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RACE Analytics
Analytics for the automotive & industrial equipment industry

Analyst-ready automotive flash reports and forecasts across 14 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: August 2026

Market Summary - July 2026

Total Market Size:2,479,217 units
Growth Rate:+0.8% MoM | — YoY
Overall Alternate Penetration:19.8%

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 2.48 million units in July 2026, with sales forecast to decline to 2.33 million units in August and 1.93 million units in September. Market volumes are expected to recover gradually to 2.07 million units in October and 2.11 million units by January 2027. Two-wheelers are projected to remain the primary driver of industry volumes, while passenger vehicles and commercial vehicles continue to support overall market performance.

Alternative Fuel Adoption – Segment-wise Comparison

Comparison of segment-wise alternative fuel share between Jun 2026 and Jul 2026.