Passenger Vehicle (PV) Sales Q2 FY 2025-26: Maruti Suzuki Leads, 10,13,520 Units, Up 4.7% YoY
Every passenger vehicle (cars, UVs and taxis) registered in India over Q2 FY 2025-26 — July 2025 to September 2025. Q2 of the financial year, July to September. Month-by-month volumes, the manufacturer leaderboard, how the segment moved against the rest of the market, and the same window in every earlier year on record.
Passenger Vehicle sales month by month, Q2 FY 2025-26
India's passenger vehicle market registered 10,13,520 passenger vehicles in Q2 FY 2025-26. Volumes rose 4.7% against the 9,68,193 logged over the same 3 months of Q2 FY 2024-25.
Passenger vehicles (PV, also called 4W) are privately registered cars and UVs plus taxis and cabs, which Vahan books as a class of their own. In Q2 FY 2025-26 that was 9,26,034 cars and UVs and 87,486 taxis and cabs; taxis were 8.6% of the total. Against Q2 FY 2024-25, cars and UVs were +4.7% and taxis +4.8%.
July was the strongest month of the period at 3,47,509 passenger vehicles and September the quietest at 3,21,387, an average of 3,37,840 a month. Every one of those 3 months grew on the same month a year earlier.
July sits inside the monsoon, historically a soft month for urban showroom footfall and a strong one for farm equipment.
Q2 FY 2025-26 ran from July 2025 to September 2025 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of Q2 FY 2024-25.
Passenger vehicles accounted for 16.7% of everything registered in India over the period, up from 16.3% in Q2 FY 2024-25. The whole market ran to 60,62,099 vehicles over the same window, up 1.8% year on year.
Passenger Vehicle registrations by month — Q2 FY 2025-26 vs Q2 FY 2024-25
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of Q2 FY 2025-26, with the matching month of Q2 FY 2024-25 beside it.
| Month | Q2 FY 2025-26 units | Q2 FY 2024-25 units | YoY | Share of period |
|---|---|---|---|---|
| July 2025 | 3,47,509 | 3,42,976 | +1.3% | 34.3% |
| August 2025 | 3,44,624 | 3,31,441 | +4.0% | 34.0% |
| September 2025 | 3,21,387 | 2,93,776 | +9.4% | 31.7% |
Each month links through to its own full report.
Which manufacturer sold the most, Q2 FY 2025-26
Maruti Suzuki led the period with 3,99,477 registrations, up 2.5% on Q2 FY 2024-25. Hyundai follows on 1,28,147, 2,71,330 behind — a gap of 3.12x.
The fastest riser in the top 8 was Tata Motors (EV), up 60.9% to 22,045, while Hyundai was down 2.8% at 1,28,147.
Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's passenger vehicle volume over Q2 FY 2025-26. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — Q2 FY 2025-26
Registrations inside the segment (passenger vehicles only).
Exact registrations over July 2025 to September 2025, with the change against Q2 FY 2024-25.
| # | Manufacturer | Q2 FY 2025-26 units | Share of passenger vehicles | vs Q2 FY 2024-25 |
|---|---|---|---|---|
| 1 | Maruti Suzuki | 3,99,477 | 39.42% | +2.5% |
| 2 | Hyundai | 1,28,147 | 12.64% | −2.8% |
| 3 | Mahindra | 1,23,502 | 12.19% | +2.9% |
| 4 | Tata Motors (PV) | 1,03,311 | 10.19% | −2.6% |
| 5 | Toyota Kirloskar | 77,485 | 7.65% | +12.4% |
| 6 | Kia India | 59,071 | 5.83% | +2.8% |
| 7 | Skoda | 25,156 | 2.48% | +30.1% |
| 8 | Tata Motors (EV) | 22,045 | 2.18% | +60.9% |
| 9 | MG Motor | 19,264 | 1.90% | +60.2% |
| 10 | Honda Cars | 12,942 | 1.28% | −12.2% |
| 11 | Mahindra Electric Automobile | 9,698 | 0.96% | — |
| 12 | Renault India | 7,478 | 0.74% | −15.7% |
| 13 | Nissan India | 4,425 | 0.44% | −26.9% |
| 14 | BMW India | 4,232 | 0.42% | +23.1% |
| 15 | Mercedes-Benz | 4,009 | 0.40% | +1.4% |
Passenger Vehicle sales against the rest of the market
Set against the rest of the market, passenger vehicles outgrew the national picture over Q2 FY 2025-26: +4.7% against +1.8% for every vehicle registered in India.
The table covers every segment Vahan reports over the same 3-month window, so the comparison is like for like — the same months, the same source, on both sides.
Passenger Vehicle share of the Indian market, month by month
Passenger vehicles as a percentage of every vehicle registered that month.
Exact segment volumes over July 2025 to September 2025.
| Segment | Q2 FY 2025-26 units | Share | vs Q2 FY 2024-25 |
|---|---|---|---|
| Two-Wheelers | 41,95,480 | 69.21% | +0.5% |
| Cars & UVs | 9,26,034 | 15.28% | +4.7% |
| Three-Wheelers | 3,35,796 | 5.54% | +0.4% |
| Tractors | 2,42,415 | 4.00% | +14.3% |
| Goods Carriers | 1,97,801 | 3.26% | +1.6% |
| Taxis & Cabs | 87,486 | 1.44% | +4.8% |
| Other classes | 42,440 | 0.70% | +0.9% |
| Buses | 34,647 | 0.57% | +13.8% |
What passenger vehicles run on
Vahan splits a segment by fuel only across a whole calendar year, so this table covers full-year 2025 rather than Q2 FY 2025-26 alone — it is exact for that window.
Petrol accounts for 48.4% of passenger vehicle registrations over full-year 2025, with battery-electric at 4.2%.
Passenger Vehicle registrations by fuel — full-year 2025
The full-year 2025 mix.
| Fuel | 2025 units | Share | vs full-year 2024 |
|---|---|---|---|
| Petrol | 22,41,848 | 48.43% | −4.23pp |
| CNG / LPG | 9,89,224 | 21.37% | +3.18pp |
| Diesel | 8,34,247 | 18.02% | −0.21pp |
| Hybrid | 3,67,463 | 7.94% | −0.48pp |
| Electric | 1,95,852 | 4.23% | +1.74pp |
| Other | 683 | 0.01% | +0.01pp |
Every Q2 on record
Across the 3 completed windows in our Vahan record, passenger vehicle registrations went from 9,68,193 in Q2 FY 2024-25 to 12,81,159 in Q2 FY 2026-27, up 32.3% over the stretch.
Passenger Vehicle registrations by quarter
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| Q2 FY 2026-27 | 3 | 12,81,159 | +26.4% |
| Q2 FY 2025-26 | 3 | 10,13,520 | +4.7% |
| Q2 FY 2024-25 | 3 | 9,68,193 | −2.0% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Frequently asked questions
How many passenger vehicles were sold in India in Q2 FY 2025-26?
What counts as a passenger vehicle (PV)?
What period does Q2 FY 2025-26 cover?
Which manufacturer sold the most passenger vehicles in Q2 FY 2025-26?
Which was the strongest month for passenger vehicle sales in Q2 FY 2025-26?
What share of the Indian market were passenger vehicles in Q2 FY 2025-26?
Which quarter had the highest passenger vehicle sales?
Are these retail sales or factory dispatches?
Passenger Vehicle sales, other periods
More from the reports desk
Source. Every figure is a vehicle registration, taken from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
