The Indian automotive industry began 2025 with varied sales performances across OEMs, reflecting market shifts, competition, and demand fluctuations. This report analyzes the Year-on-Year (Y-o-Y) and Month-on-Month (M-o-M) sales performance of leading OEMs (Original Equipment Manufacturers) in January 2025.
January 2025 Car Sales Figures
| OEM | Jan’25 | Jan’24 | Y-o-Y Growth | Jan’25 | Dec’24 | M-o-M Growth |
|---|---|---|---|---|---|---|
| Maruti Suzuki | 173,599 | 166,802 | +4.1% | 173,599 | 130,115 | +33.4% |
| Hyundai | 54,003 | 57,115 | -5.4% | 54,003 | 42,208 | +27.9% |
| Mahindra | 50,659 | 43,068 | +17.6% | 50,659 | 41,424 | +22.3% |
| Tata | 48,075 | 53,635 | -10.4% | 48,075 | 44,221 | +8.7% |
| Toyota | 26,178 | 23,197 | +12.9% | 26,178 | 24,887 | +5.2% |
| Kia | 25,025 | 23,769 | +5.3% | 25,025 | 8,957 | +179.4% |
| Honda | 6,103 | 8,681 | -29.7% | 6,103 | 6,825 | -10.6% |
| MG | 4,455 | 3,825 | +16.5% | 4,455 | 7,516 | -40.7% |
| Skoda | 4,133 | 2,377 | +73.9% | 4,133 | 4,554 | -9.2% |
| VW | 3,344 | 3,267 | +2.4% | 3,344 | 4,787 | -30.1% |
| Renault | 2,780 | 3,826 | -27.3% | 2,780 | 2,881 | -3.5% |
| Nissan | 2,404 | 2,863 | -16.0% | 2,404 | 2,118 | +13.5% |
| Citroen | 470 | 650 | -27.7% | 470 | 566 | -17.0% |
| Jeep | 310 | 396 | -21.7% | 310 | 286 | +8.4% |
Key Highlights
1. Maruti Suzuki: Continued Market Leadership
Maruti Suzuki continued to dominate the Indian automotive industry, showing a 4.1% Y-o-Y growth, which highlights its steady market presence. The company’s 33.4% M-o-M increase in sales suggests a strong recovery after the seasonal slump. Maruti’s best-selling models, including the Swift, Baleno, and Ertiga, have played a crucial role in driving this growth. Additionally, the brand’s focus on hybrid and CNG variants has helped sustain demand despite shifting consumer preferences.
2. Hyundai: Decline in Y-o-Y but Strong Monthly Recovery
Hyundai recorded a 5.4% decline in Y-o-Y growth, indicating challenges in maintaining its market share. However, the company saw a 27.9% M-o-M increase, highlighting a strong recovery. The Creta and Venue continue to be Hyundai’s top-selling models, but growing competition from Tata and Mahindra in the SUV segment poses challenges. Hyundai’s upcoming launches and increased focus on EVs could help regain lost momentum.
3. Mahindra: Strong SUV-Led Growth
Mahindra posted an impressive 17.6% Y-o-Y growth, largely attributed to its SUV offerings like the Thar, Scorpio, and XUV700. The company’s 22.3% M-o-M increase indicates strong customer demand for its SUV-centric portfolio. Mahindra’s dominance in the utility vehicle segment, combined with increasing production capacities, continues to strengthen its position in the market.
4. Tata: Y-o-Y Decline but Monthly Rebound
Tata Motors reported a 10.4% Y-o-Y decline in January 2025, indicating a temporary slowdown. However, an 8.7% M-o-M growth suggests a rebound in demand. Tata’s popular models, such as the Nexon and Punch, continue to perform well, but the brand faces increasing pressure from Hyundai and Mahindra in the SUV space. Tata’s focus on EVs, particularly the Nexon EV and Tiago EV, remains a key driver for future growth.
5. Toyota: Steady Growth with Consistent Demand
Toyota showed a steady 12.9% Y-o-Y growth, supported by strong sales of the Innova Hycross and Fortuner. The company’s 5.2% M-o-M increase further highlights stable demand despite market fluctuations. Toyota’s hybrid and premium offerings continue to attract a loyal customer base.
6. Kia: Remarkable Monthly Surge
Kia posted a modest 5.3% Y-o-Y growth but an outstanding 179.4% M-o-M increase, indicating a strong recovery from the previous month’s slump. The company’s popular models, including the Seltos and Sonet, played a significant role in this resurgence. Kia’s aggressive pricing strategy and new product updates have helped revitalize its sales.
7. Honda: Struggles Continue
Honda faced a significant 29.7% Y-o-Y decline, reflecting struggles in maintaining market relevance. The brand also saw a 10.6% M-o-M drop, indicating persistent challenges in a competitive market. Honda’s reliance on sedans like the City and Amaze, which face declining demand, has affected overall performance. The company needs to expand its SUV lineup to remain competitive.
8. MG: Y-o-Y Gains but Monthly Decline
MG registered a 16.5% Y-o-Y growth, reflecting strong customer interest in models like the Hector and ZS EV. However, a steep 40.7% M-o-M decline suggests seasonal fluctuations and the impact of supply chain constraints. MG’s focus on EVs is expected to drive future growth, particularly with increasing adoption of electric mobility in India.
Other OEM Performances
- Skoda: Reported a strong 73.9% Y-o-Y growth, though a 9.2% M-o-M decline suggests temporary adjustments in demand.
- VW: Managed a slight 2.4% Y-o-Y growth but struggled with a significant 30.1% M-o-M drop.
- Renault: Experienced a 27.3% Y-o-Y decline, reflecting challenges in maintaining competitiveness.
- Nissan: Faced a 16.0% Y-o-Y decline but recorded a 13.5% M-o-M growth, indicating some recovery.
- Citroen: Continued to struggle with a 27.7% Y-o-Y decline and a 17.0% M-o-M drop.
- Jeep: Saw a 21.7% Y-o-Y decline but managed an 8.4% M-o-M growth, indicating slight demand recovery.
Conclusion: Market Adjustments and OEM Strategies
January 2025 presented a mixed outlook for the Indian automotive industry. While some manufacturers, such as Maruti Suzuki, Mahindra, and Toyota, demonstrated strong performance, others like Honda, Renault, and Citroen faced significant challenges. The market continues to evolve with increasing consumer interest in SUVs and electric vehicles. OEMs that adapt to these trends with innovative offerings will be better positioned to sustain growth in the competitive landscape.