FADA July PV Retails Hits Historic 4,16,555 Units

Indian auto retail achieved a surge with an all-time high monthly volumes across every vehicle category. In the Passenger Vehicle (PV) segment, retail registrations crossed the four-lakh threshold for any July month for the first time on record, expanding 19.13% Year-on-Year to 4,16,555 units compared to 3,49,674 units in July 2025.

Sequentially, PV retail registrations eased slightly by 1.68% Month-on-Month against June 2026's 4,23,677 units. Steady monsoon recoveries, GST 2.0 affordability benefits, strong rural buying, and rising alternative fuel adoption continued to propel consumer demand throughout the month.

Total Passenger Vehicle (PV) Retail Performance

Category	July 2026 Sales (Units)	July 2025 Sales (Units)	YoY Growth (%)	June 2026 Sales (Units)	MoM Growth (%)
Total Passenger Vehicles (PV)	4,16,555	3,49,674	19.13%	4,23,677	-1.68%

(Source: FADA Research)

July 2026 FADA PV Sales for each OEM at a Glance:

Performance of Major Passenger Vehicle Manufacturers

• Maruti Suzuki India: Dominating the domestic market, Maruti Suzuki registered 1,61,873 units in July 2026. The manufacturer posted a 19.70% YoY growth over July 2025, commanding a 38.86% PV retail market share.
• Tata Motors: Securing second position in a tight contest, Tata Motors retailed 58,774 units. The automaker logged a 36.84% YoY increase, elevating its market share to 14.11%.
• Mahindra & Mahindra: Following closely in third place, SUV leader Mahindra&Mahindra clocked 56,219 unit registrations. This represents a 23.69% YoY expansion, giving the brand a 13.50% segment share.
• Hyundai Motor India: Hyundai recorded 47,853 retail units in July 2026, achieving a 5.69% YoY increase and retaining an 11.49% market share.
• Toyota Kirloskar Motor: Supported by hybrid and utility vehicle demand, Toyota delivered 29,443 units (+6.17% YoY), holding a 7.07% market share.
• Kia India: Driven by its strong SUV portfolio, Kia retailed 25,551 units, marking a 21.84% YoY gain and capturing a 6.13% share.
• Skoda Auto Volkswagen Group: The group registered 8,221 units during the month, reflecting a 7.65% YoY dip and a 1.97% market share.
• JSW MG Motor India: Logging 7,030 unit sales, JSW MG Motor registered a 1.49% YoY growth, accounting for 1.69% of the PV retail market.
• Honda Cars India: Honda clocked 5,822 retail registrations, achieving a 20.61% YoY increase and holding a 1.40% segment share.
• Renault India: French carmaker Renault delivered 3,505 units, surging 51.53% YoY and advancing its market share to 0.84%.
• Nissan Motor India: Nissan turned in 2,698 retail units, jumping 73.50% YoY and capturing a 0.65% market share.

Official Statement

Evaluating the historic performance, FADA Vice President Mr. Sai Giridhar stated:

“Passenger Vehicle retails came in at 4,16,555 units, up 19.13% YoY — the first time PV has crossed the 4-lakh mark in a July — though 1.68% lower MoM. The Bharat-led character deepened, with Rural PV growing 24.72% YoY against Urban’s 15.76%. Dealers credited GST 2.0 affordability, new launches and scheme support — 44.05% said OEM schemes supported July bookings — even as consumer hesitation around the E20 transition nudged buyers towards CNG, hybrids and EVs. The result is a fuel-mix moment of real significance: alternative-fuel share (CNG 24.67%, Hybrid 8.02%, EV 7.90%) reached 40.59%, within 1.09 percentage points of petrol’s 41.68% — a gap that stood at 13.21 points only a year ago — setting up a potential historic crossover in the coming months. On the channel side, PV inventory rose by another day over June-end to 33–35 days, well above FADA’s recommended 21-day benchmark. With festive stocking now beginning, half of PV dealers already reporting higher inventory and about a quarter carrying over 25% aged stock, we urge PV OEMs to align dispatches strictly with retail so that dealer capital is not trapped in aged inventory.”