‘PV sales growth in FY25 will remain below 5%’

PASSENGER vehicle (PV) sales are likely to rebound in the second half of FY25 and the industry expects to clock sub-5% growth in the full financial year, said Shailesh Chandra, president of the Society of Indian Automobile Manufacturers (SIAM) on Monday. Chandra is also the managing director of Tata Motors Passenger Vehicles.

- @ New Delhi

In the first half (H1) of FY25, the industry faced several headwinds such as general elections, intense heat waves, erratic monsoons and the inauspicious Shradh period. All these factors led to a fall in demand and owing to high base effect of last year, it became difficult for the industry to clock growth.