India's October car and two-wheeler sales rise on festive demand, EV share falls
India's passenger-vehicle registrations approached 500,000 in October and two-wheelers topped 2.3 million, but electric share declined in both segments.
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what happened
Passenger-vehicle registrations in India came close to 500,000 in October, according to VAHAN data reported by businessline and cited by Moody's. Sales rose 15.1% to 498,208 from 432,802 in September, lifted by festive buying ahead of Diwali. Two-wheeler registrations jumped 28.7% to 2,320,139.
Electric share fell in both segments. Electric cars dropped to 7.18% from 8.61%, and electric two-wheelers slipped to 9.65% from 11.58%. Electric two-wheelers still reached their 2026 monthly peak at 223,886 units, but conventional models grew faster.
why it matters
For investors in the Indian auto sector, the data points to strong retail demand, with Maruti Suzuki saying dealer inventory was just 12 days ahead of Diwali. Analyst Aveek Chattopadhyay warned that November growth could slow due to fewer working days and uneven rural demand. Supply constraints at Tata Motors' electric car business remain a separate risk to watch.
tags
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sources
- Festive surge: Cars near 5 lakh despite EV dip; two-wheelers top 23 lakh as electric models hit 2026 peak — Moody's, 1 November 2026 at 16:01 UTC
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