The first month of FY2027 posted high double-digit growth in passenger vehicles, three-wheelers, and two- wheelers according to wholesales data released by the Society of Indian Automobile Manufacturers (SIAM) on Thursday (May 14, 2026). This is in line with continuing the sales momentum of the second half of FY 2025-26 following the GST rate cut.

In April 2026, the passenger vehicles segment recorded their highest-ever sales of 4.37 lakh units with a growth of 25.4%, over April 2025. 

Three-wheelers segment also posted its highest ever sales of 0.66 lakh units, registering a growth of 32.8%, compared to April 2025. 

A total of 18.73 lakh units of two-wheelers were sold in April 2026, up 28.4% over April of the previous year. 

“Though there are concerns of high commodity prices emanating from the disruptions in West Asia, the industry has been witnessing good demand,” said Rajesh Menon, Director-General, SIAM,

Further, SIAM said the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in April 2026 was 29,22,427 units.