India Car Sales Jump 25.3% in May — TradingView News


Passenger vehicle sales in India grew 25.3% year-on-year in May 2026, accelerating sharply from a 2.5% rise in the previous month to 379,764 units.

It was the highest-ever sales figure for May, according to data from the Society of Indian Automobile Manufacturers (SIAM).

The surge in car sales was boosted by a low base effect from May last year and stronger demand driven by reduced Goods and Services Tax rates as well as easier financing.

Last month, SIAM stated that the positive momentum seen in the second half of FY 2025–26 continued into the first month of FY 2026–27.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *