Festivals hold promise but passenger vehicle sales may stay flat in FY25

Passenger vehicle sales, which have been on a slower growth trajectory so far this financial year, are likely to end the 2024-25 fiscal on a flat note, feel industry insiders.
 

While OEMs are upbeat on the upcoming festive season sales, analysts peg the overall growth in PV sales for FY25 to be flat at 0.8 percent or so.
 

Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said that he expects the year to end with a 2-3 per cent overall growth in PV retail sales over the 4.2 mn units (highest ever) last