India auto retail roars into FY27: PVs hit record 4.37 lakh units, two-wheelers up 28.4%
SIAM data shows April 2026 was a blockbuster start to FY27, with passenger vehicles posting an all-time-high 4,37,312 units (+25.4% YoY) and two-wheelers surging 28.4% to 18.72 lakh. Three-wheelers jumped 32.8%, scooters 26.2%, motorcycles 30.6% — a broad-based mobility demand signal for retail.
What happened
SIAM · India's auto industry opened FY27 with record double-digit growth in April 2026: PVs hit an all-time high 4.37 lakh units (+25.4%), two-wheelers grew
Key facts
- PV sales 4,37,312 units April 2026
- PV growth 25.4% YoY
- two-wheeler sales 18,72,691 units up 28.4%
- motorcycle sales 11,38,452 up 30.6%
- scooter sales 6,91,993 up 26.2%
- three-wheeler sales 65,668 up 32.8%
Why this matters
The synchronized multi-segment surge creates a window to lock in dealership JVs, service-network rollups, or auto-adjacent retail acquisitions before valuations reprice on sustained FY27 momentum.