Maruti Suzuki India, Tata Motors and Toyota post strong double-digit gains

NEW DELHI — India’s passenger vehicle market closed FY26 on a robust note, with Maruti Suzuki India, Tata Motors and Toyota Kirloskar Motor posted strong double-digit gains.

Maruti Suzuki India recorded a 16.72 per cent year-on-year (YoY) growth in March 2026, selling 2,25,251 units compared to 1,92,984 units in the same month last year.

Domestic passenger vehicle sales stood at 1,69,428 units, while exports rose to 47,040 units and supplies to other OEMs reached 8,783 units.

For the full year, the company posted around 3 per cent growth, supported by consistent demand for compact cars and a strong export performance.

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The company also achieved its highest-ever export volume of over 4.47 lakh vehicles in FY26, marking a growth of more than 34 per cent.

In contrast, Tata Motors Passenger Vehicles reported a strong performance, with its highest-ever annual sales of around 6.42 lakh units in FY26 -- reflecting a 15 per cent growth -- almost double the industry growth rate.

The company also secured the number two position in the second half of the year based on wholesales and registrations.

Tata Motors saw strong traction in its electric vehicle portfolio, with EV sales crossing 92,000 units, up 43 per cent year-on-year.

Its CNG segment also performed well, growing 24 per cent to around 1.72 lakh units. In the fourth quarter, the company recorded its highest-ever quarterly sales, crossing 2 lakh units with a 37 per cent growth.

Meanwhile, Toyota Kirloskar Motor also reported strong growth, selling 4,06,081 units in FY26, up 20 per cent from the previous year.