New Delhi | December 1, 2025 :
India’s manufacturing sector marked a historic milestone on December 1, 2025, as the HSBC India Manufacturing Purchasing Managers’ Index (PMI) hit 59.2 in November—the highest in 14 years. This robust growth reflects surging domestic demand and export strength amid enhanced supply chain efficiencies. Major players like Maruti Suzuki and Tata Motors reported exceptional sales in November, boosting optimism for India’s economic expansion.
Maruti Suzuki reported a 26% year-on-year increase in total sales with 229,021 units sold in November 2025, including a 61% rise in export sales to 46,057 units. Tata Motors also saw strong growth with passenger vehicle sales rising 26% to 59,199 units, supported by a 22% increase in domestic sales. These figures highlight India’s strengthening automotive manufacturing capabilities and reflect the broader industrial growth trends buoyed by government incentives like the Production Linked Incentive (PLI) scheme.
Despite challenges such as rising input costs and skilled labor shortages, the manufacturing boom has fueled optimistic GDP projections of 7% for FY 2026. The Reserve Bank of India’s upcoming December Monetary Policy Committee meeting is keenly watched for potential rate cuts to sustain this momentum. Prime Minister Narendra Modi hailed the data as validation of “Atmanirbhar Bharat” initiatives. HSBC’s Chief India Economist Pranjul Bhandari noted that India’s manufacturing expansion signals its decoupling from global economic slowdowns, advancing its position ahead of China in PMI rankings, which is attracting significant foreign direct investment.
This surge positions India as a formidable global manufacturing powerhouse, with the automotive sector exemplifying the rapid industrial growth shaping the country’s economic future.
