[REVISION HISTORY]

India auto market expands SUV, EV, and cleaner-fuel segments

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2026-11-03 09:10 UTC → 2026-11-05 03:32 UTC · added ~~removed~~

India’s automotive industry is undergoing a structural shift toward electrification and alternative fuels. In August 2026, cleaner-fuel vehicles, including electric (EV), hybrid, and compressed natural gas (CNG) models, surpassed petrol sales for the first time, accounting for 41.95% of passenger vehicle sales. The SUV segment continues to show strength. Between October 2025 and September 2026, utility vehicles grew 25.3% and mid-size SUVs saw a 42.4% increase. ~~Passenger-vehicle retail registrations rose 22% year-on-year during~~ In the ~~same period, reaching~~ first half of fiscal year 2026–27, Tata Motors reclaimed its position as India’s second-largest passenger vehicle manufacturer, overtaking Mahindra & Mahindra. Tata recorded approximately ~~5.35 million units, though sedan registrations declined~~ 3.91 lakh passenger vehicle dispatches, a 42.8% year-on-year growth, resulting in a 14.82% market share. This performance was driven by ~~19.6%.~~ its SUV portfolio, specifically the Punch and Nexon models, which saw utility vehicle dispatches increase by approximately 59%. In the electric vehicle sector, two-wheeler adoption is surging. ~~Electric vehicles accounted for 9.9% of all two-wheeler sales in~~ While entry-level demand has slowed due to pressures on household cash flows, the ~~first five months of FY27. In October 2026,~~ electric two-wheeler ~~registrations grew 2.9% month-on-month to 214,654 units, a 48.1% increase compared to the previous year. TVS Motor maintained a 27.2% market share, while Hero MotoCorp~~ segment saw ~~a 17.5% jump~~ significant expansion in ~~registrations. Conversely,~~ September 2026, with listed model sales rising 67.5% year-on-year. The TVS iQube led this segment with 45,320 units, followed by the Bajaj ~~Auto, Ather Energy,~~ Chetak and ~~Ola Electric reported declines in market share or registrations.~~ Hero Vida. Corporate performance remains varied. Tata Motors reported a 42% year-on-year increase in standalone revenue to ₹23,930 crore for Q2 FY27, ~~driven by commercial vehicle demand,~~ though rising commodity prices impacted margins. In October 2026, Maruti Suzuki and Hyundai Motor India both reported record monthly wholesale ~~numbers. However,~~ numbers, though retail data from the Federation of Automobile Dealers Associations indicated that vehicle retail during the Navratri period was down 6.52% compared to the previous year.

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