Auto volumes in January 2026 showed strong momentum across segments, with commercial vehicles, passenger vehicles, two wheelers, and tractors all reporting double-digit growth. The strength extended beyond OEMs, with wheel ancillaries recording their highest-ever monthly turnover, pointing to sustained production activity across the value chain.

Passenger and Utility Vehicles Remain a Key Growth Driver

Passenger vehicle demand remained strong, led by SUVs and utility vehicles.

• Tata Motors Passenger Vehicles reported 47.1 percent YoY growth, selling 48,176 units compared with 32,905 units in January last year.

• Mahindra & Mahindra SUV sales rose 25 percent YoY to 63,510 units, up from 50,859 units.

• Tata’s electric vehicle portfolio saw a 72.7 percent surge, with 9,052 EV units sold versus 5,240 units previously.

Commercial Vehicles Show Widespread Strength

Commercial vehicle volumes reflected healthy economic activity and improved freight movement.

• Tata Motors CV sales increased 29.9 percent, driven by growth across LCV and M&HCV segments.

• Ashok Leyland reported a 31 percent rise, selling 18,045 vehicles, with strong traction in medium and heavy CVs.

• Eicher Motors CV volumes grew 24.9 percent to 8,480 units.

• BharatBenz posted 40 percent growth, with 3,205 units sold compared with 2,293 units earlier.

Tractors and Farm Equipment Deliver Strong Growth

Tractors remained one of the strongest-performing segments in January.

• Domestic tractor demand grew 50.8 percent, supported by favourable farm sentiment and replacement demand.

• Mahindra Farm Equipment reported 46 percent growth, selling 38,484 tractors versus 26,305 units last year.

Two Wheelers Continue Their Recovery

Two wheeler volumes maintained double-digit growth during the month.

• TVS Motor Company recorded 29 percent YoY growth, driven by scooters and motorcycles.

• Royal Enfield sales rose 14 percent, with 104,322 motorcycles sold, supported by steady mid-size motorcycle demand.

• Growth was supported by higher traction in electric and commuter segments, even as larger engine categories remained mixed.

Auto Ancillaries Hit Record Turnover

The strength in OEM volumes translated into record performance for suppliers.

• SSWL reported 17.32 percent YoY net turnover growth, reaching ₹4,830 crore, marking the highest-ever monthly turnover for the company.

• The data reflects higher production schedules and improved utilisation across wheel and component manufacturers.

Key Takeaway

January 2026 auto volume data indicates a broad-based recovery rather than isolated segment strength. Consistent growth across OEMs, coupled with record turnover for wheel ancillaries, points to improving demand visibility and a supportive operating environment for the auto ecosystem.