SIAM: May auto wholesales jump 17.3% to 24.1 lakh units on low base, GST cuts

May 2026 wholesales hit record highs across PVs (+27.3% to 4.39L), 2Ws (+14.8% to 19.02L), and 3Ws (+31% to 70,720). Exports surged 30.6% to 6.26L units, led by Bajaj Auto, TVS Motor, and Hero MotoCorp. Lower base effect and GST reductions powered the broad-based rebound.

— Source publishedMon, 15 Jun, 2026, 11:52 IST·First seen Mon, 15 Jun, 2026, 12:02 IST·Source BL · Consumer & Economy

What happened

SIAM reports May 2026 auto wholesales grew 17.3% YoY to 24.1 lakh units, driven by lower base and GST cuts. PVs, 2Ws, 3Ws hit record May highs; exports surged

Key facts

  • 17.3% YoY total wholesales growth
  • 24,11,783 units total May
  • PV up 27.3% to 4,38,854
  • 2W up 14.8% to 19,02,209
  • scooters up 27.4% to 7,39,667
  • 3W up 31% to 70,720
  • exports up 30.6% to 6,25,731

Why this matters

Export surge to 6.26L units signals offshore demand inflection—revisit overseas distribution JVs and component capacity M&A before peers price in the rebound.

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