Domestic sales of passenger vehicles, two-wheelers and three-wheelers rose 15.8% to 32,00,219 units in October 2026, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday. All three segments grew at double-digit rates. Passenger vehicle (PV) sales crossed five lakh units, the segment’s strongest October on record, SIAM said. Three-wheelers grew fastest, at 25.7%. Over April–October, domestic sales rose 18.9% to 1.84 crore units.

SIAM’s director general, Rajesh Menon, said the industry “continues to witness healthy demand momentum”.

Passenger vehicles: Maruti widens its lead

PV sales rose 12.4% to 5,19,060 units. Utility vehicles grew 11.4% to 3,01,141 and passenger cars 11.7% to 1,30,305; both figures exclude Tata Motors, whose split SIAM does not give.

Indian market leader Maruti Suzuki sold 2,12,384 units, up 20.5%, lifting its market share by 2.7 percentage points to 40.9%. Tata Motors moved back to second place with 73,894 units, up 20.9%. Mahindra & Mahindra slipped to third with 73,338; its 2.4% growth cut its market share by 1.4 points to 14.1%. Korean carmaker Hyundai grew 16.7% to 62,799.

Japanese-Indian joint venture Toyota Kirloskar Motor was the biggest loser. Its sales fell 26.7% to 29,521 and its market share dropped three points to 5.7%, pushing it behind Kia into sixth place. Its Glanza hatchback fell to 842 units from 6,162. Vietnamese EV maker VinFast sold 3,023 units, against 306 a year earlier.

Year to date, PV sales rose 25.4% to 31.57 lakh. Tata Motors grew fastest among the top five, at 38.8%, followed by Maruti at 33%. Toyota, down 1.7%, is the only top-six maker in decline. Mini cars were the fastest-growing body type, up 76.6%; mid-size sedans fell 17.3%. Utility vehicles made up 67.6% of the market.

Two-wheelers: scooters and EVs set the pace

Two-wheeler sales rose 16.1% to 25,77,810 units. Scooters jumped 31.6% to 10,96,756 while motorcycles grew 6.6% to 14,23,118. Scooters now make up 42.5% of the market, up from 37.5%.

Electric scooters nearly doubled to 2,24,413 units, an 8.7% market share among SIAM members. TVS Motor’s 69,797 electric scooters put it ahead of Bajaj Auto’s Chetak at 64,134; a year ago Chetak led.

Hero MotoCorp kept the top spot with 7,05,084 units and a 27.4% market share. Honda Motorcycle & Scooter India grew 11% but lost 1.2 points of market share, the biggest fall. TVS Motor gained the most, a point, to reach 20%. Suzuki Motorcycle moved into fifth place, ahead of Royal Enfield.

From April to October, two-wheeler sales rose 17.4% to 1.47 crore. Scooters grew 29.8% and motorcycles 9.8%. TVS Motor (up 24.1%) and Yamaha (up 33.6%) outgrew the market; Bajaj Auto’s domestic sales rose 6.8% and its market share fell a point to 10.1%.

Three-wheelers: fastest growth of the month

Three-wheeler sales rose 25.7% to 1,03,349. Passenger carriers grew 26.9% and goods carriers 27.4%; e-rickshaws from SIAM members fell 22.3%.

Bajaj Auto sold 58,263 units for a 56.4% market share, down 1.6 points. TVS Motor grew 63.7% and gained 2.3 points of market share; Mahindra & Mahindra grew 38.2% and gained 1.5 points. Year to date, sales rose 26.2% to 6,05,211, and Bajaj’s market share fell 5.7 points to 56.3%.

Exports and production

Exports rose 26.1% to 6,82,299 units, led by two-wheelers at 5,43,972. PV exports rose 21.8% to 83,716. Production grew 28.6% to 36,18,753 units, well ahead of domestic sales. Year to date, exports rose 28% to 46.6 lakh units.

1. Passenger vehicles

PV dispatches cross 5 lakh in October, up 12.4%; Tata Motors retakes No. 2 as Toyota drops 26.7%

Indian carmakers dispatched 5,19,060 passenger vehicles to dealers in October 2026, up 12.4% from 4,61,614 a year earlier, according to Society of Indian Automobile Manufacturers (SIAM) data released on November 13. SIAM called it the strongest October on record.

April–October dispatches rose 25.4% to 31.57 lakh units, including Tata Motors’ October volume, derived from SIAM’s totals.

Who moved. Tata Motors returned to second place with 73,894 units, up 20.9%, edging past Mahindra & Mahindra at 73,338. Mahindra grew only 2.4% and lost 1.4 points of market share. Kia moved up to fifth with 33,462 units.

Japanese-Indian joint venture Toyota Kirloskar Motor was the biggest loser. Its dispatches fell 26.7% to 29,521 units and its market share shrank three points to 5.7%. SIAM data shows its Maruti-sourced Glanza hatchback slumped to 842 units from 6,162.

Indian market leader Maruti Suzuki was the biggest gainer: volumes rose 20.5% to 2,12,384 and its market share rose 2.7 points to 40.9%. Vietnamese EV maker VinFast grew ten-fold to 3,023 units, overtaking Volkswagen.

Segments. In October, passenger cars grew 11.7% to 1,30,305 and utility vehicles 11.4% to 3,01,141 (excluding Tata Motors, whose split is not reported). Over April–October, utility vehicles made up 67.6% of domestic volumes. SIAM’s 4–4.4-metre SUV class grew 44.7% and its most expensive SUV band 38.7%. Mini cars such as the Alto and S-Presso rose 76.6%; mid-size sedans fell 17.3%.

Exports. PV exports rose 21.8% in October to 83,716 units but only 4% for April–October. Maruti shipped 49,565, or 59% of the total. Passenger car exports are down 8.1% year to date while utility vehicle exports rose 17.7%. Honda Cars’ October exports fell 88.5%; Nissan’s dropped 35%.

2. Two-wheelers

Two-wheeler dispatches rise 16.1% to 25.78 lakh; electric scooters nearly double as TVS overtakes Bajaj

Two-wheeler makers dispatched 25,77,810 units to Indian dealers in October 2026, up 16.1% from 22,20,345, SIAM data released on November 13 shows. Scooters did the heavy lifting: they rose 31.6% to 10,96,756, while motorcycles grew 6.6% to 14,23,118.

Scooters now account for 42.5% of domestic volumes, up from 37.5% a year ago. April–October dispatches rose 17.4% to 1.47 crore units, with scooters up 29.8% and motorcycles up 9.8%.

Electric shift. SIAM members dispatched 2,24,413 electric scooters, up 92.9%. Their market share of domestic two-wheelers rose to 8.7% from 5.2%. TVS Motor led with 69,797 units of the iQube and Orbiter, passing Bajaj Auto’s Chetak at 64,134. A year ago Chetak led. Hero MotoCorp’s Vida more than doubled to 30,065. Ather Energy grew 30.8% to 33,786, but its slice of the electric pool shrank from 22% to 15%.

Rankings. Hero kept the top spot with 7,05,084 units and a 27.4% market share. Honda Motorcycle & Scooter India grew 11% but lost 1.2 points of market share, the biggest decline. TVS gained the most, a point, reaching 20%. Suzuki Motorcycle moved to fifth, ahead of Royal Enfield, whose dispatches grew 4%. Yamaha rose 33.3%.

Where motorcycles stall. Domestic 125cc motorcycles fell 5.2%, and Bajaj’s domestic motorcycle dispatches slipped 1.8%. Growth moved up the range: 150–200cc rose 19% and 200–250cc 50%. Bajaj’s 350–500cc domestic dispatches dropped to 3,751 from 9,625, while its 250–350cc KTM, Triumph, Dominar and Pulsar range reported 9,157 units, a class where it had none a year ago.

Exports. Shipments rose 26.5% to 5,43,972 in October and 31.1% year to date, to 37.51 lakh. Scooter exports jumped 80.4%. Bajaj’s April–October exports of 15.21 lakh units now exceed its domestic sales of 14.87 lakh. TVS’s October exports rose 50.6% to 1,55,915.

3. Three-wheelers

Three-wheeler dispatches climb 25.7% to 1.03 lakh in October; TVS and Mahindra gain market share as Bajaj slips

Three-wheeler makers dispatched 1,03,349 units to Indian dealers in October 2026, up 25.7% from 82,190, according to SIAM data released on November 13. SIAM’s director general cited last-mile mobility demand and rapid electrification as the main drivers.

Passenger carriers rose 26.9% to 86,218 and goods carriers 27.4% to 15,465. E-rickshaws and e-carts from SIAM members fell 22.3% and 17.8%. April–October dispatches rose 26.2% to 6,05,211, with goods carriers up 34%.

Market share shift. Bajaj Auto remains dominant with 58,263 units, up 22.2%, but its market share slipped 1.6 points to 56.4%. Over April–October it lost 5.7 points, the segment’s biggest loss. TVS Motor was October’s biggest gainer: dispatches rose 63.7% to 10,020 and its market share climbed 2.3 points to 9.7%. Mahindra & Mahindra grew 38.2% to 17,632 and added 1.5 points, to 17.1%.

Italian-owned Piaggio Vehicles grew 15.1% but lost a point of market share. Atul Auto’s volumes were flat, cutting its market share to 3.4%. A newcomer is visible: Pinnacle Mobility’s EKA electric autos reached 215 units, and 1,488 over seven months against 100 a year earlier.

Exports. Overseas shipments rose 26.7% to 53,039 in October and 39.9% year to date, to 3.65 lakh. Exports now absorb 38% of three-wheeler output. Passenger carrier exports rose 40.7% over seven months, but goods carrier exports fell 31.6%.

Bajaj’s April–October exports rose 36.3% to 2.23 lakh units. TVS shipped 1.20 lakh abroad, up 43.2% and more than twice its domestic volume. Piaggio’s exports grew 62.4% to 17,481.