Mahindra Overtakes Hyundai in Q1 FY26 Domestic Sales

17 Jul 2025 CW Team

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.

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