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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Passenger Vehicles Sales YoY climbed to 29.0% in December 2025
FMPMonthlyReleased January 2026
India Passenger Vehicles Sales YoY climbed to 29.0% in December 2025, released January 2026, up 10.9% from November's 18.1% reading. The print exceeded the 15.1% consensus by 13.9%. Passenger Vehicles Sales YoY has now risen for 4 consecutive months. Over the past 3 months, Passenger Vehicles Sales YoY averaged 16.95%, vs -5.57% in the prior 3-month window. Passenger Vehicles Sales YoY is now the highest in 31 months.
Latest Release
29
Actual
15.1
Consensus
18.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NIFTY 50 | ▲ Direct | +0.63 | INDEX | Bullish NIFTY 50 | → View |
| S&P 500 | ▼ Inverse | −0.37 | INDEX | Bearish S&P 500 | → View |
| XAU/USD | ▲ Direct | +0.32 | COMMODITIES | Bullish XAU | → View |
| BTC/USD | ▼ Inverse | −0.28 | CRYPTO | Bearish BTC | → View |
| Hang Seng | ▲ Direct | +0.25 | INDEX | Bullish Hang Seng | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Passenger Vehicles Sales YoY (India) was reported at 2.50 in May 2026. The reading fell from the previous value of 14.10. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 6.03, ranging from -9.20 to 29.00 across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 7.87, down from the prior three at 18.37. Volatility over the past year (σ 11.12) is higher than the prior year (σ 3.47). In May readings over the past 3 years, Passenger Vehicles Sales YoY has averaged 3.07.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NIFTY 50 (Bullish NIFTY 50). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MPC Meeting Minutes (Jun 19) and Monetary Policy Meeting Minutes (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Passenger Vehicles Sales YoY - IN
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About Passenger Vehicles Sales YoY — India
DEFINITION
Passenger Vehicles Sales YoY (Year-over-Year) is a financial indicator that measures the percentage change in the number of passenger vehicles sold by a company or industry compared to the same period in the previous year. This indicator is used to assess the growth or decline in demand for passenger vehicles and can provide valuable insights into the overall health of the automotive market. It is commonly used by investors, analysts, and industry experts to make informed decisions about investments and market trends. A positive YoY growth in passenger vehicle sales indicates a strong market demand, while a negative YoY growth may suggest a slowdown in the industry.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 2.5 %. Prior reading (Mar 2026): 14.1 %. Before that (Feb 2026): 10.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with NIFTY 50 (Bullish NIFTY 50, r=0.63) — a useful reference for index-focused traders.