New Delhi, April 2 -- The Indian automobile industry witnessed mixed trends in March 2025, with strong performances in the two-wheeler (2W) and tractor segments, while commercial vehicles (CVs) and passenger vehicles (PVs) exhibited varied outcomes.

Acccording to a comprehensive analysis done by Axis Securities, in the passenger vehicle segments, domestic PV industry sales grew by approximately 5 per cent year-on-year (YoY), driven by robust volumes from Toyota, Mahindra & Mahindra (M&M), and Kia.

Toyota recorded a 13 per cent YoY increase, Kia posted a 19 per cent rise, and M&M saw an 18 per cent growth.

However, Hyundai and Maruti Suzuki faced headwinds, with Hyundai's domestic volumes declining by 2 per cent YoY and Maruti Suzuki re...