India PV retail jumps 23.25% YoY in May 2026 to 402,591 units; rural outpaces urban
FADA data shows passenger vehicle retail surged 23.25% YoY to 402,591 units in May 2026, with rural demand up 30.35% versus 18.8% urban. Overall auto retail rose 9.55% to 2.53M units. EV penetration crossed 11% for the first time; CNG share hit 23.3% as fuel-mix shift accelerates.
FADA data shows India's May 2026 passenger vehicle retail sales jumped 23.25% YoY to 402,591 units, driven by 30% rural growth, booking backlog, and shift to EV/CNG. Overall auto retail rose 9.55%; EV penetration crossed 11% for the first time.