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Between January and April, 48,291 new passenger cars were registered, including 11,832 in April alone, marking 9.7% growth year‑on‑year and an 11.4% net market increase after withdrawals.
SUV models dominated the market, with the C‑SUV segment leading at 14,606 units and 30.25% share, followed by B‑SUVs at 11,516 units and 23.85% share.
Electric vehicle registrations surged 101.7% in April to 1,420 units, totaling 4,618 for the year so far, while plug‑in hybrids rose 74.1% in April and reached 3,403 units year‑to‑date.
Used car registrations also climbed sharply, up 18.8%, temporarily s urpassing new‑car registrations by April.
Industry forecasts suggest continued moderate growth in 2026, with motorcycle registrations expected to rise 2–5% after a strong 48.7% jump this year.
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