EV motor car sales surged 14% month-on-month and over 1,300 per cent year-on-year
| Photo Credit:
REUTERS
A Shriram Mobility Bulletin released on Friday indicates steady momentum in India’s mobility sector in July 2025, with stability and selective upticks across key transport segments driven by preparations for the upcoming festive season. This movement signals improving activity amid monsoon season. This is likely to increase freight rates in the coming months as product demand peaks.
Truck rentals across major national corridors remained largely stable during the month, reflecting a balanced demand-supply environment. Most key routes, including Delhi–Mumbai–Delhi, saw no change in freight rates from June.
Vehicle retail sales in July reflected both resilience. Passenger vehicle sales rebounded 7 per cent month-on-month (m-o-m) after three consecutive months of decline, signalling early festive readiness. Maxi cab sales surged 40 per cent m-o-m, likely on account of increased fleet deployment for seasonal inter-city movement.
Agricultural tractors rose 15 per cent m-o-m, supported by healthy rainfall and active kharif sowing activity. Commercial tractors climbed 14 per cent. This indicates robust rural and agri supply chain demand.
2W in slow lane
Two-wheeler sales declined 7 per cent m-o-m, and construction-linked categories such as earth-moving equipment (-38 per cent) and commercial construction vehicles (-55 per cent) were impacted by rain.
Electric vehicle (EV) sales continued to show upward momentum. EV motor car sales surged 14 per cent m-o-m and over 13x year-on-year (y-o-y) and E-3 wheelers recorded a 19 per cent m-o-m increase. E-2 wheelers saw a 4 per cent m-o-m decline, likely due to global supply-side constraints involving rare earth magnets, though y-o-y performance remained strong, stated the release.
Fuel consumption dipped in July due to monsoon-led mobility constraints. FASTag performance reflected seasonal moderation, with transaction volumes falling 4.1 per cent m-o-m to 370.6 million and toll values easing by 1.8 per cent, to ₹6,669 crore. On a y-o-y basis, however, volumes were up 13 per cent and values surged 19 per cent, respectively, reinforcing long-term growth in highway usage and road infrastructure efficiency, according to the release.
YS Chakravarti, CEO and Managing Director, Shriram Finance Ltd., said, “As India gets ready for its festivals, a sense of optimism is setting in. With lower interest rates, copious monsoon rain, rural markets are turning upbeat. Vehicle sales, more specifically two-wheeler sales, could witness a strong rebound. Trucking activity over the next couple of months is expected to be strong with goods movement ahead of festivals and corporate sector cranking up.”
Published on August 8, 2025
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