Market Composition of Passenger Vehicles in India

India’s passenger vehicle (PV) retail segment achieved a record April performance in 2026, registering 4,07,355 units and expanding by 12.21% year-on-year compared to 3,63,028 units in April 2025. The market's growth was overwhelmingly driven by strong demand in rural markets (+20.40% YoY), coupled with steady SUV sales and a recovery in small entry-level cars. Market leader Maruti Suzuki maintained its dominant position with 1,58,509 units (capturing a 38.91% market share), while Tata Motors posted strong 27.8% YoY growth to secure second place with 57,688 units (14.16% share). Mahindra & Mahindra held a close third with 55,236 units (13.56% share), followed by Hyundai (47,449 units), Toyota (27,006 units), and Kia (25,226 units). Notable emerging trends included double-digit gains for mid-tier brands like Renault (+42.4%), Nissan (+59.2%), and Force Motors (+115.5%), alongside initial entries like VinFast Auto (1,232 units), signaling expanding alternative powertrain and regional market dynamics