5 million passenger vehicle expected to sell in financial year 2025-26, EV sales fall – Cross Talk India
Passenger vehicle The rating agency Crisil has released its latest report regarding the sale of. According to a Crisil Ratings report, the annual growth rate of passenger vehicle industry in India may be recorded in FY 2025-26. However, the sales of passenger vehicles can reach a record level, however, despite this. Crisil said that despite the annual growth rate of passenger vehicle segment, the total sales records in the current financial year are expected to reach 5 million units in the current financial year.
The growth of the electric vehicle segment doubled after doubled last year
Crisil Ratings stated in a statement that the reaches of electric vehicles (EV) are being seen at a medium 3 to 3.5 percent, despite the launch of new vehicles and high prices, infrastructure -related infrastructure deficiency and the fall in battery costs. It states that the growth in the electric vehicle segment has doubled last year and slowed down last year.
PV industry ready to touch new height in financial year 2025-26
“India’s Passenger Vehicle (PV) industry is set to touch the new height in the current financial year 2025-26,” India’s Passenger Vehicle (PV) will cross the new height in the current financial year 2025-26. However, the annual growth rate is expected to slow down by 2 to 4 percent. ”
Export growth of passenger vehicles is also estimated to fall
The rating agency said on the export front that the growth rate in FY 2025-26 is expected to be 5 to 7 percent among global challenges. It said, “25 percent of the US tariffs effective from June 2025 will raise a limited risk, as the US share in the total passenger vehicle number is about 1 percent.”
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