Vehicle registration surge by 20 per cent Y-o-Y in November

New Delhi: Vehicle registrations have increased by 2 per cent year-on-year, last month, despite a high base, riding at the back of sustained consumer demand even following the end of the festive season. According to the data from Federation of Automobile Dealers Associations (FADA) from the VAHAN portal of the Ministry of Road Transport & Highways (MoRTH), with 3.3 million units in November 2024 getting registered last month, which stayed at 3.23 million units in November 2024.

The growth rate would have been higher had the register for two-wheelers not declined last month, which makes up three-fourths of all vehicles sold in the local market. Even though the sales of passenger vehicles went up by 19.7 per cent last month, those of the commercial vehicles and tractors went up by 19.94 per cent and 56.55 per cent, respectively. However, two-wheeler sales fell by about 3 per cent in the month under review. 

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CS Vigneshwar, FADA president, said, “Traditionally, auto retail eases in the month following the festival cycle; however, this year, most festive registrations were completed in October’25 itself, unlike November’24, when Deepawali and Dhanteras fell in towards the end of October’24, and vehicle registrations happened in November’24 which lifted volumes significantly. Even with this shift, the industry closed November’25 at a YoY growth of 2.14%, reaffirming customer confidence and the structural strength of India’s auto retail market.”

The GST cut, along with retail offers from dealers and automakers, continued to make for a pull factor for customers even after the festive period. Price reductions across all categories triggered heavy buying in October and continued to keep the momentum, said FADA.

Two-wheeler registrations fell by 3.1% last month, mainly because of the outstanding strong festive-season sales seen in October. Delayed crop payments and inconsistent availability of in-demand models also weighed on November numbers. Still, dealers continue to see healthy footfall that resulted from GST-related sentiment and heavy marriage-season demand.

Passenger vehicle registrations surged 19.7%, supported by GST benefits, wedding-season purchases, improved availability of high-waiting models, and continued momentum from compact SUVs. Inventory levels fell sharply to 44–46 days, as opposed to 53–55 days, Vigneshwar noted.

In the commercial vehicle category, infrastructure development, freight activity, government tender cycles, tourism mobility, and GST reforms helped pick up volumes, despite uneven fleet utilisation in some regions.