Indian Passenger Vehicle Market H1 FY 2026

The Indian Passenger Vehicle market declined by 1.4%, the car segment decreased by 5.8%, and combined sales of SUVs and MUVs registered minor growth of 0.7% in H1 FY 2026 compared to H1 FY 2025. In the same period, Production of the Indian Passenger Vehicle grew by 3.8%, and exports grew by 18.4% in the first half of the current financial year.

In Q2 FY 2026, Car sales in India declined by 11.2% compared to Q2 FY 2025. SUV and MUV combined sales grew by 3.8% in Q1 FY 2026. In the first half of FY 2026, passenger vehicle exports were around 0.2 M units.

The sales declined because the Demand for the Value Plus segment decreased.

Indian PV Brand-wise Market Share in H1 FY 2026:

In Q2 FY 2026, Car sales in India registered a 11.2% degrowth compared to Q2 FY 2025. The SUV and MUV combined sales grew by 3.8% in Q1 FY 2026. The passenger vehicle exports were around 0.2M units in the first half of FY 2026. Under the new market dynamics, it is challenging for Maruti Suzuki to increase or keep its existing market share. In H1 FY 2026, Maruti lost 2% market share.

Hyundai, which has a firm grip on the Indian car and SUV market, lost 1% of its market share in the first half of the financial year.

Mahindra continuously increases its market share by launching new models with digital technology features. Toyota and Skoda are the other brands that increased their market share in H1 FY 2026 compared to H1 FY 2025.

Skoda, Kia, Mahindra, and Toyota sales grew by 55%, 3%, 13%, and 9% in H1 FY 2026 compared to the last half of the financial year.

BYD Monthly Car Sales Trend:

BYD sales are growing in India because of its attractive looks and price point. The company registered 82% growth in the last nine months of 2025. The monthly sales of BYD Electric cars have had a zigzag pattern. Its performance and design are adding value.

BYD’s 38% sales are coming from Delhi and Maharashtra. This shows that its customers are mainly in metro cities; Ahmedabad is also a growing market for the company. Our Electric Car survey found that 66% of potential buyers have struggled to get a demo for the last three months.

Kerala, Karnataka, and Tamil Nadu contributed 32% of sales in the first nine months of 2025. However, these five states have a 70% market share for BYD in India.

The company’s average over the last three months has been around 500 cars per month. During the festive season, BYD Electric car sales grew by 19.3% in September 2025 compared to the previous month.

This is part of our Monthly Indian Passenger Vehicle Market report and Data. To subscribe to the Monthly PV Deep Analytics report and data, please get in touch with Info@autobei.com