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Informist, Tuesday, Apr. 14, 2026

 

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--SIAM: FY26 motorcycle output at 17.44 mln units, up 10% on year
--SIAM: FY26 scooter output at 8.72 mln units, up 17% on year
--SIAM: FY26 light CV output at 711,644 units, up 11% on year
--SIAM: FY26 medium, heavy CV output at 458,506 units, up 16% on year
--SIAM: FY26 CV output at 1.17 mln units, up 13% on year
--SIAM: FY26 India medium, heavy CV sales at 422,998 units, up 13% on year
--SIAM: FY26 India light CV sales at 656,873 units, up 13% on year
--SIAM: FY26 CV exports at 94,793 units, up 17% on year
--SIAM: FY26 India CV sales at 1.08 mln units, up 13% on year
--SIAM: FY26 3-wheeler exports at 460,567 units, up 50% on year
--SIAM: FY26 passenger vehicle exports at 905,200 units, up 18% on year
--SIAM: FY26 2-wheeler exports at 5.18 mln units, up 23% on year
--SIAM: India FY26 total vehicle output 34.71 mln units, up 12% on year
--SIAM: India FY26 total vehicle exports 6.65 mln units, up 24% on yr
--SIAM:India Jan-Mar total medium, heavy CV sales 139,937 units, up 21% on yr
--SIAM: India Jan-Mar total light CV sales 185,525 units, up 17% on year
--SIAM: India Jan-Mar total CV sales 325,462 units, up 19% on year
--SIAM: India FY26 total vehicle sales 28.27 mln units, up 10% on year
--SIAM: India FY26 2-wheeler sales 21.71 mln units, up 11% on year
--SIAM: India FY26 passenger vehicle sales 4.64 mln units, up 8% YoY
--SIAM: Jan-Mar 3-wheeler exports 113,831 units, up 45% on year
--SIAM: Jan-Mar 2-wheeler exports 1.38 mln units, up 21% on year
--SIAM: Jan-Mar passenger vehicle exports 234,270 units, up 22% on year
--SIAM: Jan-Mar 3-wheeler output 345,335 units, up 32% on year
--SIAM: Jan-Mar 2-wheeler output 7.10 mln units, up 21% on year
--SIAM: Jan-Mar passenger vehicle output 1.57 mln units, up 11% on year
--SIAM: Jan-Mar total vehicle exports at 1.75 mln units, up 23% on year
--SIAM: India Jan-Mar 3-wheeler sales 226,571 units, up 27% on year
--SIAM: India Jan-Mar motorcycle sales 3.39 mln units, up 21% on year
--SIAM: India Jan-Mar scooter sales 2.24 mln units, up 36% on year
--SIAM: India Jan-Mar 2-wheeler sales 5.77 mln units, up 26% on year
--SIAM: India Jan-Mar total vehicle sales 7.64 mln units, up 24% on year
--SIAM: India Jan-Mar passenger vehicle sales 1.32 mln units, up 13% on year
--SIAM: Mar 3-wheeler output 116,890 units, up 34% on year
--SIAM: Mar 2-wheeler output 2.40 mln units, up 22% on year
--SIAM: Mar passenger vehicle output 461,099 units, up 9% on year
--SIAM: Mar total vehicle exports at 546,264 units, up 16% on year
--SIAM: Mar India total goods carrier sales at 13,367 units, up 15% on year
--SIAM: Mar India total passenger carrier sales at 61,264 units, up 23% on yr
--SIAM: Mar total e-rickshaw sales at 972 units, down 9% on year
--SIAM: India Mar 3-wheeler sales 762,273 units, up 21% on year
--SIAM: India Mar motorcycle sales 1.17 mln units, up 13% on year
--SIAM: India Mar scooter sales 761,422 units, up 29.8% on year
--SIAM: India Mar 2-wheeler sales 1.98 mln units, up 19.3% on year
--SIAM: India Mar passenger vehicle sales 442,460 units, up 16% on year

 

MUMBAI - A strong performance by the two-wheeler and passenger vehicle segments in March helped the Indian automobile industry close 2025-26 (Apr-Mar) on a robust footing, data from the Society of Indian Automobile Manufacturers showed Tuesday. Wholesale sales of automobiles in March rose 18% on year to 2.97 million units, while for FY26, sales were up nearly 13% at 34.91 million units.

 

Wholesale sales of two-wheelers in India climbed 19% on year to 1.98 million units in March. Growth in scooter sales outpaced that of motorcycles in the final month of FY26. Companies sold 761,422 scooters in March, up almost 30% on year, and 1.17 million motorcycles, up nearly 13% on year. 

 

Exports of two-wheelers in March rose almost 18% on year to 428,622 units. The segment's production grew 22% on year to 2.40 million units.

 

In March, despatches of passenger vehicles in India rose 16% on year to 442,460 units, while exports grew only 2% on year to 78,922 units - flagging stable demand back home amid supply chain disruption overseas due to the ongoing West Asia war. Production of passenger vehicles grew 9% on year to 461,099 units.

 

Three-wheeler domestic wholesale sales grew 21% on year to 76,273 units in March. Growth continued to be led by passenger carriers, the biggest sub-segment.

 

Companies despatched 61,264 passenger carriers in India in March, up 23% on year, and 13,367 goods carriers, up 15%. It was a mixed bag for electric three-wheelers in March as sales of electric rickshaws fell 9% on year to 972 units, while despatches of electric carts zoomed 73% to 670 units.  

 

Q4 & FY26
Companies sold 9.40 million automobiles in the March quarter, up 23% on year. Of this, domestic sales grew 24% on year to 7.64 million units, while exports rose 23% to 1.75 million units.

 

In FY26, companies sold 28.27 million automobiles in India, up 10% on year, and exported 6.65 million vehicles, up 24% on year. Automobile companies gained sharply from the cut in Goods and Services Tax effective from Sept. 22. Apr-Sept of FY26 remained soft in terms of offtake, with growth picking up sharply only in the second half of the financial year.

 

In the March quarter, two-wheeler sales in India hit a record high of 5.77 million units, up 26% on year, while their exports grew 21% on year to 1.38 million units. Companies amped up the production of two-wheelers amid this strong demand as output rose 21% on year to 7.06 million units in the March quarter. "While growth has been observed across both urban and rural markets, the current trend has been led primarily by urban demand," SIAM said in a press release.

 

Domestic two-wheeler sales in FY26 rose to a record high of 21.71 million units, up almost 11% on year, crossing the previous peak attained in FY19. "The implementation of GST 2.0 has spurred growth in both Q3 (Oct-Dec) and Q4 (Jan-Mar) for 2025-26. While H1 growth was flat at sub 1%, H2 posted growth of about 21.5% compared to previous H2," SIAM said.

 

A similar trend was observed in the passenger vehicle segment in the March quarter and FY26. Domestic wholesale sales in this segment hit a record high of 1.32 million units in the March quarter and 4.64 million units in FY26, up nearly 8% on year.

 

"H2 of 2025-26 posted a robust growth of 16.7% compared to 2024-25, whereas there was a (-)1.4?-growth in H1 in 2025-26, compared to previous H1," SIAM said, adding that there was an increase of over 80% on year in the registration of electric passenger vehicles in FY26.  

 

Despatches of three-wheelers too hit a record high in the March quarter and FY26. Companies sold 226,571 three-wheelers to dealerships in India in Jan-Mar, up 27% on year, and 836,231 units in FY26, up 13% on year. Exports in Jan-Mar climbed 45% on year to 113,831 units and in FY26, they rose 50% on year to 460,567 units.

 

"The performance of the three-wheeler segment is driven by increased economic activity, rising movement of people and goods, strengthening personal and commercial mobility needs for meeting the transportation needs in urban and semi-urban areas," SIAM said. "Demand has been further aided by the expansion of electric autorickshaws, issuance of new permits for ICE (internal combustion engine) three-wheelers by select state governments..." it said.

 

Domestic wholesale sales of commercial vehicles grew 19% on year to 325,462 units in the March quarter and increased 13% to 1.08 million units in FY26. "The roll-out of GST 2.0 reforms has provided a strong impetus to domestic CV sales, with consumption demand driving new vehicle purchases by fleet operators," SIAM said. Cuts in repo rate by the Reserve Bank of India have significantly lowered the total cost of ownership, easing financing for consumers, SIAM said. 

 

OUTLOOK
SIAM expects all automobile segments to grow in FY27, continuing the strong growth momentum seen in the second half of FY26.

 

"However, uncertainties arising from the West Asia conflict, particularly prices of crude oil and commodities, higher exchange rates and disruptions in shipping routes, remains a concern for the auto sector," SIAM said. "Stable geopolitical environment will help build confidence of the industry, which can, in turn, drive further growth in auto industry's performance in 2026-27," SIAM said.  

 

The Society of Indian Automobile Manufacturers detailed domestic vehicle sales figures for March as follows:

 

Segment	Mar-26	Feb-26	Mar-25	Year-on-year change (in %)
Passenger vehicles	376,268	355,376	329,742	14.1
Passenger cars	114,385	106,799	107,238	6.7
Utility vehicles	250,550	236,957	212,095	18.1
Vans	11,333	11,620	10,409	8.9
Two-wheelers	1,976,128	1,871,406	1,656,939	19.3
Scooters	761,422	729,774	586,485	29.8
Motorcycles	1,168,514	1,096,537	1,035,273	12.9
Mopeds	46,192	45,095	35,181	31.3
Three-wheelers	76,273	74,573	62,813	21.4
Quadricycles	0	0	0	--

 

* Data does not include sales numbers of BMW, Mercedes, Jaguar Land Rover, and Volvo Auto. Tata Motors domestic sales data is included only in 'Total PV', detailed break-up is not available.

 

The Society of Indian Automobile Manufacturers detailed vehicle production figures for March as follows:

 

Segment	Mar-26	Feb-26	Mar-25	Year-on-year change (in %)
Passenger vehicles	461,099	443,608	423,005	9.0
Passenger cars	155,274	147,277	149,985	3.5
Utility vehicles	292,782	283,391	261,255	12.1
Vans	13,043	12,940	11,765	10.9
Two-wheelers	2,399,551	2,311,594	1,966,574	22.0
Scooters	807,034	789,841	622,520	29.6
Motorcycles	1,544,128	1,475,389	1,305,588	18.3
Mopeds	48,389	46,364	38,466	25.8
Three-wheelers	116,890	108,154	87,219	34
Quadricycles	0	0	0	--

 

The Society of Indian Automobile Manufacturers detailed domestic vehicle sales figures for March quarter of 2025-26 (Apr-Mar) as follows:

 

Segment	Jan-Mar FY26	Jan-Mar FY25	Year-on-year change (in %)
Passenger vehicles	1,316,282	1,162,560	13.2
Passenger cars	375,659	376,772	(-)0.3
Utility vehicles	899,255	748,509	20.1
Vans	41,368	37,279	11.0
Commercial Vehicles	325,462	273,810	18.9
Medium-Heavy CVs	139,937	115,436	21.2
Light CVs	185,525	158,374	17.1
Two-wheelers	5,773,137	4,567,762	26.4
Scooters	2,241,776	1,647,469	36.1
Motorcycles	3,391,467	2,809,668	20.7
Mopeds	139,894	110,625	26.5
Three-wheelers	226,571	178,768	26.7
Quadricycles	0	4	--

 

* Data does not include sales numbers of BMW, Mercedes, Jaguar Land Rover, and Volvo Auto. Tata Motors domestic sales data is included only in 'Total PV', a detailed break-up is not available. 

 

The Society of Indian Automobile Manufacturers detailed domestic vehicle sales figures for 2025-26 (Apr-Mar) as follows:

 

Segment	FY26	FY25	Year-on-year change (in %)
Passenger vehicles	4,643,439	4,301,848	7.9
Passenger cars	1,378,771	1,353,287	1.9
Utility vehicles	3,105,025	2,797,229	11.0
Vans	159,643	151,332	5.5
Commercial Vehicles	1,079,871	958,679	12.6
Medium-Heavy CVs	422,998	374,798	12.9
Light CVs	656,873	583,881	12.5
Two-wheelers	21,705,974	19,607,332	10.7
Scooters	8,117,945	6,853,214	18.5
Motorcycles	13,064,789	12,252,305	6.6
Mopeds	523,240	501,813	4.3
Three-wheelers	836,231	741,420	12.8
Quadricycles	4	120	(-)96.7

 

* Data does not include sales numbers of BMW, Mercedes, Jaguar Land Rover, and Volvo Auto. Tata Motors domestic sales data is included only in 'Total PV', a detailed break-up is not available. 

 

End

 

Reported by Anand JC

Edited by Avishek Dutta

 

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