Vehicle Sales Q3 FY 2026-27 (So Far): 30,33,135 Units, Down 27.3% YoY
Every vehicle 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, what India actually registered segment by segment, 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.
Vehicle sales month by month, Q3 FY 2026-27
The Indian vehicle market registered 30,33,135 vehicles in Q3 FY 2026-27 so far. Volumes slumped 27.3% against the 41,70,653 logged over the same month of Q3 FY 2025-26.
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 90.99 L vehicles — a run rate rather than a forecast, and the festive quarter moves it more than anything else on this page.
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 | 30,33,135 | 41,70,653 | −27.3% | 100.0% |
Each month links through to its own full report.
Which manufacturer sold the most, Q3 FY 2026-27
Honda 2W (HMSI) led the period with 6,13,455 registrations, down 27.9% on Q3 FY 2025-26. Hero MotoCorp follows on 5,74,868, 38,587 behind — a gap of 1.07x.
Hero MotoCorp took the sharpest fall in the top 8, down 42.9% at 5,74,868.
Top manufacturers by registrations — Q3 FY 2026-27
Total registrations across every vehicle type each manufacturer sells.
Exact registrations over October 2026, with the change against Q3 FY 2025-26.
| # | Manufacturer | Q3 FY 2026-27 units | Share | vs Q3 FY 2025-26 |
|---|---|---|---|---|
| 1 | Honda 2W (HMSI) | 6,13,455 | 20.23% | −27.9% |
| 2 | Hero MotoCorp | 5,74,868 | 18.95% | −42.9% |
| 3 | TVS Motor | 4,50,553 | 14.85% | −22.1% |
| 4 | Bajaj Auto | 2,47,335 | 8.15% | −36.9% |
| 5 | Maruti Suzuki | 2,00,363 | 6.61% | −21.6% |
| 6 | Royal Enfield | 1,18,874 | 3.92% | −23.1% |
| 7 | Suzuki 2W | 1,16,211 | 3.83% | −18.2% |
| 8 | Mahindra | 81,209 | 2.68% | −24.0% |
| 9 | Yamaha India | 76,605 | 2.53% | −19.2% |
| 10 | Hyundai | 54,650 | 1.80% | −21.3% |
| 11 | Tata Motors (PV) | 52,781 | 1.74% | −25.5% |
| 12 | Tata Motors | 39,052 | 1.29% | +5.9% |
| 13 | Ather Energy | 30,380 | 1.00% | +0.4% |
| 14 | Kia India | 28,932 | 0.95% | −18.3% |
| 15 | Toyota Kirloskar | 27,057 | 0.89% | −29.8% |
What India registered in Q3 FY 2026-27
Two-wheelers dominate every Indian registration total, and Q3 FY 2026-27 is no exception: two-wheelers alone accounted for 73.6% of the 30,33,135 vehicles registered across the period.
Buses grew fastest at +6.3%, and two-wheelers slowest at −31.1%.
Market composition — Q3 FY 2026-27
Share of every vehicle registered in the period.
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% |
Fuel mix, Q3 FY 2026-27
Battery-electric vehicles were 11.1% of every registration in Q3 FY 2026-27, against 5.9% in Q3 FY 2025-26. That is 3,36,545 electric vehicles across all segments.
Fuel labels come straight from Vahan and the split below covers the whole market over October 2026 — petrol includes the E20 ethanol blend, which is now the single largest label in the database.
Registrations by fuel — Q3 FY 2026-27
Every vehicle registered in the period, by fuel.
Exact fuel volumes over October 2026.
| Fuel | Q3 FY 2026-27 units | Share | vs Q3 FY 2025-26 | Share move |
|---|---|---|---|---|
| Petrol | 22,15,895 | 73.06% | −34.4% | −7.99pp |
| Electric | 3,36,545 | 11.10% | +37.4% | +5.22pp |
| Diesel | 2,70,099 | 8.90% | −9.8% | +1.73pp |
| CNG / LPG | 1,57,741 | 5.20% | −20.3% | +0.46pp |
| Hybrid | 46,901 | 1.55% | +13.4% | +0.55pp |
| Other | 5,954 | 0.20% | −15.9% | +0.03pp |
Every Q3 on record
Across the 2 completed windows in our Vahan record, vehicle registrations went from 81,63,589 in Q3 FY 2024-25 to 97,69,271 in Q3 FY 2025-26, up 19.7% 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.
Vehicle registrations by quarter
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| Q3 FY 2026-27 (to date) | 1 | 30,33,135 | −27.3% |
| Q3 FY 2025-26 | 3 | 97,69,271 | +19.7% |
| Q3 FY 2024-25 | 3 | 81,63,589 | +11.6% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Where the demand was, Q3 FY 2026-27
Maharashtra registered the most vehicles of any state in Q3 FY 2026-27 — 3,51,904, 11.6% of the national total.
The top five states together account for 46.0% of every vehicle registered in the period.
Top states by registrations — Q3 FY 2026-27
All vehicle types, exact for the period.
| # | State | Units | Share | vs Q3 FY 2025-26 |
|---|---|---|---|---|
| 1 | Maharashtra | 3,51,904 | 11.6% | −21.6% |
| 2 | Uttar Pradesh | 3,42,118 | 11.3% | −44.0% |
| 3 | Gujarat | 2,99,051 | 9.9% | −10.4% |
| 4 | Karnataka | 2,02,116 | 6.7% | −21.3% |
| 5 | Tamil Nadu | 1,99,267 | 6.6% | −13.8% |
| 6 | Rajasthan | 1,83,672 | 6.1% | −39.0% |
| 7 | Madhya Pradesh | 1,61,049 | 5.3% | −49.3% |
| 8 | West Bengal | 1,59,581 | 5.3% | +6.5% |
| 9 | Andhra Pradesh | 1,41,838 | 4.7% | +5.0% |
| 10 | Odisha | 1,21,034 | 4.0% | −11.2% |
| 11 | Bihar | 1,19,150 | 3.9% | −49.9% |
| 12 | Haryana | 1,16,868 | 3.9% | −21.2% |
| 13 | Delhi | 87,357 | 2.9% | −23.9% |
| 14 | Telangana | 85,168 | 2.8% | −17.3% |
| 15 | Kerala | 81,949 | 2.7% | −17.5% |
Frequently asked questions
How many vehicles were sold in India in Q3 FY 2026-27?
What period does Q3 FY 2026-27 cover?
Which manufacturer sold the most vehicles in Q3 FY 2026-27?
What will full-year Q3 FY 2026-27 vehicle sales be?
Which quarter had the highest vehicle sales?
Are these retail sales or factory dispatches?
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.
