Passenger Vehicle (PV) Sales Q2 FY 2026-27: Maruti Suzuki Leads, 12,81,159 Units, Up 26% YoY
Every passenger vehicle (cars, UVs and taxis) registered in India over Q2 FY 2026-27 — July 2026 to September 2026. 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 2026-27
India's passenger vehicle market registered 12,81,159 passenger vehicles in Q2 FY 2026-27. Volumes accelerated 26.4% against the 10,13,520 logged over the same 3 months of Q2 FY 2025-26.
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 2026-27 that was 11,63,238 cars and UVs and 1,17,921 taxis and cabs; taxis were 9.2% of the total. Against Q2 FY 2025-26, cars and UVs were +25.6% and taxis +34.8%.
September was the strongest month of the period at 4,38,399 passenger vehicles and August the quietest at 4,14,999, an average of 4,27,053 a month. Every one of those 3 months grew on the same month a year earlier.
September is the quiet month before the festive peak — buyers routinely defer registrations into the auspicious October window.
Q2 FY 2026-27 ran from July 2026 to September 2026 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 2025-26.
Passenger vehicles accounted for 16.7% of everything registered in India over the period, down from 16.7% in Q2 FY 2025-26. The whole market ran to 76,73,875 vehicles over the same window, up 26.6% year on year.
Passenger Vehicle registrations by month — Q2 FY 2026-27 vs Q2 FY 2025-26
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of Q2 FY 2026-27, with the matching month of Q2 FY 2025-26 beside it.
| Month | Q2 FY 2026-27 units | Q2 FY 2025-26 units | YoY | Share of period |
|---|---|---|---|---|
| July 2026 | 4,27,761 | 3,47,509 | +23.1% | 33.4% |
| August 2026 | 4,14,999 | 3,44,624 | +20.4% | 32.4% |
| September 2026 | 4,38,399 | 3,21,387 | +36.4% | 34.2% |
Each month links through to its own full report.
Which manufacturer sold the most, Q2 FY 2026-27
Maruti Suzuki led the period with 5,07,045 registrations, up 26.9% on Q2 FY 2025-26. Mahindra follows on 1,49,024, 3,58,021 behind — a gap of 3.40x.
The fastest riser in the top 8 was Tata Motors (EV), up 99.0% to 43,873, while Skoda was broadly flat (−0.1%) at 25,124.
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 2026-27. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — Q2 FY 2026-27
Registrations inside the segment (passenger vehicles only).
Exact registrations over July 2026 to September 2026, with the change against Q2 FY 2025-26.
| # | Manufacturer | Q2 FY 2026-27 units | Share of passenger vehicles | vs Q2 FY 2025-26 |
|---|---|---|---|---|
| 1 | Maruti Suzuki | 5,07,045 | 39.58% | +26.9% |
| 2 | Mahindra | 1,49,024 | 11.63% | +20.7% |
| 3 | Hyundai | 1,48,392 | 11.58% | +15.8% |
| 4 | Tata Motors (PV) | 1,30,262 | 10.17% | +26.1% |
| 5 | Toyota Kirloskar | 86,372 | 6.74% | +11.5% |
| 6 | Kia India | 78,530 | 6.13% | +32.9% |
| 7 | Tata Motors (EV) | 43,873 | 3.42% | +99.0% |
| 8 | Skoda | 25,124 | 1.96% | −0.1% |
| 9 | Mahindra Electric Automobile | 21,886 | 1.71% | +125.7% |
| 10 | MG Motor | 20,360 | 1.59% | +5.7% |
| 11 | Honda Cars | 16,619 | 1.30% | +28.4% |
| 12 | Renault India | 10,355 | 0.81% | +38.5% |
| 13 | Nissan India | 8,639 | 0.67% | +95.2% |
| 14 | Vinfast Auto India | 7,086 | 0.55% | +118000.0% |
| 15 | BMW India | 5,316 | 0.41% | +25.6% |
Passenger Vehicle sales against the rest of the market
Set against the rest of the market, passenger vehicles lagged the national picture over Q2 FY 2026-27: +26.4% against +26.6% 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 2026 to September 2026.
| Segment | Q2 FY 2026-27 units | Share | vs Q2 FY 2025-26 |
|---|---|---|---|
| Two-Wheelers | 53,60,376 | 69.85% | +27.8% |
| Cars & UVs | 11,63,238 | 15.16% | +25.6% |
| Three-Wheelers | 3,99,604 | 5.21% | +19.0% |
| Tractors | 2,84,889 | 3.71% | +17.5% |
| Goods Carriers | 2,62,659 | 3.42% | +32.8% |
| Taxis & Cabs | 1,17,921 | 1.54% | +34.8% |
| Other classes | 47,610 | 0.62% | +12.2% |
| Buses | 37,578 | 0.49% | +8.5% |
What passenger vehicles run on
Vahan splits a segment by fuel only across a whole calendar year, so this table covers 2026 year to date rather than Q2 FY 2026-27 alone — it is exact for that window.
Petrol accounts for 43.4% of passenger vehicle registrations over 2026 year to date, with battery-electric at 6.6%.
Passenger Vehicle registrations by fuel — 2026 year to date
The 2026 year to date mix.
| Fuel | 2026 units | Share | vs full-year 2025 |
|---|---|---|---|
| Petrol | 18,84,333 | 43.35% | −5.07pp |
| CNG / LPG | 10,35,607 | 23.83% | +2.46pp |
| Diesel | 7,67,849 | 17.67% | −0.36pp |
| Hybrid | 3,72,063 | 8.56% | +0.62pp |
| Electric | 2,85,816 | 6.58% | +2.35pp |
| Other | 874 | 0.02% | +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 2026-27?
What counts as a passenger vehicle (PV)?
What period does Q2 FY 2026-27 cover?
Which manufacturer sold the most passenger vehicles in Q2 FY 2026-27?
Which was the strongest month for passenger vehicle sales in Q2 FY 2026-27?
What share of the Indian market were passenger vehicles in Q2 FY 2026-27?
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.
