India PV Market Share January 2026: Maruti Leads, Tata-Mahindra Battle Intensifies
The Federation of Automobile Dealers Associations (FADA) has published its monthly passenger vehicle wholesales data for January 2026, offering a clear picture of how automakers performed in the first month of the calendar year.
Maruti Suzuki continues its unchallenged run at the top, while Hyundai, Tata Motors, and Mahindra remain locked in a tight race for the second spot. Here is the complete manufacturer-wise ranking based on January 2026 sales.
OEM-wise Passenger Vehicle Sales – January 2026
| Rank | Automaker | January 2026 Sales | Market Share |
|---|---|---|---|
| 1. | Maruti Suzuki | 2,16,043 | 42.00% |
| 2. | Hyundai Motor India | 65,914 | 12.84% |
| 3. | Tata Motors | 63,558 | 12.38% |
| 4. | Mahindra & Mahindra | 63,366 | 12.34% |
| 5. | Toyota Kirloskar | 35,053 | 6.83% |
| 6. | Kia India | 29,954 | 5.83% |
| 7. | Skoda-VW Group | 9,794 | 1.91% |
| 8. | JSW-MG Motor | 5,926 | 1.15% |
| 9. | Honda Cars India | 5,848 | 1.14% |
| 10. | Renault India | 4,839 | 0.94% |
Maruti Suzuki Maintains Commanding Lead
India’s largest passenger vehicle manufacturer Maruti Suzuki reported total sales of 2,16,043 units in January 2026. The automaker holds a formidable 42% market share, reaffirming its stronghold in the domestic market.
The company continues to benefit from sustained demand in the entry-level and small car segments, where a large base of first-time car buyers consistently prefers Maruti Suzuki models over competitors.
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Hyundai Motor India Back in Second Spot
Hyundai Motor India reclaimed the second position during January 2026. After briefly slipping to third place last year, the Korean carmaker registered 65,914 units sold during the month.
Its market share stood at 12.84%, which remains stable compared to the same period last year. The company’s strong SUV lineup and consistent performance helped it regain the runner-up slot.
Tata Motors Holds Third, Posts Healthy Growth
Tata Motors secured the third rank with 63,558 units dispatched in January 2026, capturing a 12.38% share of the PV market.
The homegrown automaker recorded strong year-on-year growth, having sold 54,885 units in January 2025. The company continues to see healthy demand for its passenger vehicle portfolio.
Mahindra & Mahindra Stays Close Behind
Mahindra & Mahindra continues its robust run in the passenger vehicle segment, trailing Tata Motors by a narrow margin. The company sold 63,366 units last month, achieving a market share of 12.34%.
Mahindra’s sustained momentum in the utility vehicle space keeps it firmly among the top players in the Indian market.
Toyota Kirloskar Ranks Fifth
Toyota Kirloskar Motor finished fifth with 35,053 units sold in January 2026, giving it a 6.83% market share.
Demand remains strong for its hybrid portfolio as well as flagship models like the Innova and Fortuner. The company has also entered the electric vehicle space with the launch of the Urban Cruiser Ebella, which is based on the Maruti Suzuki eVitara.
Kia India Reports Steady SUV, MPV Demand
Kia India sold 29,954 units during January 2026, capturing a 5.83% market share. The brand continues to witness strong offtake for its SUVs and MPVs.
The company recently introduced the next-generation Seltos, which is reportedly receiving encouraging booking numbers from customers.
Skoda-Volkswagen Group Sales Cross 9,700 Units
The Skoda-Volkswagen Group posted combined sales of 9,794 units in January 2026, holding a 1.91% market share.
Key volume contributors include the Kylaq and Virtus models. The group also includes luxury carmaker Audi AG, which operates separately in the premium vehicle segment.
JSW-MG Motor Crosses 5,900 Units
JSW MG Motor India recorded sales of 5,926 units in the first month of 2026, accounting for a 1.15% market share.
The MG Windsor EV has emerged as a significant sales contributor, especially in the country’s rapidly expanding electric vehicle market.
Honda Cars India Reports 5,848 Sales
Honda Cars India sold 5,848 units in January 2026, securing a 1.14% market share. The company currently offers three models in India — City, Elevate, and Amaze.
The City e: HEV hybrid variant continues to be available, and the automaker is expected to broaden its India portfolio during 2026.
Renault India Closes Top 10
Renault India recorded sales of 4,839 units last month, giving it a 0.94% market share.
The company recently reintroduced the popular Duster nameplate in India. Pricing details for the new model are expected to be announced shortly, which is likely to boost sales momentum in the coming months.
Frequently Asked Questions (FAQs)
1. Which carmaker had the highest market share in India during January 2026?
Maruti Suzuki led the passenger vehicle market with a 42% share, selling 2,16,043 units in January 2026.
2. Who secured the second position in car sales for January 2026?
Hyundai Motor India reclaimed the second spot with 65,914 units sold and a 12.84% market share.
3. What was the sales difference between Tata Motors and Mahindra in January 2026?
Tata Motors sold 63,558 units while Mahindra sold 63,366 units, a difference of just 192 units.
4. Which electric model is driving volumes for JSW-MG Motor?
The MG Windsor EV has emerged as a key sales driver for JSW-MG Motor in the growing electric vehicle segment.
5. How many models does Honda Cars India currently offer?
Honda Cars India currently offers three models: City, Elevate, and Amaze. The City is also available in a hybrid version called City e: HEV.
Disclaimer:
This article is based on publicly released data from the Federation of Automobile Dealers Associations (FADA). All sales figures and market share information presented are as reported by the respective automakers and FADA. The content is for informational purposes only and does not constitute commercial or investment advice.