India auto retail hits record 25.3 lakh units in May; EV penetration tops 11% first time
FADA data shows May 2026 auto retail surged 9.55% YoY to 25,31,067 units, a record high. EV share crossed 11% as fuel price hikes pushed buyers toward green vehicles. PV grew 23.25% to 4.02 lakh units; 2W EV share nearly doubled to 9.25% from 6.11%.
What happened
FADA reports India auto retail hit record 25.3 lakh units in May 2026, up 9.55% YoY, with EV penetration crossing 11% for the first time as fuel price hikes
Key facts
- 25,31,067 units total May retail
- 9.55% YoY growth
- EV penetration >11%
- PV 4,02,591 units +23.25%
- 2W 18,44,947 units +7.54%
- 2W EV share 9.25% vs 6.11%
- CV 83,823 units +5.29%
Why this matters
Window is open to acquire regional 2W EV dealerships or charging-network assets before consolidation premiums rise, given the 9.25% 2W EV share suggests the category has crossed the early-adopter threshold into mainstream scaling.