PV sales at record high with 47L units in FY26
Maruti, Tata and Mahindra lead the sales drive thanks to GST 2.0
image for illustrative purpose
New Delhi: Passenger vehicle sales in India scaled a new high of 47 lakh units in 2025-26, riding on record performance by automakers such as Maruti Suzuki India, Tata Motors and Mahindra & Mahindra with GST 2.0 revving up sales in the second half of the fiscal.
While the industry is looking forward to carrying forward the sales momentum in the new fiscal, it is closely monitoring the West Asia war to mitigate potential supply-side risks and the possibility of impact on demand due to price hikes taken to offset rise in commodity prices.
The year 2025-26 was a year of two halves with a challenging first half followed by a boost in the second half with GST rate reduction in September 2025 acting as a "demand unlock", ultimately helping the industry clock sales of around 47 lakh units, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Partho Banerjee told reporters in a virtual interaction.
In 2024-25, the total industry PV sales were at around 43.4 lakh units, he added.He said the tailwinds of rebate in income tax, repo rate cut by RBI along with GST 2.0 continue to drive the PV sales but there is a headwind of commodity price increase, which will force automakers, including Maruti Suzuki to hike prices and it could have an impact on price sensitive segment such as the small cars.
The company will soon take a call to hike prices to partially pass on the impact of commodity price rise, he said.
Banerjee said for Maruti Suzuki,"For the whole year we have done the highest ever sales of 24,22,713 units. It's the highest ever in the history of Maruti...had Maruti been a country, it would have been the sixth largest country in the world (in terms of PV sales), after the five major big countries."
In 2024-25, the company's sales were at 22,34,266 units. Tata Motors Passenger Vehicles Ltd MD and CEO Shailesh Chandra said,"PV industry sales are expected to reach record volumes of 4.7 million units for the year, reflecting 8 per cent year-on-year (YoY) growth." The industry witnessed a strong rebound in the second half, posting double-digit growth, supported by GST 2.0 implementation and a robust festive season, he added.
