India auto retail hits record 25.3L units in May; EV penetration crosses 11% for first time
FADA data shows India's May 2026 auto retail sales rose 9.55% YoY to 25,31,067 units, a record. EV penetration breached 11% as two-wheeler EV share climbed to 9.25% and PVs grew 23.25% to 4,02,591 units. Fuel-price-driven demand shifts and a 5.25% repo rate underpin the momentum.
What happened
FADA · India's auto retail hit a record 25.31 lakh units in May 2026, up 9.55% YoY, with EV penetration crossing 11% for the first time. PVs grew 23.25%,
Key facts
- 25,31,067 units
- 9.55% YoY
- 11% EV penetration
- PV 4,02,591 units
- PV growth 23.25%
- 2W 18,44,947 units
- 2W EV share 9.25%
- CV 83,823 units
- repo 5.25%
Why this matters
With EV two-wheeler share at 9.25% and PV EVs accelerating, now is the window to lock in bolt-ons across charging, battery swap, and EV-focused dealership platforms before valuations reset higher.