India Passenger Vehicle Sales Rise 18.2% in June

2026-07-16 00:13 By Chusnul Chotimah 1 min. read

Passenger vehicle sales in India increased 18.2% year-on-year in June 2026, slowing from a 25.3% surge in the previous month to 326,068 units, according to data from the Society of Indian Automobile Manufacturers (SIAM).

The strong performance was attributed to supportive domestic demand, aided by lower Goods and Services Tax rates, softer financing costs, and the introduction of new models, though growth eased compared to May.

However, the industry continues to closely monitor geopolitical developments and the progress of the monsoon, given their implications for agricultural output and rural demand.

In May, SIAM stated that the positive momentum seen in the second half of FY 2025–26 continued into the first month of FY 2026–27.



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India Passenger Vehicle Sales Rise 18.2% in June
Passenger vehicle sales in India increased 18.2% year-on-year in June 2026, slowing from a 25.3% surge in the previous month to 326,068 units, according to data from the Society of Indian Automobile Manufacturers (SIAM). The strong performance was attributed to supportive domestic demand, aided by lower Goods and Services Tax rates, softer financing costs, and the introduction of new models, though growth eased compared to May. However, the industry continues to closely monitor geopolitical developments and the progress of the monsoon, given their implications for agricultural output and rural demand. In May, SIAM stated that the positive momentum seen in the second half of FY 2025–26 continued into the first month of FY 2026–27.
2026-07-16
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