Domestic passenger vehicle (PV) wholesales crossed the 5-lakh milestone for the first time in October, reaching a record 5.19 lakh units, up 12.4% from the corresponding month last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).

Two-wheeler wholesales rose 16.1% year-on-year (YoY) to 25.78 lakh units, while three-wheeler dispatches grew 25.7% to 1.03 lakh units during the month.

“The Indian automobile industry continues to witness healthy demand momentum. The Passenger Vehicle segment achieved its strongest-ever October performance, crossing the significant milestone of 5 lakh units in monthly sales,” said Rajesh Menon, Director General, SIAM.

“In the Two-Wheeler segment, demand continues to be supported by improved credit availability and replacement demand, across both rural and urban markets. For Three-Wheelers, last-mile mobility requirements and rapid electrification remain strong structural drivers. Overall, the demand outlook remains positive,” he added.

Meanwhile, the combined production of passenger vehicles, three-wheelers, two-wheelers and quadricycles stood at 36,18,753 units in October 2026, compared with 28,13,044 units in the year-ago period, registering a growth of 28.64%.