India’s top carmakers Maruti Suzuki and Hyundai Motor India Limited (HMIL) reported a year-on-year decline in domestic vehicle sales during the April–June quarter of FY2025-26, even as their exports surged, indicating growing demand in overseas markets.
Maruti Suzuki, the country’s largest carmaker, sold 1,18,906 passenger vehicles in June 2025, down 13.3% from 1,37,160 units sold in June 2024. For the entire quarter (Apr–Jun 2025), domestic passenger vehicle sales stood at 3,93,572 units, down 6.1% from 4,19,114 units during the same period last year.
The biggest decline was recorded in the Mini and Compact segments. Sales of Alto and S-Presso dropped to 6,414 units, while popular compact cars like Baleno, Swift, and WagonR sold 54,177 units—a fall from 64,049 units in June 2024.
Despite domestic challenges, Maruti’s exports surged 22% in Q1 FY26, with 96,972 units shipped overseas compared to 70,560 units a year ago. In June 2025 alone, exports rose to 37,842 units, up from 31,033.
Overall, Maruti’s total domestic sales (including Light Commercial Vehicles) stood at 1,21,339 units in June 2025, down from 1,39,918 units in June 2024.
Meanwhile, Hyundai also reported a mixed performance. The company sold 60,924 vehicles in June 2025, of which 44,024 were sold in India and 16,900 exported. For the April–June quarter, Hyundai recorded total sales of 1,80,399 units, with exports contributing 26.7%.
Hyundai’s exports grew 13% YoY, rising from 42,600 in Q1 FY25 to 48,140 units in Q1 FY26. SUVs remained Hyundai’s strongest category, making up 67.6% of its domestic sales.
Commenting on the market outlook, Tarun Garg, Whole-time Director and COO of HMIL, acknowledged that geopolitical tensions had weighed on sentiment but said the company remained “cautiously optimistic” about a recovery, supported by policy-driven liquidity improvements and the upcoming Talegaon plant.
Both automakers’ strong export growth signals an increasing pivot to global markets as domestic headwinds, including inflation, interest rate concerns, and geopolitical uncertainty, continue to affect consumer demand.
