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    • Just In

    SIAM Motor Vehicle Data Q1 FY26: PV Exports Hit Record High, Domestic Sales Decline

    Latest News Posted on  —by Salil Urunkar

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    SIAM Motor Vehicle Data Q1 FY26

    New Delhi: The Society of Indian Automobile Manufacturers has released its SIAM Motor Vehicle Data Q1 FY26 (April–June 2025), revealing a mixed performance across automotive segments.

    According to the latest SIAM motor vehicle data Q1 FY26, the Indian auto industry recorded a 5.1% decline in total domestic sales, falling to 60.74 lakh units from 64.01 lakh units in the same quarter last year.

    Also Read: Mumbai-Ahmedabad Bullet Train Project Moves Ahead with 21 Km Undersea Tunnel Launch

    Key Insights from SIAM Motor Vehicle Data Q1 FY26:
    • Passenger Vehicles (PV)
    • Total PV sales stood at 10.11 lakh units, a 1.4% decline from Q1 FY25.
    • Utility Vehicles (UVs) led the PV segment with 6.7 lakh units sold, growing 3.8% YoY, while passenger cars dropped 11.2%.
    • Exports hit an all-time high of 2.04 lakh units, registering 13.2% YoY growth, driven by stable demand from the Middle East, Latin America, Japan, and neighbouring countries.

    Two-Wheelers

    • Domestic sales dipped by 6.2% to 46.74 lakh units, attributed to inventory correction despite a 5% rise in retail registrations during Q1.
    • Export momentum rebounded strongly with 23.2% growth, totaling 1.14 million units, led by recovering markets and FTA-linked demand.

    Three-Wheelers

    • Achieved highest-ever Q1 sales at 1.65 lakh units, growing marginally by 0.1%.
    • Passenger carriers continued to dominate, with growth in urban demand and cargo segment resilience.
    • Exports rose 34.4%, totaling 0.96 lakh units.

    Commercial Vehicles

    • Marginal decline of 0.6% YoY, with total domestic sales of 2.23 lakh units.
    • Passenger carrier sub-segment posted growth, but goods carriers registered slight de-growth.
    • Export performance remained strong with 23.4% growth.

    Also Read: SIAM Motor Vehicle Data May 2025: Two-Wheelers Lead Growth

    Q2 FY26 Outlook: Cautious Optimism Ahead

    SIAM President Shailesh Chandra noted that while SIAM Motor Vehicle Data Q1 FY26 saw muted domestic performance, signs of revival are visible with festive season demand, improved rural incomes due to a strong monsoon, and RBI’s 100 basis point rate cuts expected to spur recovery.

    However, supply-side challenges, especially China’s new export licensing rules on rare earth magnets, may affect vehicle production across categories in the near term.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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