Maruti, Hyundai, Mahindra post record October sales as passenger vehicle dispatches cross 5-lakh mark

India's passenger vehicle (PV) wholesales crossed the 5-lakh mark for the first time in October, driven by strong festive demand, with leading automakers such as Maruti Suzuki, Hyundai Motor India and Mahindra & Mahindra (M&M) reporting their highest-ever monthly sales. Domestic passenger vehicle dispatches to dealers are estimated at 5.25-5.3 lakh units in October, compared with 4.6 lakh units in the corresponding month last year. This translates into year-on-year growth of around 13-15 per cent, despite a high base in October 2025. "My take is, the industry should be between 5.25-5.3 lakh units," said Partho Banerjee, senior executive officer at Maruti Suzuki.

Market leader Maruti Suzuki reported domestic passenger vehicle dispatches of 2.12 lakh units in October, registering 20 per cent growth over the year-ago period. Tata Motors recorded a 21 per cent increase in domestic wholesales to 73,894 units, while Mahindra & Mahindra posted 2 per cent growth to 73,338 units. Hyundai Motor India reported a 16.7 per cent rise in domestic wholesales to 62,799 units. Festive demand drives October dispatches The strong wholesale numbers were largely supported by automakers stocking up dealerships ahead of the peak festive buying period. With Dhanteras and Diwali falling in the first half of November, October dispatches largely reflect preparations by manufacturers to meet expected festive demand.