The Indian automotive industry has crossed a significant milestone in Fiscal Year 2026, showcasing a robust 13.0% Year-on-Year (YoY) growth. According to the latest VAHAN data from FADA (Federation of Automobile Dealers Association), total passenger vehicle sales surged to 47,05,056 units, up from 41,63,927 in FY2025.
Disclaimer:
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The above numbers do not have figures from TS.
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Vehicle Retail Data has been collated as on 02.04.26 in collaboration with the Ministry of Road Transport & Highways, Government of India, and has been gathered from 1,463 out of 1,466 RTOs.
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Maruti Suzuki remains the undisputed leader, delivering a staggering 18.68 lakh units. While it grew by 11.6%, its market share saw a slight dip of 0.5%, settling at 39.7%.
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The real story of the year is Mahindra, which has officially claimed the #2 spot. With a powerful 22.2% growth rate, Mahindra overtook Tata Motors by a margin of roughly 18,000 units, capturing 13.4% of the total market.
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Tata maintains a solid third position with consistent growth backed by EVs and SUVs. It registered a YoY growth of 14.5% and MS increment of 0.2%.
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Despite being ranked Fourth, Hyundai had a modest 3.1% growth (well below the industry average of 13%), resulting in a significant 1.2% loss in market share, the largest drop of any manufacturer.
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Toyota continues its upward trajectory with hybrid models and strong SUV demand, further solidifying its premium positioning. It grew by 20.4% YoY and recorded a 0.4% Market Share increment.
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The combined group of Skoda + VW + Audi posted a healthy 29.8% growth, indicating that their localized strategies are paying off.
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Vinfast made its mark on the tally for the first time, recording 2,390 units in its inaugural year.
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Luxury carmakers maintain stable performance, with BMW showing stronger momentum and YoY growth.
We have also covered the Wholesale/Dispatch Volumes here.
