+
Mahindra Overtakes Hyundai in Q1 FY26 Domestic Sales
ECONOMY & POLICY

Mahindra Overtakes Hyundai in Q1 FY26 Domestic Sales

The April to June quarter of FY26 saw a significant reshuffle in the rankings of automobile manufacturers, despite overall industry sales remaining largely unchanged. For the first time, Mahindra & Mahindra surpassed Hyundai Motor to become the second-largest automaker in the Indian domestic market.
Mahindra, India’s leading SUV manufacturer, reported a 22.3 per cent year-on-year increase in domestic sales, reaching 152,067 units in Q1 FY26 compared to 124,248 units during the same period last year. In contrast, Hyundai Motor India recorded an 11.5 per cent decline, with sales dropping to 132,259 units from 149,455 units in Q1 FY25.
However, Hyundai continued to dominate on the export front, shipping 48,140 units to international markets, while Mahindra exported only 5,950 units.
Tata Motors, meanwhile, lost its position in the Top 3, sliding to fourth place with a 9.6 per cent year-on-year drop in domestic sales to 129,369 units, compared to 143,232 units last year. The company’s export volume stood at 1,035 units.
Maruti Suzuki India Limited maintained its leadership in the passenger vehicle segment despite a 6 per cent drop in domestic sales, selling 393,572 units compared to 419,114 units during the same quarter last year. The company performed strongly in exports, clocking 96,181 units in the global market.
In the two-wheeler segment, Honda Motorcycles & Scooters India is rapidly closing in on Hero MotoCorp’s top position. Hero MotoCorp sold 1,302,657 units, while Honda trailed closely with 1,228,993 units—a difference of just 73,664 units.
These shifts highlight changing dynamics in India’s automotive landscape, driven by evolving consumer preferences and market strategies across domestic and global markets. 

The April to June quarter of FY26 saw a significant reshuffle in the rankings of automobile manufacturers, despite overall industry sales remaining largely unchanged. For the first time, Mahindra & Mahindra surpassed Hyundai Motor to become the second-largest automaker in the Indian domestic market.Mahindra, India’s leading SUV manufacturer, reported a 22.3 per cent year-on-year increase in domestic sales, reaching 152,067 units in Q1 FY26 compared to 124,248 units during the same period last year. In contrast, Hyundai Motor India recorded an 11.5 per cent decline, with sales dropping to 132,259 units from 149,455 units in Q1 FY25.However, Hyundai continued to dominate on the export front, shipping 48,140 units to international markets, while Mahindra exported only 5,950 units.Tata Motors, meanwhile, lost its position in the Top 3, sliding to fourth place with a 9.6 per cent year-on-year drop in domestic sales to 129,369 units, compared to 143,232 units last year. The company’s export volume stood at 1,035 units.Maruti Suzuki India Limited maintained its leadership in the passenger vehicle segment despite a 6 per cent drop in domestic sales, selling 393,572 units compared to 419,114 units during the same quarter last year. The company performed strongly in exports, clocking 96,181 units in the global market.In the two-wheeler segment, Honda Motorcycles & Scooters India is rapidly closing in on Hero MotoCorp’s top position. Hero MotoCorp sold 1,302,657 units, while Honda trailed closely with 1,228,993 units—a difference of just 73,664 units.These shifts highlight changing dynamics in India’s automotive landscape, driven by evolving consumer preferences and market strategies across domestic and global markets. 

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code