India auto retail hits record 25.3L units in May; EV penetration crosses 11% for first time
FADA data shows India's May 2026 auto retail sales rose 9.55% YoY to 25,31,067 units, a record. EV penetration breached 11% as two-wheeler EV share climbed to 9.25% and PVs grew 23.25% to 4,02,591 units. Fuel-price-driven demand shifts and a 5.25% repo rate underpin the momentum.
India's auto retail hit a record 25.31 lakh units in May 2026, up 9.55% YoY, with EV penetration crossing 11% for the first time. PVs grew 23.25%, two-wheeler EV share rose to 9.25%, aided by fuel-price-driven demand shifts.