India’s passenger vehicle (PV) market posted another strong month in November 2025, with retail sales rising 20% Year-on-Year (YoY) even as dealer inventory tightened to roughly 44–46 days. According to the Federation of Automobile Dealers Associations (FADA), demand held firm despite the post-festive cooldown, supported by the recent Goods and Services Tax (GST) cuts, wider availability of popular models and steady footfall driven by the ongoing wedding season.

Dealers across major markets reported that enquiries stayed buoyant through the month, aided by year-end purchase sentiment and brisk stock rotation, according to FADA. Many said that inventory, which had earlier hovered above 53–55 days, was now being cleared more efficiently, easing working-capital pressure across the retail cha

See Full Page