Indian Cars Exports Snapshot - FY2026

India’s Passenger Vehicle (PV) export story in FY2026 reflects strong momentum, sharper OEM differentiation, and a clear shift in global demand alignment. Total exports stood at 9,05,137 units, marking a healthy 17.5% YoY growth over FY2025 (7,70,296 units). However, beneath this headline growth lies a widening gap between leaders and laggards.

• Maruti Suzuki has decisively strengthened its dominance in export markets. With 4,43,825 units exported, the company registered a robust 34.5% growth, taking its market share to 49.0%—a significant jump from 42.9% last year.

• This means nearly 1 in every 2 cars exported from India now carries the Maruti Suzuki badge. The growth is largely driven by strong demand in Latin America, Africa, and neighboring markets, supported by a well-diversified small car portfolio.

• Hyundai Motor India retained the #2 position with 1,90,125 units, growing 16.4% YoY. However, its market share slightly declined to 21.0% (vs 21.2%), indicating that while volumes grew, it couldn’t match the pace of Maruti Suzuki.

• Nissan Motor India posted 15.5% growth, reaching 82,408 units, maintaining a steady 9.1% market share.

• Toyota Kirloskar Motor emerged as one of the standout performers with 41.0% growth, exporting 38,974 units and improving its market share to 4.3%.

• Volkswagen India saw exports decline by 19.0%, dropping to 40,143 units, with market share shrinking from 6.4% to 4.4%.

• The biggest setback came from Honda Cars India, where exports plunged 56.0% YoY to 26,485 units. Consequently, its market share sharply fell from 7.8% to 2.9%, making it one of the biggest losers of FY2026.

• Kia India reported modest growth of 3.9%, exporting 27,953 units, though market share slipped slightly to 3.1%.

• Mahindra & Mahindra grew 18.9%, reaching 18,722 units, maintaining stable share at 2.1%.

• Renault India also posted steady growth (17.8%) with 15,696 units, holding 1.7% share.

• Tata Motors delivered the most dramatic growth of FY2026, with exports surging 263.5% YoY to 10,350 units. Market share improved from 0.4% to 1.1%, indicating a strong push in international markets.

FY2026 reinforces India’s position as a global small car export hub. Going forward, OEMs with cost competitiveness, localized platforms, and strong emerging market presence are likely to lead. The widening performance gap suggests that export strategy, not just domestic strength, will define long-term winners.