Maruti Suzuki India, Tata Motors and Toyota post strong double-digit gains India’s passenger vehicle market concluded the fiscal year 2026 on a robust note, with Maruti Suzuki India, Tata Motors, and Toyota Kirloskar Motor all reporting significant double-digit growth. The performance underscored the resilience of the sector amid evolving consumer preferences and strategic initiatives by key players. Maruti Suzuki India led the charge with a year-on-year (YoY) sales growth of 16.72 percent in March 2026, selling 225,251 units compared to 192,984 units in the same period the previous year. Domestic passenger vehicle sales totaled 169,428 units, while exports surged to 47,040 units, and supplies to other original equipment manufacturers (OEMs) reached 8,783 units. For the full fiscal year, the company achieved approximately 3 percent growth, driven by sustained demand for compact cars and a notable rise in export volumes. Maruti also set a record for its highest-ever export volume, surpassing 4.47 lakh vehicles, marking a 34 percent increase from the previous year. Tata Motors Passenger Vehicles also delivered a strong performance, recording its highest-ever annual sales of around 6.42 lakh units in FY26—a 15 percent growth that nearly doubled the industry’s average. The company secured the second position in the second half of the year based on wholesale and registration data. Its electric vehicle (EV) segment saw significant traction, with EV sales crossing 92,000 units, a 43 percent YoY increase. The CNG (compressed natural gas) segment also performed well, growing 24 percent to approximately 1.72 lakh units. In the fourth quarter, Tata Motors achieved its highest-ever quarterly sales, exceeding 2 lakh units with a 37 percent growth rate.#fiscal_year_2026 #maruti_suzuki_india #tata_motors_passenger_vehicles #toyota_kirloskar_motor #indian_automotive_sector
