India Auto Industry Performance

Data Transportation

Source: Society of Indian Automobile Manufacturers
Source Link: https://www.siam.in/
Frequency: Monthly
Next Release(s): April 13th, 2026 12:30 AM

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India Auto Industry Performance: February 2026 2026-03-13 00:30
India’s auto sales posted double-digit YoY growth in January 2026, with passenger vehicles +12.6% YoY, three-wheelers +30.2% YoY, and two-wheelers +26.2% YoY, marking the highest-ever January sales across segments.
- Total production of passenger vehicles, two-wheelers, three-wheelers, and quadricycles reached 2,927,394 units in January 2026, indicating elevated manufacturing activity at the start of the year.
- Passenger vehicle sales totaled 449,616 units in January (+12.6% YoY), described as the highest-ever January level, reflecting sustained demand momentum.
- Three-wheeler sales stood at 75,725 units (+30.2% YoY), representing the strongest percentage growth among major segments and signaling robust recovery in this category.
- Two-wheeler sales reached 1,925,603 units (+26.2% YoY), also marking a record January and underscoring broad-based strength in mass-market mobility demand.
- All three major domestic segments recorded double-digit YoY growth, indicating synchronized expansion across the auto market.
- Reported passenger vehicle figures exclude BMW, Mercedes, JLR, and Volvo Auto, and without Tata Motors, January PV sales would have been 379,394 units, highlighting data coverage nuances in the headline total.
- Industry commentary attributes the strong start to 2026 to sustained demand following GST rate reductions and ongoing policy support, with expectations of medium-term growth benefits from manufacturing-focused initiatives announced in the Union Budget 2026.
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India’s vehicle sales surged in Q3 FY2025-26 (Oct–Dec 2025), with passenger vehicles rising +20.6% YoY to 1,276,073 units and two-wheelers up +16.9% YoY to 5,696,238 units, supported by policy-driven affordability tailwinds.
- Passenger vehicle sales totaled 1,276,073 units in Q3 FY2025-26 (highest-ever Q3), up +20.6% YoY, with SIAM citing improved affordability from GST rate reductions, income tax relief, and repo rate cuts supporting festive-quarter demand.
- Calendar-year passenger vehicle sales reached a record 4,489,717 units in Jan–Dec 2025, up +5.0% YoY, with SIAM pointing to Q3 strength as the main driver of full-year growth.
- Passenger vehicle exports rose to a record 225,000 units in Q3 (+11.7% YoY), while Jan–Dec 2025 exports hit 863,000 units (+16.0% YoY), with SIAM noting steady demand across the Middle East, Africa, and Latin America.
- Two-wheeler sales rose to a record 5,700,000 units in Q3 (+16.9% YoY), crossing 5 million for the first time, reflecting what SIAM described as the strongest festive season in recent years alongside policy support.
- Full-year two-wheeler sales reached 20,500,639 units in Jan–Dec 2025 (+4.9% YoY), crossing 20 million, though SIAM noted sales remain below the 2018 peak.
- Three-wheeler sales posted a record 215,211 units in Q3 (+14.0% YoY), while Jan–Dec 2025 sales reached 788,429 units (+8.2% YoY), with SIAM attributing strength to increased economic activity and mobility demand.
- Commercial vehicle sales climbed to a record 290,085 units in Q3 (+21.5% YoY), and Jan–Dec 2025 sales totaled 1,027,877 units (+7.7% YoY), with SIAM linking demand to festive momentum and stronger freight activity.
- December 2025 production totaled 2,633,506 units, while December domestic sales included passenger vehicles 399,216, two-wheelers 1,541,036, and three-wheelers 61,924, indicating sustained high-volume activity late in the year.
- Total passenger vehicles sales in December excluding Tata Motors was 349,170, up 29.0% YoY.
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India’s auto sales posted strong YoY growth in November 2025, extending festive-season momentum across vehicle segments.
- Total production of passenger vehicles, two-wheelers, three-wheelers, and quadricycles reached 2.94M units in November, indicating elevated manufacturing activity during the month.
- Passenger vehicle sales totaled 412,405 units (+18.7% YoY), marking the highest-ever November sales and reflecting broad strength in dealer dispatches.
- Two-wheeler sales rose to 1.94M units (+21.2% YoY), showing particularly strong growth relative to other segments.
- Three-wheeler sales reached 71,999 units (+21.3% YoY), also recording the highest November level on record.
- All three major domestic sales segments posted double-digit YoY growth, underscoring synchronized demand strength across the auto market.
- Reported passenger vehicle figures include Tata Motors, while excluding BMW, Mercedes, JLR, and Volvo Auto; excluding Tata Motors, PV sales would have been 354,969 units.
- SIAM noted that festive demand and GST 2.0 reforms supported November performance, with industry sentiment remaining constructive heading into 2026.
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India’s auto sector saw strong festive-season momentum in October 2025, with passenger vehicle, two-wheeler, and three-wheeler sales all rising YoY and dispatches reaching record monthly levels, reflecting improved demand alongside the GST rate reduction.
- Passenger vehicle (PV) sales reached 460,739 units in October, rising +17.2% YoY, marking the segment’s highest-ever dealer dispatches, helped by festive demand and GST cuts.
- Two-wheeler sales totaled 2,210,727 units, up +2.1% YoY, showing steady but more moderate growth relative to PVs.
- Three-wheeler sales were 81,288 units, increasing +5.9% YoY, supported by continued strength in urban transport demand.
- Total industry production across PVs, two-wheelers, three-wheelers, and quadricycles reached 2.80 million units, highlighting strong supply-chain throughput despite some logistical constraints noted by SIAM.
- PV totals exclude BMW, Mercedes, JLR and Volvo Auto, and two-wheeler and three-wheeler data reflect wholesale dispatches to dealers; without Tata Motors, October PV totals would have been 399,605 units, underscoring Tata’s sizable contribution to monthly volumes.
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India’s auto industry saw mixed results in Q2 FY2025–26, with total vehicle sales showing strong export performance and robust gains in two- and three-wheelers, while passenger vehicle demand began to recover late in the quarter amid GST relief and festive buying.
- Passenger vehicle sales totaled 1.04 million units in Q2 FY2025–26, down -1.5% YoY, though September sales rose +4.4% MoM on improved sentiment and GST cuts; utility vehicles declined -2.1% YoY while passenger cars were flat.
- Passenger vehicle exports hit a record 242,000 units, up +23% YoY, underscoring strong overseas demand.
- Two-wheeler sales reached 5.56 million units, up +7.4% YoY, with scooters (+12.4%) outpacing motorcycles (+5.0%); exports also reached a record 1.3 million units (+25% YoY).
- Three-wheeler sales rose +9.8% YoY to a record 229,000 units, driven by passenger carriers and stronger urban transport demand; exports surged +51% YoY to 123,000 units.
- Commercial vehicle sales grew +8.3% YoY to 240,000 units, supported by freight, logistics, and construction activity; exports increased +22% YoY to 24,000 units.
- For September 2025 alone, production totaled 3.07 million vehicles, with domestic sales of 372,458 passenger vehicles, 84,077 three-wheelers, and 2.16 million two-wheelers, each posting record monthly levels despite GST 2.0 taking effect only in the final nine days.
- Industry leaders expect continued growth in H2 FY2025–26, supported by a longer festive season, healthy agricultural output, and stronger rural and urban demand under stable macroeconomic conditions.
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India’s auto industry produced 2,693,049 vehicles in August 2025, while domestic sales showed mixed performance across segments, with passenger vehicles down but two-wheelers and three-wheelers higher YoY.
- Passenger vehicle sales were 321,840 units in August 2025, down -8.8% YoY, reflecting reduced dispatches by manufacturers.
- Without Tata Motors, passenger vehicle sales would have been 280,839 units.
- Three-wheeler sales reached 75,759 units, up 8.3% YoY, marking the strongest August on record for this segment.
- Two-wheeler sales totaled 1,833,921 units, a 7.1% YoY increase, showing continued resilience in the mass-market segment.
- Total industry production, covering passenger vehicles, three-wheelers, two-wheelers, and quadricycles, stood at 2,693,049 units in August 2025.
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India’s total auto production reached 2,698,519 units in July 2025, with most segments showing YoY growth but passenger vehicles remaining slightly weaker.
- Passenger vehicle sales were 340,772 units in July 2025, down -0.2% YoY, indicating subdued demand in this segment.
- Three-wheeler sales hit a July record at 69,403 units, up 17.5% YoY, marking the segment’s strongest July performance ever.
- Two-wheeler sales rose to 1,567,267 units, up 8.7% YoY, reflecting solid demand in the mass mobility segment.
- Without Tata Motors data, total passenger vehicle sales would have been 301,251 units, highlighting the brand’s significant contribution to the segment.
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India’s total auto production reached 2,364,868 units in June 2025. Domestic sales for the month included 312,849 passenger vehicles, 61,828 three-wheelers, and 1,559,851 two-wheelers.
- Q1 FY25-26 passenger vehicle sales totaled 1.01 million units, down -1.4% YoY, though UVs grew 3.8% YoY and now make up 66% of the segment.
- Two-wheeler sales fell -6.2% YoY in Q1, but retail registrations rose 5% due to festive demand; scooter share increased by 2.15 pp YoY.
- Three-wheeler sales hit a Q1 record at 165,000 units (+0.1% YoY); exports surged 34.4% YoY to 96,000 units.
- Commercial vehicle sales declined -0.6% YoY in Q1, though exports rose 23.4% YoY.
- Industry outlook for Q2 is cautiously optimistic, supported by festive demand, RBI rate cuts, and strong rural recovery, though supply risks from China’s export curbs on rare earths remain a concern.
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Total Indian vehicle production in May 2025 reached 2,582,207 units, including passenger vehicles, two-wheelers, and three-wheelers.
- Passenger Vehicle sales were 344,656 units, down -0.8% YoY, though still the second-highest May on record. Excluding Tata Motors, Passenger Vehicle sales were 303,099 units.
- Three-wheeler sales declined -3.3% YoY to 53,942 units.
- Two-wheeler sales rose 2.2% YoY to 1,655,927 units.
- Industry outlook is supported by 100 bps of RBI rate cuts and expectations of above-normal monsoons.
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Total production of vehicles in April 2025 reached 2,318,882 units, with Passenger Vehicles sales at 348,847 units.
- Passenger Vehicle sales increased 3.9% YoY, reaching a record high of 348,847 units for April 2025.
- Three-wheeler sales declined marginally by -0.7% YoY, reaching 49,441 units.
- Two-wheeler sales decreased -16.7% YoY to 1,458,784 units, attributed to a high base effect from April 2024.
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Total passenger vehicle sales in March was 381,358, up 1.0% MoM.
- Total 3-wheeler sales jumped 8.7% MoM, and total 2-wheeler sales jumped 19.7% MoM.
- In FY2024-2025 (April 2024-March 2025), industry grew 7.3% in domestic sales, continuing its upward trajectory, and exports rose by 19.2%, reflecting strong global demand.
- Passenger Vehicles posted its highest ever sales in FY 2024-25 of 4.3 million units, with a growth of 2% as compared to FY 2023-24.
- Two-Wheelers with sales of 19.6 million units registered a good growth momentum of 9.1% in FY 2024-25 over FY 2023-24.
- Three-Wheelers posted its highest ever sales in FY 2024-25 of 740,000 with a growth of 6.7% as compared to previous year.
- Total EV registrations in the country reached 1.97 million units in FY 2024-25 compared to 1.68 million units FY 2023-24 posting a growth of 16.9%.
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