Maruti, Hyundai and Mahindra Post Record October Sales Ahead of Monday's Trade; TVS Volumes Rise 29%

Maruti Suzuki sold a record 276,120 vehicles in October, while Hyundai India and Mahindra also hit monthly highs; auto stocks trade on the figures Monday after Nifty Auto fell 3.3% in October.

Nov 01, 2026 - 07:17

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India's largest carmakers reported record monthly sales for October on Sunday, November 1, 2026, as festive-season demand lifted dispatches to dealers. The figures arrive while Indian stock exchanges are closed for the weekend, so investors will trade on them when markets reopen on Monday, November 2.

Maruti Suzuki sets a new monthly high

Maruti Suzuki India sold 276,120 vehicles in October, its highest-ever monthly volume, up from 220,894 a year earlier, according to the company's stock-exchange filing. Domestic sales including light commercial vehicles also reached a record 216,789 units, compared with 180,675 in October 2025.

Within the domestic total, sales of compact and mid-size passenger cars rose to 100,877 from 85,210, and utility vehicles climbed to 97,787 from 77,571. Exports rose to 49,872 units from 31,304, and sales to other carmakers were 9,459 units. The company's previous best months were May 2026 at 2.43 lakh units and July 2026 at 2.41 lakh units, The Hindu BusinessLine reported.

For April through October, Maruti's total sales were 1,655,498 units against 1,299,629 in the same period of the previous fiscal year, the filing showed.

Hyundai and Mahindra also hit records

Hyundai Motor India said total sales rose 17.7% to 82,299 units, its highest single month. Domestic dispatches were a record 62,799 units, up 16.7%, and exports grew 21.1% to 19,500 units, according to BusinessLine and Zee Business. Sales of the Venue compact SUV reached a monthly high of 13,017 units in the domestic market.

"Strong festive demand, coupled with healthy momentum in both domestic and export markets, helped us set this new sales record," Tarun Garg, managing director and chief executive of Hyundai Motor India, said, according to BusinessLine.

Mahindra & Mahindra sold 131,109 vehicles including exports, up 9% from 120,142 and the most it has recorded in a month, TOI Auto reported. Domestic SUV sales rose 2% to a record 73,338 units. Three-wheeler sales jumped 38% to 17,632 units and exports rose 77% to 7,102 units.

Mahindra's tractor business went the other way. Domestic tractor sales fell 13% to 62,626 units from 72,071, and total tractor sales including exports dropped to 64,846 units. The company attributed the decline to the festive calendar, with Diwali falling in November this year after October last year.

Tata Motors and commercial vehicles

Tata Motors Passenger Vehicles reported total sales of 75,426 units, up 23% from 61,295, according to its exchange release. Domestic passenger-vehicle sales grew 21% to 73,894 units, and electric-vehicle sales rose 75% to 16,244 units.

Tata Motors' commercial vehicle business sold 47,652 units, up 27% from 37,530, Zee Business reported. Domestic commercial vehicle sales grew 13% to 39,784 units, while international business sales more than tripled to 7,868 units. VE Commercial Vehicles, the Eicher Motors subsidiary whose sales include Volvo trucks and buses, sold 10,861 units, up 34.9%.

TVS Motor's volumes jump 29%

Among two-wheeler makers, TVS Motor Company said total sales rose 29% to 700,134 units from 543,557, according to its filing. Two-wheeler sales grew 28% to 670,679 units, with domestic two-wheelers up 22% to 514,764. Electric two-wheeler sales rose 120% to 71,382 units, international business climbed 51% to 175,350 units, and three-wheeler sales rose 60% to 29,455 units.

How auto stocks ended last week

The figures follow a weak month for auto shares. The Nifty Auto index closed Friday, October 30, at 25,422.70, down 0.9% on the day and about 3.3% lower for October, according to Yahoo Finance data. The broader Nifty 50 ended Friday at 23,053.10.

On Friday, Maruti Suzuki closed at ₹11,397, Mahindra & Mahindra at ₹2,840.30, Hyundai Motor India at ₹1,911, Tata Motors Passenger Vehicles at ₹265.40, Eicher Motors at ₹7,220 and TVS Motor at ₹4,195.20, the Yahoo Finance data show.

Monthly dispatch numbers measure shipments from factories to dealers rather than retail sales to customers. Retail registration data and company commentary on Diwali demand in November will give a fuller picture of the festive season.