The November 2025 Car Sales Report presents a clear picture of resilience across the Indian passenger vehicle (PV) industry. Even after an extraordinary festive-driven October, the market held steady with a strong 18.7% YoY increase, delivering total wholesales of 4,17,495 units.
While the industry recorded a predictable 10.6% MoM decline versus the fireworks of October, the underlying demand remained healthy. SUVs, hybrids, and compact crossovers continued to anchor volumes, reinforcing long-term segmental shifts. The November 2025 Car Sales Report confirms that consumer sentiment continues to skew upward, supported by improved financing, new model launches, and better supply-chain stability.
Market Overview: YoY Outperforms Despite MoM Normalization
| Parameter | Nov’24 | Oct’25 | Nov’25 | YoY Growth | MoM Growth |
|---|---|---|---|---|---|
| Total PV Sales | 3,51,592 | 4,66,814 | 4,17,495 | +18.7% | -10.6% |
The November 2025 Car Sales Report reflects that while wholesale dispatches cooled after Diwali, the overall momentum of the market remained elevated. Dealer inventory stabilised, retail demand remained stronger than forecasts, and Tier-2 and Tier-3 markets showed increased traction.
OEM-Wise Performance: November 2025 Rankings
| Rank | OEM | Nov’25 | Nov’24 | YoY Growth | Oct’25 | MoM Growth | Nov’25 MS | Nov’24 MS | MS Diff |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Maruti Suzuki | 1,70,971 | 1,41,312 | 21.0% | 1,76,318 | -3.0% | 41.0% | 40.2% | +0.8 |
| 2 | Tata Motors | 57,436 | 47,063 | 22.0% | 61,134 | -6.0% | 13.8% | 13.4% | +0.4 |
| 3 | Mahindra | 56,336 | 46,222 | 21.9% | 71,624 | -21.3% | 13.5% | 13.1% | +0.3 |
| 4 | Hyundai | 50,340 | 48,246 | 4.3% | 53,792 | -6.4% | 12.1% | 13.7% | -1.7 |
| 5 | Toyota | 30,085 | 25,183 | 19.5% | 40,257 | -25.3% | 7.2% | 7.2% | 0.0 |
| 6 | Kia | 25,489 | 20,600 | 23.7% | 29,556 | -13.8% | 6.1% | 5.9% | +0.2 |
| 7 | MG Motor | 5,754 | 6,019 | -4.4% | 6,397 | -10.1% | 1.4% | 1.7% | -0.3 |
| 8 | Skoda | 5,491 | 2,886 | 90.3% | 8,252 | -33.5% | 1.3% | 0.8% | +0.5 |
| 9 | Honda | 5,204 | 5,005 | 4.0% | 6,394 | -18.6% | 1.2% | 1.4% | -0.2 |
| 10 | Renault | 3,662 | 2,811 | 30.3% | 4,672 | -21.6% | 0.9% | 0.8% | +0.1 |
| 11 | Volkswagen | 3,342 | 3,033 | 10.2% | 4,048 | -17.4% | 0.8% | 0.9% | -0.1 |
| 12 | Nissan | 1,908 | 2,342 | -18.5% | 2,615 | -27.0% | 0.5% | 0.7% | -0.2 |
| 13 | Citroën | 1,224 | 509 | 140.5% | 1,426 | -14.2% | 0.3% | 0.1% | +0.1 |
| 14 | Jeep | 253 | 361 | -29.9% | 329 | -23.1% | 0.1% | 0.1% | 0.0 |
The breadth of YoY growth across almost every major OEM is one of the strongest takeaways from the November 2025 Car Sales Report.
Brand-Wise Analysis & Strategic Insights
1. Maruti Suzuki – A commanding month with strengthened market share
Backed by Baleno, Fronx, and Brezza, Maruti Suzuki posted 1.70 lakh units, rising 21% YoY. Even with a slight MoM decline, the brand’s market share surged to 41%, the highest for 2025.
The November 2025 Car Sales Report highlights Maruti’s regained dominance in the entry-level and mid-segment categories due to GST updates and strong festive carry-over.
2. Tata Motors – EV leadership drives consistent growth
Tata Motors recorded 57,436 units, up 22% YoY. Nexon, Punch, and Tiago.ev were major contributors.
The November 2025 Car Sales Report reinforces Tata’s stronghold in the EV segment, where it maintains nearly 70% market share.
3. Mahindra – Strong fundamentals, MoM cooldown expected
Mahindra sold 56,336 units, posting 21.9% YoY growth. Scorpio-N, XUV700, and Thar continue to lead.
The November 2025 Car Sales Report shows that Mahindra’s MoM dip (-21.3%) was due to October’s exceptionally high festive dispatches rather than demand weakness.
4. Hyundai – Competitive pressure impacts share
Hyundai posted modest YoY growth of 4.3%. Creta and Exter drove volumes, but the brand’s overall market share dropped by 1.7 pp YoY.
The November 2025 Car Sales Report indicates Hyundai is feeling heat from stronger domestic OEM performance.
5. Toyota – Strong YoY but sharp MoM correction
Toyota delivered 30,085 units, up nearly 20% YoY, driven by Hyryder and Innova Hycross hybrids.
Post-festive dispatch normalization led to a steep MoM dip, which was anticipated in the November 2025 Car Sales Report.
6. Kia – Solid YoY rise with stable brand momentum
Kia reported 25,489 units, growing 23.7% YoY. Seltos, Sonet, and Carens collectively contributed to the improvement.
7. MG Motor – Volume correction amid supply constraints
MG registered a YoY decline of 4.4% due to constrained ZS EV supply.
The November 2025 Car Sales Report suggests expected recovery once updated Hector variants arrive.
8. Skoda – A breakout performer
Skoda’s 90% YoY growth is one of the standout highlights of the entire November 2025 Car Sales Report, driven by Slavia and Kushaq’s rising popularity.
9. Honda – Mild YoY uptick
Honda’s Elevate sustained demand, but MoM numbers dipped due to festive overstock in October.
10. Renault – Strong YoY surge
Renault’s 30% YoY growth came from rural demand for Kiger and Triber.
Emerging & Niche OEM Performance
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Volkswagen: +10.2% YoY, stable premium niche.
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Nissan: Down YoY and MoM; limited portfolio impact.
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Citroën: +140% YoY; strong eC3 traction.
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Jeep: Continued YoY decline due to ageing lineup.
Market Share Landscape: Domestic Brands Gain Big
| OEM | Nov’25 MS | Nov’24 MS | Change |
|---|---|---|---|
| Maruti Suzuki | 41.0% | 40.2% | +0.8 |
| Tata Motors | 13.8% | 13.4% | +0.4 |
| Mahindra | 13.5% | 13.1% | +0.3 |
| Hyundai | 12.1% | 13.7% | -1.7 |
| Toyota | 7.2% | 7.2% | 0.0 |
| Kia | 6.1% | 5.9% | +0.2 |
| Skoda | 1.3% | 0.8% | +0.5 |
The November 2025 Car Sales Report confirms the rising dominance of domestic OEMs, collectively securing almost 68% market share.
Segment-Wise Trends Shaping the Market
SUV Supremacy Continues
SUVs contributed over 60% of total PV sales.
The November 2025 Car Sales Report shows sustained demand for compact and mid-size SUVs.
EV Momentum Strengthens
Tata leads, followed by MG and Citroën. Urban EV adoption continues to accelerate.
Hybrids Gain Urban Premium Traction
Toyota’s hybrid lineup sees sustained demand, creating a premium mid-segment niche.
Entry-Level Hatchback Revival Begins
GST restructuring and improved financing triggered mild recovery, a trend noted in the November 2025 Car Sales Report.
Outlook: December 2025 and Early 2026
The November 2025 Car Sales Report points toward a robust finish to the calendar year. With heavy year-end discounting and inventory balancing underway, December is expected to deliver strong retail momentum. The industry remains on track to close 2025 near the 45-lakh-unit milestone, an all-time record.
Conclusion: A Balanced Yet Impressive Performance
The November 2025 Car Sales Report captures a crucial month for the Indian PV industry. Despite the natural cooling after festive highs, OEMs delivered strong YoY growth, market share shifts favored domestic giants, and segmental transitions toward SUVs, EVs, and hybrids continued unabated.
As the industry heads toward 2026, India’s automotive landscape is poised for continued growth, innovation, and expanding consumer choices.
