In fiscal year 2025-26, automobile sales in India hit a record high, supported by the government's consumption tax cuts, lower policy rates, and revised income tax slabs. According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales increased by 8% to 4.64 million units, while commercial vehicles, three-wheelers, and two-wheelers saw rises of 12.6% (1.08 million units), 12.8% (836,000 units), and 10.7% (21.71 million units), respectively. Exports also surged, climbing 24% to 6,647,685 units. Shailesh Chandra, President of SIAM, noted that the industry closed the fiscal year on a high note, with all vehicle categories achieving their highest sales in seven years. Despite some concerns over global geopolitical events, he expressed optimism for continued demand in the upcoming fiscal year, citing robust domestic demand and macroeconomic fundamentals. However, he acknowledged that ongoing conflicts could impact production and commodity prices.