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Passenger Vehicle Sales Hit Record in September as Inventory Rises
M
Moneycontrol•06-10-2026, 12:17
Passenger Vehicle Sales Hit Record in September as Inventory Rises
- •Passenger vehicle retail sales in India reached their highest-ever September level in 2026 at 4,27,213 units, marking a 32.10 percent year-on-year increase.
- •Dealer inventory rose further to around 43-45 days, remaining significantly higher than the recommended benchmark of 21 days as manufacturers prepare for the festive season.
- •Overall vehicle registrations across all categories reached 25,36,920 units in September, driven by strong growth in two-wheelers, commercial vehicles, and three-wheelers.
- •FADA cautioned that the sharp year-on-year growth was partly due to a weak base in September 2025 caused by deferred purchases ahead of GST 2.0 implementation.
- •Total automobile retail for the first half of FY27 reached a record 1,55,12,319 units, showing a 20.77 percent growth compared to the previous year.
Key Questions Answered
Passenger vehicle retail sales in India reached their highest-ever September level in 2026 at 4,27,213 units, marking a 32.10% increase year-on-year and a 6.17% increase month-on-month.
Dealer inventory levels rose further to around 43-45 days in September 2026, which is significantly higher than the recommended benchmark of 21 days set by FADA.
FADA cautioned against over-interpreting the sharp year-on-year growth because September 2025 had a weak base, as buyers had deferred purchases ahead of the implementation of GST 2.0.
