FX.co ★ India Passenger Car Sales Jump 31.2% in July

Passenger vehicle sales in India jumped 31.2% year-on-year in July 2026, sharply up from an 18.2% increase in the previous month, reaching 395,199 units, according to data from the Society of Indian Automobile Manufacturers (SIAM). The strong performance was driven by solid domestic demand, supported by lower Goods and Services Tax rates and the launch of new models. “India’s auto industry recorded its strongest-ever July sales, with robust double-digit growth across the passenger vehicle segment. This positive momentum, sustained over several months, has continued as the industry enters the festive season with expectations of strong consumer sentiment,” said Rajesh Menon, Director General of SIAM.