April PV dispatches up 25.4% YoY to 4.37 lakh units; two-wheelers surge 28.4%: SIAM
SIAM data shows broad-based April 2026 strength: utility vehicles climbed 21.5% to 2.44 lakh, passenger cars jumped 32.7% to 1.21 lakh, and three-wheelers rose 32.8%. Total dispatches across categories hit 23.17 lakh units, up 27.9%, signalling that post-GST-cut demand momentum is carrying into FY27.
What happened
SIAM data shows April 2026 passenger vehicle dispatches rose 25.4% YoY to 4.37 lakh units, with two-wheelers up 28.4% and three-wheelers up 32.8%, sustaining
Key facts
- PV dispatches 4,37,312 units +25.4% YoY
- UVs 2,44,280 +21.5%
- Passenger cars 1,20,945 +32.7%
- Two-wheelers 18,72,691 +28.4%
- Three-wheelers 65,668 +32.8%
- Total 23,16,671 +27.9%
Why this matters
Sustained dispatch momentum strengthens the case for bolt-on acquisitions in dealer networks, EV-adjacent suppliers, and three-wheeler platforms before valuations re-rate on FY27 consensus upgrades.