March Auto Sales Live Updates: TVS Motors EVs Sales Up 44%; Hero Motor Exports Surge

Japanese two-wheeler maker Suzuki Motorcycle on Wednesday said its total sales grew 11 per cent to 1,31,491 units in March from 1,18,364 units a year ago.

Its domestic retail sales rose 11 per cent to 1,08,661 units in the previous month from 98,176 units in March 2025, while exports contributed 22,830 units against 20,188 units, Suzuki Motorcycle India Pvt Ltd said.

The company also said that it concluded FY26 with its highest-ever annual sales of 14,39,415 units, registering a double-digit growth of 15 per cent over 12,56,155 units sold in FY25.

Source: PTI

TVS Motor on Wednesday said its total sales surged 25 per cent to 5,19,358 units in March 2026 as against 4,14,687 units in the same month last year.

Domestic two-wheelers registered a growth of 25 per cent with sales increasing from 2,97,622 units in March 2025 to 3,72,383 units last month. Motorcycle sales increased 18 per cent to 2,32,788 units from 1,96,734 units in March 2025, it said.

TVS Motors March Auto Sales (YoY)

Total Sales up 25% At 5.2 Lk Units
2-Wheeler Sales rises 25% At 5 Lk Units
EV Sales up 44% At 26,935 Units
Total Exports rises 25% At 1.4 Lk Units
3-Wheeler Sales up 46% At 21,224 Units

Maruti Suzuki March Production Volume (YoY)

• Total Production surges 19% at 2.32 lakh units. 
• PV Production rises 19% at 2.28 lakh units.
   

The Company’s Global Business recorded highest ever dispatches with growth of 16% in March 2026 with 45,693 units, compared to 39,518 units during the same period last year. The segment also recorded an all-time high of 40% dispatch growth in FY26. Strong demand for premium portfolio products across motorcycles and scooters drove growth in key international markets.

SOURCE: PRESS RELEASE

VIDA, Hero MotoCorp’s Emerging Mobility business, continued its upward growth trajectory with highest monthly VAHAN registrations of 21,434, recording a 70% month-on month growth in sales volume as compared to the previous month. Vida dispatches recorded full year growth of 154% in FY26.

Strong performance continued in March the ICE scooter segment with robust double-digit growth of 24%, supported by a strengthened product portfolio and scale-up of the Glamour and Xtreme range of Motorcycles. Additionally, the demand sentiment improved in the rural markets aided by early festive tailwinds.

SOURCE: PRESS RELEASE

Royal Enfield has recorded its highest-ever annual sales surpassing 1.2 million units in the financial year ending March 31, 2026, and marked the second consecutive year of crossing the 1 million annual sales. Domestic sales in this financial year grew 23% to 11,07,343 units while exports rose 23% to 1,31,316 units. 

Hero MotorCorp March Auto Sales (YoY)

• 2W sales rises 8.8% at 5.98 lakh units. 
• Total domestic sales up 8.3% at 5.5 lakh units. 
• Total exports rises 16% at 45,693 units.
• Motorcycle sales gains 5.1% at 5.3 lakh units. 
• Scooter sales rises 53% at 65,815 units. 

The sales of Eicher Motors in the month of March 2026 rose 11% over the corresponding month (March’25) to 1,12,334 units, allowing the company to close FY26 at 12,38,659 units, up 23% from FY 2024–25. Domestic sales rose 14% to 1,00,406, while exports fell 8% to 11,928.

Toyota Kirloskar Motor on Wednesday reported a 24% increase in its total vehicle sales to 37,194 units in March compared to the corresponding month of last year.

Domestic sales stood at 35,125 units in March 2026, up 24% from 28,373 vehicles in March 2025, while exports were also seen growing 24% year-on-year at 2,069 against 1,670 units in the same month last year, the company said.

On a full-year basis, total sales were up 20% at 406,081 vehicles, 367,107 units in the domestic market and 38,974 vehicles in exports, in fiscal year 2026 from 337,148 vehicles sold in the financial year ended March 31, 2025, Toyota Kirloskar Motor said.

SOURCE: PTI

Rahul Bharti, Senior Executive Officer, Corporate Affairs, Maruti Suzuki 

• Set a target of 4 lakh exports for FY26
• Beaten our own target, 36.6% growth, over 4. 40 lakhs 
• Strong exports despite Geopolitical situation

Partho Banerjee, Senior Executive Officer, Marketing and Sales , Maruti Suzuki says

• Victoris has a strategic reflection 
• Fastest SUV to touch 50 K sales 
• Holding 18% share in mid SUV segment 
• 7 models have done more than 1.5 lakh volumes in previous FY 
• We are having network stock of just 12 days 
• Opening FY with low stock

Force Motors March Auto Sales (YoY)

• Total Sales rises 13.5% at 4,199 units.
• Total domestic sales surge 14.4% At 4,126 units.
• Total exports fell 22.3% At 73 units.

Partho Banerjee, Senior Executive Officer, Marketing and Sales , Maruti Suzuki says

• Did a wholesale of 1.69 lakhs in March, 11% growth 
• Supply chain team working hard
• Situation is dynamic, hope the worse gets over 
• Management will take a call on price hike 
• Holding price hike since first time buyers are coming 
• Will review when we need to pass on the prices to our customers

Maruti Suzuki On EVs

• Getting 2000 enquiries everyday for EVs
• Got good number of bookings, we don't deliver car until home chargers are setup
• Many customers don't have adequate backup power for home charger 
• To soon to say anything on EVs pre and post war since we've just started

Maruti Suzuki On middle East Impact and exports

• We are highly diversified in Exports 
• Exposure to ME was 12.5% of total exports in FY26
• EV exports on growth path 
• Will do everything to minimise impact of war till one extent

On challenges

• There will be higher costs on exports due to war 
• Holding on to it well considering geopolitical situation 
• Too early to speak on EVs

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Partho Banerjee, senior executive officer for marketing and sales at Maruti Suzuki, said that FY26 should be viewed in two distinct halves. According to him, the company was the first to introduce six airbags as a standard feature in the first half of the year, while demand in the second half was significantly boosted by GST-related factors. Retail growth stood at 16.6% in the second half, broadly in line with booking growth of around 16%. 

In the domestic market, Maruti Suzuki recorded its highest-ever sales of over 16 lakh units and also achieved its highest monthly sales in March in terms of both dispatches and retail. The company currently has a healthy order book of 1.9 lakh units. Banerjee added that Maruti Suzuki is now the number two player in the SUV segment and continues to lead the industry in volume terms. He also highlighted that the Dzire remained the number one car both in the calendar year and the financial year, with cumulative sales crossing 2.36 lakh units.

Source: Concall

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Maruti Suzuki March Auto Sales (YoY)

• Total Sales up 16.7% at 2.25 lakh units
• Domestic Sales up 11.4% at 1.78 lakh units
• Total Exports up 42.7% at 47,040 units
• Car Sales At 2.25 lakh units Vs estimate of 2.20 lakh units

Source: Exchange filing

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Ashok Leyland March Auto Sales (YoY)

• Total Sales up 5% at 25,381 units
• Domestic Sales up 5% at 23,743 units 
• Total Sales at 25,381 units Vs Estimate of 27,818 units

Source: Exchange filing

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Tata Motors PV March Auto Sales (YoY)

• Total Sales up 29% At 66,971 units 
• Domestic Sales up 28% At 66,192 units 
• Exports At 779 Units Vs 256 units 
• PV Sales At 66,971 Units Vs Estimate Of 66,046 Units

Source: Exchange filing

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Tata Motors CV March Auto Sales (YoY)

•  Total CV Sales up 17% at 47,976 units
•  Domestic CV Sales up 18% at 45,825 units 
• Total Sales at 47,976 units vs estimate of 49,456 units

Source: Exchange filing

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Eicher Motors March Auto Sales (YoY)

• Total Sales at 13,311 Units Vs Estimate Of 13,314 units   
• Total Sales up 10% at 13,311 units 
• Domestic Sales up 13.6% at 12,706 units 
• Exports down 38.8% At 407 units 

Source: Exchange Filing

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Atul Auto March Auto Sales (YoY): 

• Total Sales up 14% at 4,212 Units 
• Domestic Sales up 0.4% At 3,404 Units 

Source: Exchange Filing

Hyundai Motor India achieved total Q4 sales of 2,08,275 units in the January to March 2026 period, reporting a YoY growth of 8.7%. This includes domestic Q4 sales of 1,66,578 units (8.5% YoY) – HMIL’s highest-ever quarterly tally for domestic sales since inception and Q4 export contribution of 41,697 units (9.4% YoY).

Source: Exchange Filing

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Hyundai Motor India March Auto Sales Update (YoY): 

• Car Sales: 69,004 units vs estimate of 67,143 units
• Total Sales (GU): Up 2.5% YoY at 69,004 units
• Domestic Sales (GU): Up 6.3% YoY at 55,064 units
• March Exports: 13,940 units

Source: Exchange Filing

Ola Electric said demand recovery in March is being driven by a structural transformation in service operations. Over 80% of vehicles are now serviced on the same day, enabled by improved parts availability, faster diagnostics, and tighter operational control across the network.

Following a period of service challenges in recent months, the company has implemented deep operational changes, resulting in significantly improved turnaround times and customer experience, strengthening customer trust and driving demand.

Source: Exchange filing

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Ola Electric reported a strong surge in activity during March, with daily orders crossing the 1,000-unit mark in the final week of the month.

Vehicle registrations rose sharply by 150% month-on-month to 10,117 units, indicating a significant.

Source: Exchange filing

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SML Mahindra shares hit 5% upper band on NSE after March sales rose 6%.  

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Escorts Kubota March auto sales update (YoY): 

• Tractor Sales at 12,119 units vs estimate of 13,075 units
• Tractor Exports down 10.4% YoY at 537 units  
• Domestic Sales up 7.5% at 11,582 units  
• Total Tractor Sales up 6.6% at 12,119 units

Source: Exchange Filing

VST Tillers Tractors' total sales declined 37% YoY to 4,940 units.

SML Mahindra March auto sales update (YoY): 

• Total Sales up 6% at 2,457 units  
• PV Sales up 8% at 1,851 units 
• Cargo Vehicle Sales up 2% at 606 units   

Source: Exchange Filing