New Delhi, July 1 -- The automobile industry in the country is expected to report mixed performance across segments for June 2025, with flat to mid-single digit growth projected for two-wheelers and tractors, and a flattish to mid-high single-digit decline likely for commercial vehicles (CVs) and passenger vehicles (PVs), according to a report by Yes Securities.

The report cited weak conversion rates, lack of new launches, financing challenges for upgrades, and better options in the used car market as key reasons for the subdued performance of the sector.

It highlighted weak retail trends for June 2025 on a year-on-year basis. In the commercial vehicle segment, medium and heavy commercial vehicles (MHCVs) remained muted, primarily due t...