India’s four-wheeler (LMV) market is showing distinct regional patterns of growth and decline in FY24-25. Here’s a snapshot of insights from transport registration data (Vahan):
🔝 Top 5 Growth States:
Manipur: ⬆️ 26.2%
Puducherry: ⬆️ 21.6%
DNH & Daman-Diu (UT): ⬆️ 20.9%
Chhattisgarh: ⬆️ 19.4%
Haryana: ⬆️ 15.0%
📉 Top 5 Decline States:
Mizoram: ⬇️ 19.7%
Chandigarh: ⬇️ 16.2%
Assam: ⬇️ 15.9%
Nagaland: ⬇️ 14.0%
Andhra Pradesh: ⬇️ 9.1%
🏆 Volume Leaders (FY24-25):
Maharashtra: 4.69L
Uttar Pradesh: 4.44L
Gujarat: 3.47L
Haryana: 2.75L
Karnataka: 2.74L
📊 Strategic Observations:
📌 Strong double-digit growth in smaller states/UTs signals rural penetration and increased mobility access.
📌 Northern states like Haryana and Chhattisgarh are leading the charge in volume and growth—likely benefiting from infrastructure and income uptick.
📌 Declines in northeastern states and Andhra Pradesh highlight demand disparities needing localized strategies.
🔍 For auto OEMs, financiers, and mobility enablers—understanding micro-markets will be key in FY25-26. The Indian market is evolving fast—but not uniformly.
👉 Curious to know how your region performed?