Passenger Vehicles

India's car market sees intense battle for No. 2 spot as M&M, Tata Motors, and Hyundai compete, while Maruti Suzuki remains far ahead

Co says strong product mix, multi-powertrain strategy drive volume and market share gains

High base effect, weak pentup demand, and West Asia conflict to temper momentum

India's passenger vehicle industry growth is expected to moderate to 4-6 per cent in FY27, largely due to the high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, GST rate cuts and multiple new model launches, ICRA said in a statement. "The industry continues to witness structural shifts, with utility vehicles accounting for nearly 67 per cent of overall sales, reflecting sustained premiumisation trends," it said. Further, rising penetration of alternative powertrains such as CNG and electric vehicles is aiding demand diversification, ICRA said. Despite the anticipated moderation in growth, passenger vehicle original equipment manufacturers (OEMs) are expected to continue with significant capital expenditure towards new product development and electric vehicle platforms, while tractor manufacturers are likely to benefit fr

Passenger vehicle wholesales rose 16.3 per cent in March, driven by GST-led demand recovery and strong SUV traction, even as geopolitical tensions weighed on costs

Tata Motors Passenger Vehicles Ltd on Wednesday reported a 29 per cent rise in total sales at 66,971 units in March 2026 as compared to 51,872 units in the same month last year. Passenger vehicle (PV) sales in the domestic market stood at 66,192 units as compared to 51,616 units in the same month last year, a growth of 28 per cent, Tata Motors Passenger Vehicles Ltd said in a regulatory filing. International business PV sales jumped over three-fold at 779 units last month as against 256 units in March 2025, it added. Total electric vehicle sales last month stood at 9,494 units as against 5,353 units in the year-ago period, up 77 per cent. For FY26, total sales were at 6,41,587 units as compared to 5,56,263 units in FY25, a growth of 15 per cent, the company said. Commenting on the performance, Tata Motors Passenger Vehicles Ltd MD and CEO Shailesh Chandra said for the company FY26 has been a landmark year marked by multiple milestones. "We achieved our highest-ever annual sales .

Automaker to raise prices across ICE passenger vehicles by 0.5% from April 1, citing sustained rise in input costs; impact will vary across models and variants

However, month-on-month, there was a decline over January's high base

Passenger vehicle sales growth is expected to moderate in FY27 due to a high base and preponed replacement demand, even as India's broader automotive industry continues its domestic upcycle

Passenger vehicle wholesales rose 11.4% in February on strong SUV demand and GST effects, while two-wheeler makers posted sharper growth on a favourable base and broad consumer uptake

With the company's product launches & interventions commencing deliveries in Q4 and a strong slate of upcoming launches, Tata Motors PV is well poised to accelerate its growth trajectory in FY27.

The Tata group company's domestic passenger vehicles business continues to see strong growth post the GST cut and recent launches receiving good customer response.

Ratings agency says elevated growth in FY26 will give way to moderation next fiscal as higher base and normalising demand temper volumes across PV, two-wheeler and CV segments

Several fuel-saving technologies are now widely used in India's passenger vehicles

Double-digit growth in passenger vehicles and two-wheelers driven by post-GST momentum, strong rural cash flows, export growth and sustained demand visibility

Stellantis and Tata Motors Passenger Vehicles marked 20 years of their joint venture by signing a fresh MoU to explore deeper collaboration across manufacturing, engineering and supply chains

Domestic passenger vehicle wholesales rose sharply in January, supported by GST tailwinds and improved demand, though automakers flagged production constraints and rising cost pressures

The stock price of Maruti Suzuki was quoting lower for the 8th straight trading day on Friday, falling 12 per cent during the period.

As per media reports, the US government has a announced 10% tariff on the European Union and the UK, effective from February 1, 2026.

Mahindra's newly launched XEV 9S and XUV 7XO SUVs drew strong initial demand, with nearly 94,000 bookings on the first day, translating into orders worth over Rs 20,500 crore