India Vehicle Exports Set FY2025-26 Records in Key Segments
In the financial year from April 2025 to March 2026, the Society of Indian Automobile Manufacturers (SIAM) explicitly identified passenger-vehicle exports and two-wheeler exports as the highest ever for a financial year.
Other reported categories also recorded year-over-year growth in FY2025-26. Domestic sales for August 2026 provide a separate and later reference point within FY2026-27.
FY2025-26 Export Records: Passenger Vehicles and Two-Wheelers
SIAM reported passenger-vehicle exports of 905,200 units in FY2025-26, compared with 770,364 units in FY2024-25. SIAM stated growth of 17.5% and explicitly called the FY2025-26 result the highest ever exports for the segment in a financial year.
SIAM reported two-wheeler exports of 5,180,429 units in FY2025-26, compared with 4,198,403 units in FY2024-25. SIAM stated growth of 23.4% and explicitly called the FY2025-26 result the highest ever exports for the segment in a financial year.
| Segment | FY2024-25 exports | FY2025-26 exports | Change reported by SIAM |
|---|---|---|---|
| Passenger vehicles | 770,364 | 905,200 | 17.5% |
| Two-wheelers | 4,198,403 | 5,180,429 | 23.4% |
Data Table
| Period | Passenger vehicles | Two-wheelers |
|---|---|---|
| FY2024-25 | 770364 | 4198403 |
| FY2025-26 | 905200 | 5180429 |
Source: SIAM Industry Trends export table.
The two segments together accounted for a large share of total vehicle exports in both years. The FY2025-26 release identifies only passenger vehicles and two-wheelers as highest-ever annual export records.
How Other Vehicle Segments and Total Exports Moved
SIAM reported three-wheeler exports of 460,567 vehicles in FY2025-26, compared with 306,914 vehicles in FY2024-25. SIAM stated export growth of 50.1% year over year.
SIAM reported commercial-vehicle exports of 94,793 vehicles in FY2025-26, compared with 80,751 vehicles in FY2024-25. SIAM stated export growth of 17.4% year over year.
SIAM reported total exports of 6,647,685 vehicles in FY2025-26, compared with 5,362,884 vehicles in FY2024-25. The increase is approximately 24.0%, calculated from those table figures.
| Category | FY2024-25 exports | FY2025-26 exports | Change |
|---|---|---|---|
| Three-wheelers | 306,914 | 460,567 | 50.1% |
| Commercial vehicles | 80,751 | 94,793 | 17.4% |
| Grand total, all categories | 5,362,884 | 6,647,685 | approximately 24.0% |
The FY2025-26 release reports export growth for three-wheelers and commercial vehicles, but does not call either segment a highest-ever annual record. The release also does not label total vehicle exports as a record.
August 2026 Domestic Sales: A Later-Market Check
SIAM reported domestic sales in August 2026 of 439,309 passenger vehicles, 93,764 three-wheelers and 2,034,698 two-wheelers. The figures describe domestic sales in that month and are separate from FY2025-26 export totals.
For comparison, SIAM reported domestic sales in August 2025 of 321,840 passenger vehicles, 75,759 three-wheelers and 1,833,921 two-wheelers.
| Segment | August 2025 domestic sales | August 2026 domestic sales |
|---|---|---|
| Passenger vehicles | 321,840 | 439,309 |
| Three-wheelers | 75,759 | 93,764 |
| Two-wheelers | 1,833,921 | 2,034,698 |
Data Table
| Segment | August 2026 |
|---|---|
| Passenger vehicles | 439309 |
| Three-wheelers | 93764 |
| Two-wheelers | 2034698 |
Source: SIAM August 2026 release.
August 2026 therefore provides information on the domestic market at a later point in time. It does not update the FY2025-26 export record.
Read the August Figures Carefully: Fiscal-Year and Sales Definitions
FY2025-26 covers April 2025 to March 2026. August 2026 falls in FY2026-27 and belongs to a different reporting period from the FY2025-26 export records.
SIAM uses the label Domestic Sales in its public August releases. The August 2026 release reports domestic sales and does not report retail registrations. For terminology, these figures are described as SIAM domestic sales and wholesale dispatches, not retail sales.
The August releases also do not provide export figures in the facts reported here. As a result, August domestic sales and FY2025-26 exports measure different markets and different periods.
What the Export and Domestic Trends Mean for Vehicle Traders
The FY2025-26 data show export growth across each reported vehicle category. Passenger vehicles and two-wheelers reached stated annual records, while three-wheelers recorded the fastest reported percentage growth among the segments.
Sources
- Society of Indian Automobile Manufacturers (SIAM) — Auto Industry Performance of Q4 (Jan–March 2026) and FY 2025–26
- Society of Indian Automobile Manufacturers (SIAM) — Industry Trends — Automobile Exports Trends
- Society of Indian Automobile Manufacturers (SIAM) — Auto Industry Performance of August-2026
- Society of Indian Automobile Manufacturers (SIAM) — Auto Industry Performance of August-2025
Last updated: September 2026. FY2025-26 figures cover April 2025 to March 2026.