Vahan Registrations CY2025: Passenger Vehicle Sales

We have presented the Wholesales (dispatch figures of OEM to dealers) here. A lot of requests came in to cover the Vahan Figures as well to present the actual Industry scenario. This article is presented to highlight the RTO registration figures sourced from the Vahan portal.

India’s passenger vehicle market closed CY2025 on a strong note, with total Vahan registrations at 43,51,640 units, compared to 40,11,725 units in CY2024 — reflecting a healthy 8.5% year-on-year growth.

While the industry expanded steadily, performance across OEMs remained sharply divided — with strong gains from utility vehicle-focused brands and continued pressure on a few legacy players.

• Telangana is still not under Vahan and is not considered in the overall volumes in the aforementioned table.

• Market leader Maruti maintained dominance with nearly 41% market share. Growth of 8.2% aligns with overall industry expansion, driven by Fronx, Grand Vitara & Brezza. Maruti continues to defend its share effectively despite increasing SUV competition.

• Mahindra emerged as one of the biggest gainers of CY2025 with 20.2% YoY growth. It had clear momentum from the Scorpio-N, XUV700, Thar, and Bolero range. The OEM is leveraging strong rural + aspirational SUV demand. Mahindra is consolidating its position as India’s fastest-growing mainstream SUV manufacturer.

• Hyundai saw a marginal contraction despite new launches. It recorded a slight 1.4% YoY decline. It is experiencing competitive pressure in the compact SUV segment.

  The brand remains a strong #3 but needs sharper growth drivers.

• Moderate growth recorded for Tata Motors. EV portfolio contributes steady volumes for the OEM. Punch and Nexon remained key pillars.

• Toyota continues its high-growth trajectory in CY2025. The OEM registered YoY growth of 19.6%, and MS grew by 0.7%.

Fuel-wise volumes contribution:

India’s passenger vehicle fuel mix is undergoing a structural shift. While overall industry registrations grew 8.5% in CY2025, the real story lies in how buyers are changing fuel preferences.

Here’s how the fuel mix evolved year-on-year:

Fuel	CY2025%	CY2024%	YoY
Petrol	48.9%	52.9%	-4.0%
Diesel	18.1%	18.4%	-0.3%
CNG	21.3%	17.9%	3.4%
Hybrid	8.0%	8.5%	-0.5%
EV	3.7%	2.3%	1.4%

Petrol Falls Below 50% for the First Time

Petrol share dropped sharply by 4 percentage points to 48.9% in CY2025.

What’s driving the decline?

• Rapid expansion of CNG options

• Higher petrol prices in urban markets

• Stronger push for alternative fuels

• Increased hybrid availability in mid-size SUVs

Petrol remains the dominant fuel, but its monopoly status is clearly weakening.

Diesel Stabilizes, But No Comeback

Diesel remains almost flat at 18.1% (-0.3%).

• Demand remains strong in rural markets and SUVs

• No major diesel portfolio expansion from OEMs

• BS6 cost impact still limiting small diesel cars

Diesel is stable but not growing — it has transitioned from growth driver to niche stability segment.

CNG is the Biggest Gainer

CNG surged to 21.3% share, up 3.4 percentage points — the largest gain among all fuels.

Key Drivers:

• Aggressive CNG portfolio expansion

• Urban affordability push

• Running cost advantage

• Strong availability in Tier 1 and Tier 2 cities

CNG has now become India’s second most preferred fuel after petrol, overtaking diesel comfortably in many urban markets.

Hybrid Moderates After Strong Growth Phase

Hybrid share declined slightly to 8.0% (-0.5%).

Possible reasons:

• Supply constraints in certain models

• High pricing compared to petrol variants

• Increased CNG adoption in lower segments

However, hybrids continue to perform strongly in the ₹15 lakh+ segment and remain critical in premium SUVs.

EV Adoption Accelerates

EV share jumped to 3.7%, up 1.4 percentage points — the fastest percentage growth relative to base.

While still under 5% penetration:

• Urban buyers are increasingly considering EVs

• Improved charging infrastructure in metros

• Strong fleet adoption

• Growing acceptance in the compact SUV and small car segments

EV growth is steady, though still in the early expansion stage.