India auto retail roars into FY27: PVs +25.4%, 2Ws +28.4%, 3Ws +32.8% in April
SIAM data shows passenger vehicles hit a record 4.37 lakh units in April 2026, with two-wheelers at 18.72 lakh (motorcycles +30.6%, scooters +26.2%) and three-wheelers up 32.8%. Broad-based double-digit growth signals robust consumer mobility demand at the start of the fiscal.
What happened
SIAM · Indian auto industry began FY27 with double-digit domestic wholesale growth. PVs hit record 4.37 lakh units (+25.4%), two-wheelers rose 28.4% to 18.72
Key facts
- PV sales 4,37,312 units April 2026
- PV growth 25.4% YoY
- Two-wheeler sales 18,72,691 units
- Two-wheeler growth 28.4% YoY
- Motorcycle sales 11,38,452 units up 30.6%
- Scooter sales 6,91,993 units up 26.2%
- Three-wheeler sales 65,668 units up 32.8%
Why this matters
The 32.8% three-wheeler surge and scooter rebound open M&A windows in last-mile EV mobility and rural distribution platforms where mid-tier players will struggle to fund capacity expansion.