In this month’s Autocar Pro podcast, we dig into India’s May 2026 wholesale figures and what they tell us about the road ahead for the auto sector.
Tata Motors dispatched over 10,000 EVs in May, Mahindra & Mahindra clocked around 6,400, and EV penetration in passenger vehicles has reached 6.4% — with two-wheelers already at 9.3%. Top 2W EV players including TVS, Bajaj, Hero MotoCorp, and Ather are reporting strong order books, and the FY27 outlook points to 12–13% EV penetration in 2Ws and around 8% in PVs.
But it’s not all green lights. Wholesale growth outpaced retail in May, signalling inventory build-up. The effect of recent price increases is expected to start reflecting in sales from July. And posting growth in H2 FY27 will be a significant challenge for the sector.
We also discuss the CV segment showing early signs of slower growth, customer sentiment remaining resilient, where flex-fuel transition stands, and why diesel powertrains are expected to survive even after CAFÉ III.