India’s freight and mobility sector showed strong resilience in November 2025, with a sharp rise in diesel consumption reaching a six-month high even as retail vehicle sales cooled off after the festive season, according to the latest Shriram Mobility Bulletin report.
Truck rentals across major trunk routes remained largely stable, reflecting sustained freight demand. Corridors like Guwahati–Mumbai–Guwahati and Kolkata–Guwahati–Kolkata saw month-on-month (MoM) growth of about 0.7%, while routes such as Delhi–Mumbai–Delhi, Delhi–Kolkata–Delhi and Mumbai–Chennai–Mumbai recorded 0.6% MoM increase. Other routes, including Delhi–Hyderabad–Delhi and Bengaluru–Kolkata–Bengaluru, posted gains of roughly 0.5% MoM.
On a year-on-year (YoY) basis too, freight sentiment looked healthy: rentals rose around 11% on key routes such as Mumbai–Chennai–Mumbai, about 10% on Delhi–Mumbai–Delhi and Kolkata–Guwahati–Kolkata, and roughly 9% for Bengaluru–Mumbai–Bengaluru.
Fuel data showed diesel consumption jumped 12% MoM and 4.7% YoY — the highest since May 2025 — driven by strong industrial output, robust goods movement and favourable GST rate cuts. In contrast, petrol consumption dipped about 4% MoM, reflecting a slowdown in personal mobility after festive travel.
In the vehicle-sales segment, most categories saw a post-festive correction. Goods carrier sales dropped 16% MoM (though remained 22% higher YoY), and conventional three-wheeler goods carriers fell 12% MoM. Passenger cars and two-wheelers were also hit — with a 32% MoM decline in car sales and a 19% drop in two-wheeler sales.
But the electric-vehicle domain painted a very different picture. While electric two-wheelers saw a 19% MoM dip, they remained 29% up YoY. Electric cars shrank 23% MoM but still delivered a strong 112% YoY rise. Most notably, electric three-wheelers defied seasonal dip — posting an 18% MoM growth and a staggering 414% YoY surge, fuelled by rising demand in passenger mobility and last-mile cargo delivery.
Overall, the November 2025 data from Shriram Mobility suggest that — despite a post-festive seasonal slump in many retail segments — India’s mobility and logistics backbone remains firm. Diesel demand, freight rentals, agricultural-vehicle movement and especially electric three-wheelers are keeping the wheels turning, indicating a structurally resilient transition toward EV adoption and sustained industrial activity.
