ANI
07 Jul 2025, 14:34 GMT+10
New Delhi [India], July 7 (ANI): The Federation of Automobile Dealers Associations (FADA) on Monday reported approximately two times growth in the Electric Vehicle (EV) segment in June 2025 on a year-on-year basis. According to FADA numbers, in June 2025, out of 100 passenger vehicles that came out on the road, nearly 5 vehicles were EVs, as compared to nearly 2 vehicles in the same month, the previous year. However, overall sales moderated in the month.'While festival and marriage season demand provided a boost, financing constraints and intermittent variant shortages moderated sales. Early monsoon rains and rising EV penetration also shaped buying patterns,' said C S Vigneshwar, FADA President.Specifically, in the two-wheeler segment, EV witnessed a month-on-month rise from 6.07 per cent to 7.28 per cent. And in the commercial vehicle segment, it witnessed a slight uptick.Additionally, FADA projects a cautiously optimistic outlook for the auto retail sector, anchored by a decisive uptick in government capital expenditure (capex) between June and August 2025, which is expected to strategically focus on roads, railways, metro infrastructure, and green-energy projects. This strategic investment is poised to be a key driver supporting growth in the Commercial Vehicle (CV) and Construction Equipment (CE) segments.June 2025 retail data already reflects this momentum. While overall MoM volumes declined 9.44 per cent, the CE segment registered a significant 44.98 per cent MoM and 54.95 per cent YoY growth, while CVs rose 6.6 per cent YoY despite a modest 2.97per cent MoM decline. Early-month deliveries and sustained order pipelines further contributed to CV strength, even as ownership costs rose due to new taxation norms and mandatory AC-cabin regulations.Also, the monsoon forecast of over 106 per cent of the long-period average (LPA), is expected to enhance rural liquidity and, by extension, drive demand across the auto spectrum, particularly two-wheelers and tractors. Besides, the government's commitment to long-term capex in physical infrastructure and sustainability sectors positions the CV and CE markets as direct beneficiaries, particularly as project execution gathers pace post-monsoon onset. (ANI)
Get a daily dose of Professional Autos news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.
More InformationDUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
Anti-tourism sentiment in Mallorca has escalated into acts of vandalism targeting properties associated with expats and tourists ...
New Delhi [India], July 7 (ANI): The Federation of Automobile Dealers Associations (FADA) on Monday reported approximately two times...
In its ascent to modernization and a sustainable future, Brazil, alongside many other developing countries, has confronted challenges...
Seoul [South Korea], July 7 (ANI): India's largest state-owned shipbuilder, Cochin Shipyard Limited (CSL), and HD Korea Shipbuilding...
Thane (Maharashtra) [India], July 7 (ANI): The body of a teenage girl was found hanging at a construction site in Maharashtra's Thane...
Taipei [Taiwan], July 7 (ANI): The world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), stated that...