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.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..