May 2025 marked a mixed performance for India’s automotive sector, with varied outcomes across manufacturers and vehicle segments. While some automakers reported significant growth, others faced declines due to evolving market dynamics.
Here are a few auto stocks that have reported sales updates for May 2025:
Tata Motors Limited
With a market cap of Rs. 2.6 lakh crores, the stock opened in the red at Rs. 712.25 on Monday. Tata Motors Limited sales in the domestic & international markets fell by nearly 8.6 percent to 70,187 units in May 2025, compared to 76,766 units during May 2024. The total domestic sales stood at 67,429 units in May 2025, marking a decline of 10 percent YoY from 75,173 units in May 2024. The total commercial vehicle sales also registered a drop of 5 percent YoY, while passenger vehicle sales (including EV) decreased by 11 percent over the same period.
Maruti Suzuki India Limited
With a market cap of Rs. 3.82 lakh crores, the stock opened in the red at Rs. 12,200 on Monday. The company sold a total of 1,80,077 units in May 2025, an increase of 3.2 percent YoY from 1,74,551 units sold in May 2024. Total sales in the month include domestic sales (including PV+LCV) of 1,38,690 units, sales to other OEM of 10,168 units and total export sales of 31,219 units.
Sales of mini-segment cars, comprising Alto and S-Presso, dropped to 6,776 units in May 2025 against 9,902 units in May last year. Further, sales of compact cars, comprising Baleno, Celerio, Dzire, Ignis, Swift and WagonR, declined to 61,502 units from 68,206 units, during the same time period. Utility vehicles, consisting of Brezza, Ertiga, Fronx, Grand Vitara Invicto, Jimny and XL6, clocked sales of 54,899 units in May 2025, compared to 54,204 units earlier.
TVS Motor Company Limited
With a market cap of Rs. 1.3 lakh crores, the stock opened in the green at Rs. 2,800.1 on Monday. TVS Motor Company registered a growth of 17 percent YoY, with sales increasing from 3,69,914 units in May 2024 to 4,31,275 units in May 2025. While the total exports registered a growth of 22 percent, with sales increasing from 96,966 units in May 2024 to 1,18,437 units in May 2025.
Total two-wheelers registered a growth of 16 percent, with sales increasing from 3,59,590 units in May 2024 to 4,16,166 units in May 2025. Domestic two-wheeler registered growth of 14 percent with sales increasing from 2,71,140 units in May 2024 to 3,09,287 units in May 2025.
Motorcycles registered a growth of 22 percent with sales increasing from 1,73,627 units in May 2024 to 2,11,505 units in May 2025. Scooter registered a growth of 15 percent with sales increasing from 1,45,305 units in May 2024 to 1,66,749 units in May 2025. The company’s EVs recorded a growth of 50 percent, with sales increasing from 18,674 units in May 2024 to 27,976 units in May 2025.
Bajaj Auto Limited
With a market cap of Rs. 2.35 lakh crores, the stock opened in the green at Rs. 8,610.2 on Monday. Total sales grew 8 percent to 3,84,621 units in May 2025, up from 3,55,323 units in May 2024. Domestic sales remained largely unchanged at 2,25,733 units, compared to 2,25,087 units, over the same period. Meanwhile, exports zoomed 22 percent to 1,58,888 units in May 2025, from 1,30,236 units in May 2024.
Hyundai Motor India Limited
With a market cap of Rs. 1.49 lakh crores, the stock opened in the red at Rs. 1,840.2 on Monday. Hyundai Motor recorded total monthly sales of 58,701 units in May 2025, comprising domestic sales of 43,861 units and export sales of 14,840 units. According to the company’s filings, the availability of a few critical models was affected during the month due to a scheduled biannual maintenance shutdown at its Chennai manufacturing facility.
Ashok Leyland Limited
With a market cap of Rs. 69,140.5 crores, the stock opened in the green at Rs. 237.15 on Monday. Total sales grew by 5 percent to 15,484 units in May 2025, compared to 14,682 units in May 2024. During the same period, Medium and Heavy Commercial Vehicle (M&HCV) sales increased by 11 percent to 10,282 units, up from 9,243 units. In contrast, Light Commercial Vehicle (LCV) sales dropped 4 percent to 5,202 units, down from 5,439 units.
Eicher Motors Limited
With a market cap of Rs. 1.46 lakh crores, the stock opened in the green at Rs. 5,398.7 on Monday. Eicher Motors’ VECV segment reported a 7.3 percent increase in total sales, reaching 7,402 units in May 2025, up from 6,901 units in May 2024. Meanwhile, Royal Enfield, the motorcycle division of Eicher Motors, recorded a 26 percent YoY growth in total sales, rising to 89,429 units from 71,010 units, while Exports surge 82 percent to 13,609 units Vs 7,479 units.
Hero MotoCorp Limited
With a market cap of Rs. 84,227.6 crores, shares of the world’s largest manufacturer of motorcycles and scooters opened in the green at Rs. 4,305.1 on Monday. Hero MotoCorp dispatched 5,07,701 motorcycles and scooters in May 2025, marking an increase of 1.92 percent over the 4,98,123 units sold in May 2024, achieving both sequential and annual growth. Domestic sales for the month grew by 2 percent to reach 4,88,997 units, while export sales rose by 0.17 percent to 18,704 units.
Mahindra & Mahindra Limited
With a market cap of Rs. 3.75 lakh crores, shares of one of India’s leading automotive companies opened in the green at Rs. 2,988.2 on Monday. Mahindra’s overall auto sales for May 2025 stood at 84,110 vehicles, a growth of 17 percent, including exports. In the Utility Vehicles segment, the company reported domestic sales of 52,431 units, marking a 21 percent growth. Including exports, total sales in this segment reached 54,819 units. Meanwhile, domestic sales of Commercial Vehicles stood at 21,392 units.
Total tractor sales, including both domestic and exports, reached 40,643 units in May 2025, reflecting a 10 percent YoY increase from 37,109 units in the same period last year.
Written by Shivani Singh
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