Passenger Vehicle (PV) Sales Q3 FY 2026-27 (So Far): 4,70,331 Units, Down 20.2% YoY
Every passenger vehicle (cars, UVs and taxis) registered in India over Q3 FY 2026-27 so far — October 2026. Q3 of the financial year, October to December. 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.
Live. Q3 FY 2026-27 is still in progress — this page grows as new registrations are published.
Passenger Vehicle sales month by month, Q3 FY 2026-27
India's passenger vehicle market registered 4,70,331 passenger vehicles in Q3 FY 2026-27 so far. Volumes dropped 20.2% against the 5,89,739 logged over the same month of Q3 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 Q3 FY 2026-27 so far that is 4,35,782 cars and UVs and 34,549 taxis and cabs; taxis are 7.3% of the total. Against the same month of Q3 FY 2025-26, cars and UVs are −20.8% and taxis −12.7%.
October is the festive peak. Navratri and Diwali make it the single biggest registration month of most years, so year-on-year comparisons swing on where the festivals fall.
Q3 FY 2026-27 still has 2 months to run. Held at the pace of the 1 months already counted, it would finish near 14.11 L passenger vehicles — a run rate rather than a forecast, and the festive quarter moves it more than anything else on this page.
Passenger vehicles accounted for 15.5% of everything registered in India over the period, up from 14.1% in Q3 FY 2025-26. The whole market ran to 30,33,135 vehicles over the same window, down 27.3% year on year.
Passenger Vehicle registrations by month — Q3 FY 2026-27 vs Q3 FY 2025-26
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of Q3 FY 2026-27, with the matching month of Q3 FY 2025-26 beside it.
| Month | Q3 FY 2026-27 units | Q3 FY 2025-26 units | YoY | Share of period |
|---|---|---|---|---|
| October 2026 | 4,70,331 | 5,89,739 | −20.2% | 100.0% |
Each month links through to its own full report.
Which manufacturer sold the most, Q3 FY 2026-27
Maruti Suzuki led the period with 1,95,512 registrations, down 21.6% on Q3 FY 2025-26. Hyundai follows on 54,615, 1,40,897 behind — a gap of 3.58x.
The fastest riser in the top 8 was Tata Motors (EV), up 64.0% to 13,497, while Skoda was down 35.5% at 8,632.
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 Q3 FY 2026-27. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — Q3 FY 2026-27
Registrations inside the segment (passenger vehicles only).
Exact registrations over October 2026, with the change against Q3 FY 2025-26.
| # | Manufacturer | Q3 FY 2026-27 units | Share of passenger vehicles | vs Q3 FY 2025-26 |
|---|---|---|---|---|
| 1 | Maruti Suzuki | 1,95,512 | 41.57% | −21.6% |
| 2 | Hyundai | 54,615 | 11.61% | −21.3% |
| 3 | Mahindra | 53,312 | 11.33% | −23.0% |
| 4 | Tata Motors (PV) | 52,713 | 11.21% | −25.6% |
| 5 | Kia India | 28,921 | 6.15% | −18.3% |
| 6 | Toyota Kirloskar | 26,716 | 5.68% | −29.6% |
| 7 | Tata Motors (EV) | 13,497 | 2.87% | +64.0% |
| 8 | Skoda | 8,632 | 1.84% | −35.5% |
| 9 | Mahindra Electric Automobile | 7,664 | 1.63% | +89.4% |
| 10 | MG Motor | 6,732 | 1.43% | +0.1% |
| 11 | Honda Cars | 5,149 | 1.09% | −33.7% |
| 12 | Renault India | 3,348 | 0.71% | −36.9% |
| 13 | Nissan India | 3,128 | 0.67% | +18.2% |
| 14 | Vinfast Auto India | 2,231 | 0.47% | +1471.1% |
| 15 | BMW India | 1,680 | 0.36% | +1.1% |
Passenger Vehicle sales against the rest of the market
Set against the rest of the market, passenger vehicles outgrew the national picture over Q3 FY 2026-27: −20.2% against −27.3% for every vehicle registered in India.
The table covers every segment Vahan reports over the same 1-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 October 2026.
| Segment | Q3 FY 2026-27 units | Share | vs Q3 FY 2025-26 |
|---|---|---|---|
| Two-Wheelers | 22,31,325 | 73.56% | −31.1% |
| Cars & UVs | 4,35,782 | 14.37% | −20.8% |
| Three-Wheelers | 1,31,836 | 4.35% | −2.9% |
| Goods Carriers | 98,225 | 3.24% | −4.8% |
| Tractors | 73,694 | 2.43% | −1.8% |
| Taxis & Cabs | 34,549 | 1.14% | −12.7% |
| Other classes | 18,287 | 0.60% | +1.0% |
| Buses | 9,437 | 0.31% | +6.3% |
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 Q3 FY 2026-27 alone — it is exact for that window.
Petrol accounts for 43.3% 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 | 19,26,389 | 43.31% | −5.11pp |
| CNG / LPG | 10,61,145 | 23.86% | +2.49pp |
| Diesel | 7,83,560 | 17.62% | −0.40pp |
| Hybrid | 3,82,690 | 8.60% | +0.67pp |
| Electric | 2,92,934 | 6.59% | +2.36pp |
| Other | 874 | 0.02% | 0.00pp |
Every Q3 on record
Across the 2 completed windows in our Vahan record, passenger vehicle registrations went from 11,69,586 in Q3 FY 2024-25 to 14,13,933 in Q3 FY 2025-26, up 20.9% over the stretch.
Q3 FY 2026-27 is still running — 1 of its 3 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.
Passenger Vehicle registrations by quarter
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| Q3 FY 2026-27 (to date) | 1 | 4,70,331 | −20.2% |
| Q3 FY 2025-26 | 3 | 14,13,933 | +20.9% |
| Q3 FY 2024-25 | 3 | 11,69,586 | +8.7% |
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 Q3 FY 2026-27?
What counts as a passenger vehicle (PV)?
What period does Q3 FY 2026-27 cover?
Which manufacturer sold the most passenger vehicles in Q3 FY 2026-27?
What share of the Indian market were passenger vehicles in Q3 FY 2026-27?
What will full-year Q3 FY 2026-27 passenger vehicle sales be?
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.
