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Indian and foreign automakers will release their sales data for the month of March 2026 on Wednesday. Tata Motors, Maruti Suzuki, Mahindra and Eicher Motors are among the companies that are in focus. Shares could react to their sales data if it comes during trading session.
Based on the average of brokerage reports, it could be a strong finish to the financial year for two-wheelers, continued momentum in passenger vehicles, sustained demand in commercial vehicles driven by expectations of a GST rate cut, and improved tractor sales supported by early Navratri demand.
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
Source: Exchange filing
Source: Exchange filing
Source: Exchange filing
Source: Exchange filing
Source: Exchange Filing
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
Hyundai Motor India March Auto Sales Update (YoY):
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
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
Mahindra & Mahindra reported healthy growth across key segments in March, led by strong performance in passenger vehicles and tractors.
Total passenger vehicle (PV) sales rose 25% year-on-year to 60,272 units. This was marginally below market estimates of 61,821 units. Three-wheeler sales increased sharply by 39% year-on-year to 10,801 units during the month.
Total vehicle sales climbed 21% year-on-year to 99,969 units. Exports, however, grew at a slower pace, rising 4% year-on-year to 3,968 units.
The tractor segment delivered a strong outperformance. M\&M sold 43,403 tractors in March, marking a 33% year-on-year increase and comfortably beating estimates of 41,389 units.
Overall, the robust tractor volumes and steady growth in passenger vehicles underscore sustained demand momentum for the company, despite a slight miss on PV estimates.
SML Mahindra shares hit 5% upper band on NSE after March sales rose 6%.
Source: Exchange Filing
VST Tillers Tractors' total sales declined 37% YoY to 4,940 units.
Source: Exchange Filing
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