India auto retail hits record 25.3 lakh units in May; EV penetration crosses 11% for first time
FADA data shows May 2026 auto retail up 9.55% YoY to 25,31,067 units, with PVs at 4.02 lakh (+23.25%). EV share crossed 11%, 2W EV penetration jumped to 9.25% from 6.11%, aided by GST 2.0 affordability and post-fuel-hike EV interest.
India's auto retail hit a record 25.3 lakh units in May 2026, up 9.55% YoY, with EV penetration crossing 11% for the first time. PVs, 2Ws, 3Ws and CVs all logged best-ever May numbers, aided by GST 2.0 affordability and post-fuel-hike EV interest.