Maharashtra leads FY26 PV and CV sales; UP tops two-wheelers as H2 demand surges 21.5%

SIAM data: Maharashtra captured 12.1% of passenger vehicle sales (5.64 lakh units) and led commercial vehicles (10.80 lakh total). UP took 14.7% two-wheeler share (31.8 lakh) and topped three-wheelers (8.36 lakh). GST 2.0 cuts, income tax relief and RBI rate cuts powered H2 two-wheeler growth of 21.5%.

— Source publishedWed, 20 May, 2026, 20:42 IST·First seen Wed, 20 May, 2026, 20:45 IST·Source BL · Consumer & Economy

What happened

SIAM data shows Maharashtra led FY26 passenger and commercial vehicle sales while UP topped two-wheeler and three-wheeler segments. GST 2.0 cuts, income tax

Key facts

  • 5.64 lakh PVs Maharashtra
  • 12.1% PV share
  • 31.8 lakh 2W UP
  • 14.7% 2W share
  • 8.36 lakh 3W total
  • 10.80 lakh CVs
  • H2 21.5% growth

Why this matters

Scout bolt-on dealership networks and EV two-wheeler challengers concentrated in UP and Maharashtra to lock in share before competitors price in the H2 momentum.

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