SIAM Q2 sales for FY2026-27 rose 18.2% year-on-year to 83.88 lakh units, and all four vehicle segments recorded their highest-ever Q2 sales, according to the Society of Indian Automobile Manufacturers (SIAM). The figures cover July to September 2026 and were reported by ANI on October 15, 2026.
Passenger vehicles grew 30.7% to 13.61 lakh units, two-wheelers rose 15.2% to 64.33 lakh units, three-wheelers gained 23.6% to 2.85 lakh units and commercial vehicles climbed 28.7% to 3.09 lakh units. SIAM Director General Rajesh Menon said Q2 of FY 2026–27 “recorded the highest ever Q2 sales of all the segments.”
What Drove the Record SIAM Q2 Sales in July–September 2026?
SIAM attributed the growth to improved affordability after GST 2.0, healthy rural and urban demand, steady freight movement, infrastructure-led economic activity and a gradual vehicle replacement cycle. Utility vehicles made up 68% of passenger vehicle sales and rose 34.2%, while passenger car sales grew 24.9%. In two-wheelers, scooter sales jumped 27.7% and motorcycle sales rose 7.4%.
How Did Exports Perform in the Quarter?
Two-wheeler exports rose 27.7% to 16.5 lakh units, the highest-ever Q2 level for the segment. Three-wheeler exports increased 30.4% to 1.6 lakh units, and commercial vehicle exports surged 72.5% to more than 41,000 units. Passenger vehicle exports were the exception: they fell 5.2% to 2.29 lakh units, which SIAM linked to a higher base and logistics constraints tied to the West Asia crisis.
Market Reaction and Industry Response
The source report did not include stock-market reaction or analyst commentary, so none is cited here. The industry body’s own tone was measured: SIAM President Shenu Agarwal said the industry is “remaining cautiously optimistic due to prevailing geo-economic uncertainties.”
What Happens Next for Indian Auto Sales?
SIAM expects positive growth in the second half of FY2026-27, supported by the festive season, new launches, infrastructure spending, fleet replacement and last-mile mobility demand. It also warned that higher inflation, possible interest rate hikes and geopolitical uncertainty could hurt demand, and that growth may moderate against a higher base.
Frequently Asked Questions
How many vehicles did India sell in Q2 FY2026-27?
Total domestic auto sales reached 83.88 lakh units in July–September 2026, up 18.2% from a year earlier, according to SIAM.
Which vehicle segment grew fastest in the quarter?
Passenger vehicles grew fastest among the four segments at 30.7%, reaching 13.61 lakh units. Commercial vehicles followed at 28.7%, three-wheelers at 23.6% and two-wheelers at 15.2%.
What risks does SIAM see for the rest of FY2026-27?
SIAM flagged higher inflation, possible interest rate hikes and geopolitical uncertainty as risks, and noted that growth may moderate against a higher base.
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