Holi, Ugadi in March to drive demand in auto sales: SIAM

Upcoming festive season in March is likely to drive demand in the domestic automobile sector, thereby closing the financial year (FY) 2024-25 on a reasonably positive note, said Society of Indian Automobile Manufacturers (SIAM) on Thursday.

In the passenger vehicle (PV) segment, the total domestic wholesales (dispatches to dealers) grew by 1.9 per cent year-on-year (y-o-y) to 3,77,689 units in February as compared with 3,70,786 units in the corresponding month last year.

Three-wheeler wholesales also grew by 4.7 per cent y-o-y to 57,788 units in February as compared with 55,175 units in the same month last year.

However, total two-wheeler wholesales declined by nine per cent y-o-y to 13,84,605 units during the month as compared with 15,20,761 units in February 2024, the monthly sales data shared by SIAM said.

“Passenger vehicles segment remained resilient and posted its highest-ever sales of February in 2025 of 3.78 lakh units… However, two-wheelers de-grew by 9 per cent in February 2025, as compared to February 2024, with sales of 13.85 lakh units. Upcoming festivities of Holi and Ugadi in March is likely to continue to drive demand, thereby closing FY2024-25 on a reasonably positive note,” Rajesh Menon, Director General, SIAM, said.

In the two-wheeler segment, the motorcycle dispatches to dealers declined 13 per cent y-o-y to 8,38,250 units last month as against 9,64,362 units in February 2024. Scooter sales also declined marginally to 5,12,783 units in February as compared with 5,15,340 units in the corresponding month last year.

Grand total of all categories declined by 6.50 per cent y-o-y to 18,20,085 units during the month as compared with 19,46,758 units in February last year.