India’s automobile exports surged 19% in FY25 to 5.36 million units, driven by strong global demand for passenger vehicles, two-wheelers and commercial vehicles, according to data released by industry body SIAM.
Passenger vehicle shipments rose 15% to 770,364 units — the segment’s highest-ever tally — fuelled by rising demand for utility vehicles, whose exports surged 54% to 362,160 units. SIAM attributed the performance to better manufacturing standards and entry into new export markets, including developed economies.
Two-wheeler exports rebounded strongly, rising 21% year-on-year to 4.2 million units, while commercial vehicle exports climbed 23% to 80,986 units. Three-wheeler shipments rose modestly by 2% to 310,000 units.
“Good recovery is seen across all segments, particularly passenger vehicles and two-wheelers, reflecting improved global demand and India’s growing competitiveness,” said SIAM President Shailesh Chandra.
Meanwhile, clean energy investment is expected to surpass upstream oil and gas spending globally for the first time in 2025, according to S&P Global. Around $670 billion is projected to be invested in renewable energy, green hydrogen, and carbon capture. Solar PV alone is set to account for half of all cleantech investments and two-thirds of new installed capacity.
At least 620 GW of new solar and wind capacity is expected to be added globally in 2024 — comparable to the combined energy systems of India, Pakistan, and Bangladesh. Battery storage systems will also outpace pumped hydro for the first time.
However, China’s dominance in battery cell manufacturing is expected to decline to 61% by 2030, amid U.S. anti-dumping duties on Southeast Asian imports. India is ramping up domestic PV manufacturing to tap into export opportunities, especially to the U.S.
In India, a parliamentary panel recommended a robust financial model to attract private investment in the nuclear energy sector, which aims to achieve 100 GW capacity by 2047. With current capacity at 8.8 GW, the panel proposed phased targets and policy reforms, including legislative changes and support for small modular reactors.
Separately, MTNL defaulted on ₹8,346 crore in loans from seven public sector banks, the telecom firm disclosed in a regulatory filing. Its total debt stands at ₹33,568 crore.
Fitch Ratings lowered India’s FY26 GDP growth forecast to 6.4%, down 10 bps, citing the impact of escalating U.S.-China trade tensions. Global growth is projected to fall to 1.9% in 2025. Fitch expects India’s inflation to ease to 3.9% by year-end and the RBI to cut rates to 5.5%.
