SIAM: May auto wholesales jump 17.3% to 24.1 lakh units on low base, GST cuts

May 2026 wholesales hit record highs across PVs (+27.3% to 4.39L), 2Ws (+14.8% to 19.02L), and 3Ws (+31% to 70,720). Exports surged 30.6% to 6.26L units, led by Bajaj Auto, TVS Motor, and Hero MotoCorp. Lower base effect and GST reductions powered the broad-based rebound.

— Filed Mon, 15 Jun, 2026, 12:03 IST · Source BL · Consumer & Economy · Updated

SIAM reports May 2026 auto wholesales grew 17.3% YoY to 24.1 lakh units, driven by lower base and GST cuts. PVs, 2Ws, 3Ws hit record May highs; exports surged 30.6% led by Bajaj, TVS, Hero.

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