India auto retail roars in May: Maruti +40%, TVS +24%, Kia +23.6% lead broad-based YoY surge

Sustained consumer demand drove May wholesales higher across India's auto pack. Maruti Suzuki domestic sales jumped 40% to 1.90 lakh units, Mahindra rose 11%, Hyundai 9%, Kia 23.6%, TVS 24%, HMSI 10% and Bajaj Auto 9%. JSW MG was the lone laggard, slipping 4% to 6,048 units.

— Source publishedMon, 1 Jun, 2026, 13:19 IST·First seen Mon, 1 Jun, 2026, 13:24 IST·Source BL · Consumer & Economy

What happened

Maruti Suzuki India · Indian automakers posted strong May YoY growth led by Maruti Suzuki (+40% domestic), Mahindra (+11%), Hyundai (+9%), Kia (+23.6%), TVS

Key facts

  • Maruti total wholesales 2.42 lakh units May
  • Maruti domestic sales 1,90,337 units +40% YoY
  • M&M 58,021 units +11% YoY
  • Hyundai domestic 47,837 units +9% YoY
  • Kia 27,586 units +23.6% YoY
  • JSW MG 6,048 units -4% YoY
  • HMSI 4,59,611 units +10% YoY
  • TVS 3,84,565 units +24% YoY
  • Bajaj Auto 2,09,528 units +9% YoY

Why this matters

Sector-wide volume acceleration strengthens valuations and bargaining leverage for incumbents, while JSW MG's underperformance opens potential partnership or consolidation conversations in the lagging EV segment.

Also reported by