Maharashtra leads India auto sales in FY26; UP tops two-wheeler market: SIAM

Maharashtra captured 12.1% of passenger vehicle sales (5.64 lakh units) and led commercial vehicles in FY26, while Uttar Pradesh topped two-wheelers with 31.8 lakh units (14.7% share). GST 2.0 cuts, income tax relief and RBI repo reductions powered H2 retail demand, with two-wheeler growth hitting 21.5%.

— Source publishedWed, 20 May, 2026, 20:42 IST·First seen Wed, 20 May, 2026, 21:19 IST·Source The Hindu BusinessLine

What happened

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

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 CV total
  • H2 2W growth 21.5%

Why this matters

Accelerate dealership roll-ups and financing JVs in Maharashtra and UP to lock in share before competitors capitalize on the tax-and-rate-cut demand cycle.