | 7,072 | 7.72% |
| VE COMMERCIAL VEHICLES LTD (VOLVO BUSES DIVISION) | 53 | 0.05% | 86 | 0.09% |
| MARUTI SUZUKI INDIA LTD | 6,058 | 5.62% | 5,253 | 5.73% |
| DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD | 1,871 | 1.73% | 1,903 | 2.08% |
| FORCE MOTORS LIMITED | 1,823 | 1.69% | 1,400 | 1.53% |
| SML ISUZU LTD | 932 | 0.86% | 1,000 | 1.09% |
| Others | 976 | 0.91% | 647 | 0.71% |
| Total | 1,07,841 | 100.00% | 91,635 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.11.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,400 out of 1,458 RTOs.
- Others include OEMs accounting less than 1% Market Share.
| Construction Equipment OEM | Oct’25 | Market Share (%) Oct’25 | Oct’24 | Market Share (%) Oct’24 |
| JCB INDIA LIMITED | 3,728 | 64.62% | 5,054 | 60.90% |
| ACTION CONSTRUCTION EQUIPMENT LTD. | 453 | 7.85% | 708 | 8.53% |
| ESCORTS KUBOTA LIMITED (CONSTRUCTION EQUIPMENT) | 314 | 5.44% | 447 | 5.39% |
| AJAX ENGINEERING LTD | 275 | 4.77% | 371 | 4.47% |
| CATERPILLAR INDIA PRIVATE LIMITED | 106 | 1.84% | 194 | 2.34% |
| TATA HITACHI CONSTRUCTION MACHINERY COMP. PVT LTD | 129 | 2.24% | 168 | 2.02% |
| ALL TERRAIN CRANE | 94 | 1.63% | 67 | 0.81% |
| BULL MACHINES PVT LTD | 94 | 1.63% | 144 | 1.74% |
| CASE NEW HOLLAND CONSTRUCTION EQUIPMENT(I) PVT LTD | 93 | 1.61% | 173 | 2.08% |
| Others | 483 | 8.37% | 973 | 11.72% |
| Total | 5,769 | 100.00% | 8,299 | 100.00% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.11.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,400 out of 1,458 RTOs.
- Others include OEMs accounting less than 1% Market Share.
| PV OEM | Oct’25 | Market Share (%) Oct’25 | Oct’24 | Market Share (%) Oct’24 |
| MARUTI SUZUKI INDIA LTD | 2,39,567 | 42.98% | 2,03,347 | 40.62% |
| TATA MOTORS LTD | 75,352 | 13.52% | 66,903 | 13.37% |
| MAHINDRA & MAHINDRA LIMITED | 67,918 | 12.19% | 62,342 | 12.45% |
| HYUNDAI MOTOR INDIA LTD | 65,442 | 11.74% | 70,230 | 14.03% |
| TOYOTA KIRLOSKAR MOTOR PVT LTD | 34,868 | 6.26% | 30,569 | 6.11% |
| KIA INDIA PRIVATE LIMITED | 32,961 | 5.91% | 29,808 | 5.95% |
| SKODA AUTO VOLKSWAGEN GROUP | 12,202 | 2.19% | 9,022 | 1.80% |
| SKODA AUTO VOLKSWAGEN INDIA PVT LTD | 12,149 | 2.18% | 8,991 | 1.80% |
| VOLKSWAGEN AG/INDIA PVT. LTD. | 34 | 0.01% | – | 0.00% |
| AUDI AG | 19 | 0.00% | 25 | 0.00% |
| SKODA AUTO INDIA/AS PVT LTD | – | 0.00% | 6 | 0.00% |
| HONDA CARS INDIA LTD | 7,232 | 1.30% | 7,393 | 1.48% |
| JSW MG MOTOR INDIA PVT LTD | 5,819 | 1.04% | 5,905 | 1.18% |
| RENAULT INDIA PVT LTD | 5,056 | 0.91% | 4,481 | 0.90% |
| NISSAN MOTOR INDIA PVT LTD | 2,562 | 0.46% | 2,711 | 0.54% |
| MERCEDES -BENZ GROUP | 1,854 | 0.33% | 1,929 | 0.39% |
| MERCEDES-BENZ INDIA PVT LTD | 1,728 | 0.31% | 1,754 | 0.35% |
| MERCEDES -BENZ AG | 106 | 0.02% | 157 | 0.03% |
| DAIMLER AG | 17 | 0.00% | 18 | 0.00% |
| MERCEDES BENZ | 3 | 0.00% | – | 0.00% |
| BMW INDIA PVT LTD | 1,483 | 0.27% | 1,636 | 0.33% |
| FORCE MOTORS LIMITED | 1,391 | 0.25% | 736 | 0.15% |
| STELLANTIS GROUP | 1,306 | 0.23% | 1,298 | 0.26% |
| STELLANTIS AUTOMOBILES INDIA PVT LTD | 938 | 0.17% | 802 | 0.16% |
| STELLANTIS INDIA PVT LTD | 368 | 0.07% | 496 | 0.10% |
| BYD INDIA PRIVATE LIMITED | 570 | 0.10% | 399 | 0.08% |
| JAGUAR LAND ROVER INDIA LIMITED | 449 | 0.08% | 545 | 0.11% |
| Others | 1,341 | 0.24% | 1,324 | 0.26% |
| Total | 5,57,373 | 100.0% | 5,00,578 | 100.0% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.11.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,400 out of 1,458 RTOs.
| Tractor OEM | Oct’25 | Market Share (%) Oct’25 | Oct’24 | Market Share (%) Oct’24 |
| MAHINDRA & MAHINDRA LIMITED (TRACTOR) | 16,934 | 23.02% | 14,789 | 22.96% |
| MAHINDRA & MAHINDRA LIMITED (SWARAJ DIVISION) | 13,367 | 18.17% | 11,235 | 17.44% |
| TAFE LIMITED | 9,615 | 13.07% | 8,770 | 13.61% |
| INTERNATIONAL TRACTORS LIMITED | 8,878 | 12.07% | 7,985 | 12.40% |
| ESCORTS KUBOTA LIMITED (AGRI MACHINERY GROUP) | 7,898 | 10.73% | 6,048 | 9.39% |
| JOHN DEERE INDIA PVT LTD (TRACTOR DEVISION) | 6,128 | 8.33% | 5,838 | 9.06% |
| EICHER TRACTORS | 4,548 | 6.18% | 3,697 | 5.74% |
| CNH INDUSTRIAL (INDIA) PVT LTD | 3,004 | 4.08% | 2,598 | 4.03% |
| Others | 3,205 | 4.36% | 3,456 | 5.37% |
| Total | 73,577 | 100% | 64,416 | 100% |
Source: FADA Research
Disclaimer:
- The above numbers do not have figures from TS.
- Vehicle Retail Data has been collated as on 04.11.25 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,400 out of 1,458 RTOs.
- Others include OEMs accounting less than 1% Market Share.
