Kia India Records Highest-Ever April Sales Of 27,286 Units In 2026
- By MT Bureau
- May 01, 2026
Kia India, one of the leading passenger vehicle manufacturers, has reported its strongest April performance since beginning operations in the country.
The automaker achieved wholesale volumes of 27,286 units, witnessing a 16 percent YoY growth compared to the 23,623 units sold in April 2025.
For CY2026, the company states it has recorded 111,611 unit wholesales YTD, a 13 percent increase over the 99,199 units sold during the same period the previous year.
Kia India also reached a cumulative 1.5 million domestic sales milestone within seven years of operating in the Indian market.
The company attributed the robust performance to the Seltos SUV, which remains the primary volume driver, accounting for over 41 percent of total sales. The Sonet follows with a 36 percent share, whilst the Carens line-up contributes 20 percent.
In April 2026, Seltos and Sonet SUVs surpassed the 10,000-unit mark.
Atul Sood, Senior Vice-President – Sales & Marketing, at Kia India, said, “Our highest-ever April performance builds on the steady growth we have seen over the past several months. This momentum is being led by the new Kia Seltos, with Sonet and Carens along with Clavis continuing to strengthen our presence across key segments through ongoing enhancements. The expansion of our service network further reflects our focus on improving accessibility and delivering seamless ownership experience to customers.”
JSW MG Motor India has reported its wholesales for April 2026, selling 6,018 passenger vehicles (PVs), up 3 percent YoY.
The company said despite the supply chain disruptions due to the West Asia crisis, it witnessed growth across its internal combustion engine (ICE) and new energy vehicle portfolios.
JSW MG Motor India stated that market demand has softened as the crisis dampened consumer sentiment.
Mahindra Auto Sells 56,331 SUVs In April 2026
- By MT Bureau
- May 01, 2026
Mumbai-headquartered SUV major Mahindra & Mahindra has announced wholesales of 56,331 units in April 2026, up 8 percent as against 52,330 units sold last year, while exports came at 1,502 units last month.
On the other hand, domestic commercial vehicle wholesales stood at 23,427, which was 7 percent higher YoY. This includes 20,443 LCV in the 2-tonne to 3.5-tonne range, up 7 percent YoY, and 2,984 LCV in the less than 2-tonne category, up 13 percent YoY.
Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra & Mahindra, said, “The year 2027 has begun on a positive note in April by achieving SUV sales of 56,331 units, a growth of 8 percent and total vehicle sales of 94,627 units, a 14 percent growth over the same month last year.”
Hyundai Motor India Reports Record 51,902 Unit Wholesales In April 2026
- By MT Bureau
- May 01, 2026
Hyundai Motor India (HMIL), one of the leading passenger vehicle manufacturers, has announced its highest-ever domestic sales for the month of April, reaching 51,902 units, which marks a 17 percent YoY growth over April 2025.
Last month, the company sold 51,902 units in the domestic market and exported 13,708 units. Interestingly, the popular Hyundai Venue C-SUV achieved its highest-ever monthly domestic sales of 12,420 units in April 2026.
Tarun Garg, MD & CEO, Hyundai Motor India, said, “We have opened the new financial year on a strong note, carrying forward the momentum built in recent months into April 2026. With monthly domestic sales of 51,902 units, Hyundai Motor India has achieved its highest-ever April domestic sales, registering a robust 17 percent YoY growth. The encouraging response to our recent product interventions, including the new Exter, Verna, Ioniq 5 and Creta Summer Edition, Grand i10 NIOS Vibe Edition and Venue Knight Edition – has reinforced the competitiveness of our line-up. The 5‑Star Bharat NCAP rating for Venue and Venue N Line further exemplifies our steadfast commitment to safety, contributing to the model’s highest-ever monthly domestic sales of 12,420 units. As we move ahead, we remain dedicated to delivering future-ready innovation, benchmark safety and a delightful ownership experience for customers across India.”
Redseer Report Projects India’s Used-Car Market To Double To $70 Billion By FY31
- By MT Bureau
- April 30, 2026
Redseer Strategy Consultants has released a new report stating that India is on track to become one of the world’s most attractive used-car markets. The analysis focuses on retail transactions of passenger vehicles. Market value is projected to double from approximately USD 35 billion in fiscal year 2026 to nearly USD 70 billion by fiscal year 2031.
Currently ranked fifth largest globally, India is forecast to rise to third place by the end of the decade, behind only United States and China. Unlike mature markets, India remains the fastest-growing among leading used-car economies. Structural advantages such as rising household incomes and a rapidly expanding car parc – expected to exceed 50 million vehicles by 2031 – support this trajectory.
A major structural shift is the compression of the car replacement cycle, which has fallen from seven to eight years in fiscal year 2021 to an expected four to five years by fiscal year 2031. Metros and Tier 1 cities are leading this transition. Shorter ownership cycles, driven by technology upgrades and evolving consumer preferences, are expected to significantly boost supply circulation.
Annual retail used-car sales are expected to reach 9–10 million units by 2031, while average selling prices will rise to between INR 650,000 and 690,000. Around 280 million households are predicted to be financially capable of buying a used car by 2031. About 65 percent of buyers are first-time owners. Financing penetration is projected to increase to 30 to 40 percent. Nevertheless, nearly 80 percent of transactions remain unorganised.
India’s used-to-new car ratio, projected to reach 1.6 to 1.7 by 2031, remains below mature market levels. Approximately 50,000 fragmented local dealers move only four to six cars per month using visual-only inspections and negotiation-led pricing. The formats serving most buyers score poorly on quality, transparency and post-sale support.
Full-stack players are addressing the trust deficit through end-to-end control over sourcing, inspection, refurbishment, technology-based pricing and value-added services. These platforms are projected to capture five to six percent market share by 2031, translating to roughly USD 4 billion in gross merchandise value. Globally, this model has proven profitable at scale, and India’s leading firms are following the same path.
Kushal Bhatnagar, Associate Partner, Redseer Strategy Consultants, said, “India’s used-car market is undergoing a fundamental transition from an informal, price-led space to a far more structured and trust-oriented mobility ecosystem. Shorter replacement cycles, rising incomes and improved access to financing are collectively expanding both supply and demand in a sustained manner. What is particularly significant is the shift in consumer mindset. Used cars are no longer being chosen merely as an economical alternative born out of compulsion but are increasingly being preferred for value optimisation, assured quality and the convenience offered by organised platforms. As these organised models, led by full-stack players, continue to scale and gradually eliminate the longstanding trust deficit, the used-car market is well positioned to establish itself as a central pillar of India’s personal mobility landscape.”
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