Maruti Suzuki Gains Market Share in H1 FY27; Tata Motors Rises and Hyundai Loses Ground

Passenger vehicle wholesales in India increased 28.3% to 26,37,067 units in April-September 2026, against 20,55,122 units in the same period last year, according to Moneycontrol report citing the Society of Indian Automobile Manufacturers (SIAM).  

The figures cover dealer dispatches and exclude certain luxury car manufacturers. 

Maruti Suzuki's Market Share Rises 

Maruti Suzuki India’s market share reached 40.96% in the first half of FY27, compared with 38.71% a year earlier. The increase of 2.25 percentage points follows a decline to 39.26% in FY26, when competition from SUV-focused manufacturers affected its share.  

The company recorded higher dispatches after increasing production at its new manufacturing facility. Demand for small cars, SUVs, and CNG-powered vehicles also contributed to the increase.  

During an October 1, 2026, sales call, Maruti Suzuki cited the updated Brezza SUV and Baleno hatchback among the models driving demand. 

Tata Motors Moves Ahead of Mahindra 

Tata Motors increased its market share to 14.82% from 13.32%, moving ahead of Mahindra & Mahindra to become the country's second-largest passenger vehicle manufacturer by domestic wholesales. Mahindra's share fell to 13.58% from 14.48%. 

Tata Motors Passenger Vehicles MD and CEO Shailesh Chandra cited demand for updated models, including the Tiago hatchback and Punch SUV, along with the company's electric and CNG powered vehicles. 

Hyundai's Share Falls 

Hyundai Motor India's  market share declined to 11.57% from 13.22%, a fall of 1.65 percentage points. Its share has decreased from 13.92% in FY25 to 12.60% in FY26, when it lost the second position. 

Kia's share edged up to 6.40% from 6.37%. The combined share of Korean manufacturers fell to 17.97% from 19.60%. 

Changes Among Other Manufacturers 

Japanese manufacturers' combined share rose to 49.45% from 48.45%. Toyota's share fell to 6.56% from 8.07%, while Honda declined to 1.15% from 1.22%. Nissan's share increased to 0.77% from 0.44%. 

Indian-owned manufacturers, including Tata Motors, Mahindra and Force Motors, raised their combined share to 28.47% from 27.84%. 

European manufacturers' share fell to 3.05% from 3.68%, with Skoda and Volkswagen recording declines, while Renault and Stellantis posted small increases. 

Read More: Centre Sanctions 30-Day Ad Hoc Bonus for Eligible Government Employees for 2025-26! 

Conclusion 

Maruti Suzuki crossed 40% market share in H1 FY27, while Tata Motors moved ahead of Mahindra. Hyundai's share continued to fall as passenger vehicle wholesales grew across the domestic market. 

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