Passenger vehicle dispatches clock Q1 record of 12,73,811 units in FY27: SIAM
The Society of Indian Automobile Manufacturers (SIAM) reported record-breaking vehicle dispatches for the first quarter of fiscal year 2026-27. Growth was observed across all segments, including passenger vehicles, two-wheelers, three-wheelers, and commercial vehicles, driven by strong domestic demand.
Why it matters
This data serves as a key economic indicator for India's industrial health and consumer spending power despite global geopolitical tensions.
“Domestic passenger vehicle dispatches from companies to dealers clocked a record 12,73,811 units in the first quarter of this fiscal year, registering a growth of 25.9% driven by strong domestic demand despite the headwinds from the West Asia war,” industry body Society of Indian Automobile Manufacturers (SIAM) said on Wednesday (July 15, 2026).
“Passenger vehicle dispatches in the first quarter of last fiscal year stood at 10,11,884,” SIAM said in a statement.
The previous highest dispatches of PVs in the first quarter of a fiscal year was posted in Q1 of 2024-25 at 10.3 lakh units. “Two-wheelers posted a growth of 20.3% in the first quarter at 56,28,675 units as against 46,77,990 units in the year-ago period,” SIAM said.
“Three-wheelers also clocked highest-ever Q1 dispatches at 2,14,339 units as compared to 1,65,211 units in the same period last fiscal year, a growth of 29.7%,” it added.
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