Maruti, Tata, Mahindra, Kia post double-digit May growth as PV industry shrugs off price hikes
India's passenger vehicle retail held firm in May 2026 with Maruti Suzuki up 40% YoY (a new monthly record), Tata Motors +42%, Kia +24% and Mahindra +11%. SUVs grew 57% and CNG hit a record 78,000 units, signaling resilient demand despite OEM price hikes.
Indian passenger vehicle industry posted resilient May 2026 sales, with Maruti Suzuki (+40%), Tata Motors (+42%), Mahindra (+11%), and Kia (+24%) showing double-digit growth despite price hikes. Maruti set a new monthly record, led by 57% SUV growth and record CNG sales.
Why this matters
Confirms Maruti's record May run flagged earlier (190k sales, CNG bookings +40%, EV demand doubled) and extends the broader PV surge that lifted industry retail 28% to 440K units.
Retail-brand signals steady at 840 over the last 90 days, with May 2026 marking a clear top-OEM breakout.