- Passenger vehicle retail sales stood at 5.07 lakh units in October 2026
- EV market share increased to 7.30 per cent, while hybrid vehicles accounted for 9.94 per cent
India’s passenger vehicle retail market recorded a year-on-year decline in October 2026, with registrations falling 14.23 per cent to 5,07,768 units, compared to 5,92,032 units in the corresponding month last year, according to the latest data released by the Federation of Automobile Dealers Associations (FADA).
However, the market witnessed an improvement on a month-on-month basis, with registrations growing 18.86 per cent over September 2026, when 4,27,213 passenger vehicles were registered. The October numbers indicate a recovery over the previous month, although the overall market remained below last year’s levels.
EVs and hybrids gain market share
One of the key takeaways from the October 2026 data is the growing contribution of electric and hybrid vehicles to India’s passenger vehicle market. EVs accounted for 7.30 per cent of total PV registrations, up from 3.55 per cent in October 2025. Hybrid vehicles also increased their share from 6.96 per cent to 9.94 per cent during the same period.
Based on the reported market shares, EV registrations are estimated to have increased by around 76 per cent year-on-year, while hybrid registrations grew by approximately 23 per cent.
Meanwhile, petrol and ethanol-powered vehicles continued to account for the largest share of the market at 41.60 per cent, although their contribution declined considerably from 48.96 per cent a year ago. Diesel vehicles also lost ground, with their share falling from 17.34 per cent to 16.57 per cent.
CNG and LPG-powered vehicles, on the other hand, improved their combined market share from 23.20 per cent to 24.59 per cent.
Maruti Suzuki leads PV retail sales in October 2026
Maruti Suzuki continued to dominate India’s passenger vehicle market, registering 2,11,996 units in October 2026. The automaker accounted for 41.75 per cent of total PV registrations, compared to 42.15 per cent in October 2025. However, its retail numbers declined by around 15 per cent year-on-year.
Tata Motors secured the second position with 73,449 registrations and a market share of 14.47 per cent. Mahindra followed closely with 64,982 units and a 12.80 per cent market share.
Hyundai occupied the fourth position with 58,099 registrations, accounting for 11.44 per cent of the market. Kia rounded off the top five with 30,799 units and a 6.07 per cent market share.
Interestingly, all five manufacturers recorded a year-on-year decline in retail registrations. Tata Motors witnessed the smallest decline among the top five, at approximately 8.2 per cent, while Hyundai recorded the steepest drop of around 16.4 per cent.
With EVs and hybrids steadily increasing their contribution to the overall market, the October 2026 data highlights an ongoing shift in India’s passenger vehicle powertrain mix, even as total retail registrations remain under pressure.
