Toyota Kirloskar Motor Reports 26,847 Wholesales for September 2024
- By MT Bureau
- October 01, 2024
Toyota Kirloskar Motor (TKM), one of the leading passenger vehicles manufacturer in the country, has announced a 14 percent growth in its wholesales for September 2024.
The company reported sales of 26,847 units, as compared to 23,590 units, which includes sales of 23,802 units in domestic market and exports totalling 3,045 units.
In H1 FY2024-2025, Toyota Kirloskar Motor achieved a notable increase in vehicle deliveries, reaching a total of 1,62,623 units. This marks the company’s strongest performance ever in India. For reference, the company had sold 1,23,939 units in the corresponding period of the previous financial year.
Sabari Manohar, Vice-President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “As the festive fervour picks-up footfalls and enquiries are charged up which makes us positive of a very good festive season. Notably, our SUV, MPV, and small car segments have experienced significant growth nationwide, contributing over 90 percent to our sales in in the month of September.”
“Key to meeting this rising demand has been our strategic operational improvements, such as the introduction of a third shift. This has significantly optimised our supply chain, particularly for high-demand models where waiting periods have been reduced.
We have also consistently implemented customer-centric programs and value-added services aimed at further building on market synergies. In keeping with the festive spirit, we’ve introduced the 555 Plus program that offers exciting new schemes and customer benefits such as extended warranties, free service, Roadside Assistance and attractive exchange offers across key models, giving our customers every reason to celebrate with Toyota this season. We recently, we introduced initiatives like TCare, which consolidates multiple value chain offerings under a single brand, providing top-tier convenience and a hassle-free experience. Furthermore, with our 1,045 touchpoints and diverse product portfolio, we effectively meet our customers' needs, whether they're seeking lifestyle-driven options or solutions for family mobility,” he concluded.
JSW MG Motor India Sells 8,013 PVs In October 2026
- By MT Bureau
- November 01, 2026
JSW MG Motor India, one of the leading passenger and electric vehicle manufacturers, has announced its wholesales for October 2026.
The automaker reported witnessing a strong response for its recently introduced MG Hector Tomahawk EV across India.
Last month, the company reported sales of 8,013 units, which was 19 percent higher YoY.
Mahindra Records Highest-Ever Monthly Sales Of 73,338 SUVs In October 2026
- By MT Bureau
- November 01, 2026
Mumbai-headquartered SUV major Mahindra & Mahindra has announced its wholesales of 73,338 units in the domestic market for October 2026, which was 2 percent higher than 71,624 units sold last year. Exports came to 1,566 units.
On the other hand, the company sold 33,037 commercial vehicles in the domestic market, up 4 percent YoY, as compared to 31,741 units sold last year.
Dr. Velusamy R, President, Automotive Business, Mahindra & Mahindra, said, “October was a landmark month for us, with SUV sales topping at 73,338 units and total vehicle sales of 131,109, both the highest we have ever clocked in a month. The festive season, together with a refreshed portfolio, kept demand strong across SUVs, pick-ups and three-wheelers. Our first CNG vehicle, the XUV 3XO ZNG has also seen strong traction with customers.”
Hyundai India Reports Record Wholesales Of 62,799 PVs In October
- By MT Bureau
- November 01, 2026
Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced domestic wholesales of 62,799 units in October, which was 16.7 percent higher YoY.
On the other hand, exports came at 19,500 units, up 21.1 percent YoY, taking the total sales last month at 82,299 units.
Interestingly, the robust domestic wholesales last month were the highest-ever monthly sales recorded by the company in its operations, which also enabled it to witness the highest-ever total wholesales (domestic + export).
The Hyundai Venue compact SUV continued to witness a robust demand clocking sales of 13,017 units last month, its highest-ever domestic performance.
Tarun Garg, MD & CEO, Hyundai Motor India, said, “October 2026 has been an exceptional month for Hyundai Motor India, with total sales of 82,299 units, our highest-ever monthly sales since inception with a robust 17.7 percent YoY growth. Strong festive demand, coupled with healthy momentum in both domestic and export markets, helped us set this new sales record. Going forward, the newly launched Hyundai Bayon - our Intelligent Utility Vehicle, will provide further impetus to our growth in India as well as across 50+ export markets, reinforcing India’s role as a strategic manufacturing and export hub for Hyundai.”
Indian Passenger Vehicle Segment To Clock 6% Growth In FY2027: ICRA
- By MT Bureau
- October 31, 2026
The Indian passenger vehicle wholesale volumes expanded by 22 percent YoY to 460,000 units in September 2026, while retail sales grew by 43 percent over the same period, according to a latest report by rating agency ICRA.
But despite the fireworks, ICRA projects the overall full-year wholesale volume growth to moderate to 4–6 percent for FY2027.
The rating agency cited factors including an elevated base in H2 FY2026, the normalisation of pent-up demand, potential impacts from a below-average monsoon on rural sentiment, and vehicle price increases announced by manufacturers to offset rising input costs.
ICRA stated that the high-volume growth in September was supported by replacement demand following Goods and Services Tax (GST) rate cuts, sustained traction for new model launches and pre-festive stocking by original equipment manufacturers.
For H1 of FY2027, wholesale dispatches and retail registrations grew by 28 percent and 29 percent YoY, respectively, compared to a lower base in H1 FY2026. Dealer inventory levels rose to 43–45 days at the end of September 2026 due to pre-festive channel filling, remaining below the 60-day inventory level recorded in September 2025.
The report stated that SUVs accounted for approximately 68 percent of overall passenger vehicle volumes in H1 FY2027, maintaining its position as the primary segment driver, while entry-level and compact car segments recorded volume recoveries following the GST adjustments.
Electric vehicle penetration increased to 7.5 per cent in H1 FY2027, up from 4.2 percent in FY2026. In the export market, dispatches rose 25.8 percent sequentially in September 2026, led by Maruti Suzuki India and Hyundai Motor India.
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