Overview
- Following Wednesday’s company reports, March passenger-vehicle wholesales rose 16.2% year on year to 451,394 units, sealing a record FY26 near 4.7 million after a GST 2.0–fueled rebound.
- Tata Motors sold 66,971 passenger vehicles in March, up 29% year on year, and closed FY26 at a record 641,587 units with 92,120 electric vehicles for the year.
- Mahindra reported 99,969 total vehicles in March, up 21% year on year, led by 60,272 domestic SUVs that rose 25%.
- Maruti Suzuki sold 225,251 vehicles in March, up 16.7% year on year, as exports climbed 42.6% to 47,040 units.
- EV and CNG uptake quickened, with industry EV sales crossing about 200,000 in FY26, while carmakers warned of rising input costs and some, including JSW MG, announced April price hikes.