Mumbai, May 15 -- The first month of FY2026 has begun on a slow start with almost all segments in the red, barring SUVs, which seems to be on a dream run.

A total of 1.85 million vehicles were sold last month in the country, which was a 13 percent decline as compared to 2.13 million vehicle sold last year. Even when compared to March 2025, this translates to a decline of 12 percent.

Looking at the passenger vehicles segment, SUVs with 201,062 units sales grew by 12 percent, while passenger cars and vans saw a decline of 5 percent respectively. A total of 348,847 passenger vehicles were sold last month, which was 4 percent higher YoY.

The three-wheeler space saw a flat decline with 49,441 units sold across categories, as compared to 49,...