What set the record in January 2026 car sales India?

Passenger vehicle wholesales touched about 4.5 lakh units, the highest for January. Strong SUV demand, a post-GST cut lift to affordability, lean dealer stocks, and steady financing drove the surge. New launches and improved supply of popular variants further supported dispatches, keeping factory lines busy and dealer throughput healthy.

How did Hyundai perform in January 2026?

Hyundai January 2026 sales reached an all-time high with 59,107 domestic units and 73,137 total, supported by strong SUVs like Creta, Venue, and Exter. Better variant availability and resilient retail finance aided conversions. The balanced domestic and export mix helped maintain efficient production and supported pricing and margins.

Which model led, and what does it mean for Tata Motors passenger vehicles?

Tata Nexon topped the wholesale chart in January, signaling sustained interest in compact SUVs and higher-value trims. For Tata Motors passenger vehicles, a strong SUV mix and expanding EV options should support average selling prices and margins. Consistent supply of in-demand variants can keep dealer inventory lean and sales steady.

What should investors watch in the India PV market next?

Track FADA retail data versus wholesales, booking-to-billing ratios, dealer inventory days, and waiting times for key SUVs. Monitor commentary on financing approvals and down payments, plus commodity and logistics trends. Also watch regulatory cues and model launch calendars to assess whether January’s strength can carry into the next two quarters.

Global Market Insights

India January Auto Sales Hit Record High; Hyundai, Tata Lead – February 2

ByDanny Kontos February 2, 2026

January 2026 car sales India set a new benchmark as passenger vehicle wholesales reached about 4.5 lakh units. We see a clean start to the year helped by the post-GST cut boost, lean inventories, and steady retail finance. Hyundai posted its best-ever month, while Tata Nexon led the model charts. For investors, this strength signals sustained demand across SUVs and compact cars, favorable pricing mix, and healthy dealer rotation. We break down the numbers, drivers, and the signals for OEMs and suppliers.