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RACE Analytics
Analytics for the automotive & industrial equipment industry

Analyst-ready automotive flash reports and forecasts across multiple countries and 9 vehicle segments — from two-wheelers and three-wheelers to trucks, tractors and construction equipment.

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Flash Reports
Overall Automotive Industry

Overall Automotive Industry

Comprehensive market analysis across all vehicle categories and segments

Last published: November 2026

Market Summary - October 2026

Total Market Size:3,085,187 units
Growth Rate:+25.2% MoM | — YoY
Overall Alternate Penetration:18.2%

Sales & Forecast

Forecast indicates trajectory based on historical volumes and computed projections. AG Tractors and Construction Equipment are excluded.

Total
–Δ Historical MoM

India's automotive market recorded 3,085,187 units in October 2026. Sales are forecast to decline to 2,642,960 units in November and 2,043,237 units in December. Volumes are expected to recover to 2,567,793 units in January 2027, before declining to 2,110,702 units in February and rising to 2,845,104 units in March. Sales are forecast to moderate to 2,673,609 units in April 2027. Two-Wheelers will remain the main market driver, supported by Passenger Vehicles, Three-Wheelers, Commercial Vehicles, Tractors, and Construction Equipment.

Alternative Fuel Adoption – Segment-wise Comparison

Comparison of segment-wise alternative fuel share between Sep 2026 and Oct 2026.