Overview

• Tata Motors posted its best-ever month with 60,907 passenger vehicles in September, led by the Nexon crossing 22,500 units and EV sales rising 96% to 9,191.
• India’s rankings shifted with Maruti Suzuki still on top but weaker domestically, Tata in second, Mahindra third, and Hyundai fourth as exports buoyed Maruti to 42,204 units.
• Kia India recorded 22,700 units, up 15.8% month-on-month, citing GST reforms and festive demand, with 2,606 vehicles exported.
• Dealers reported transitional frictions after the Sept. 22 GST change, limiting immediate pass-through on pre-GST stock and creating logistics bottlenecks despite strong retail activity.
• Hyundai Motor America set an all-time September record at 71,003 units and a record Q3, as Hyundai and Kia U.S. EV sales hit a combined 17,269; Hyundai also extended $7,500 IONIQ 5 cash incentives and cut 2026 prices by up to $9,800.