Auto Sales Momentum Continues in March, But Growth Shows Moderation: Report

• India's automobile sector shows broad-based strength in March 2026, but early signs of moderation are emerging.
• Demand remained strong across segments, including two-wheelers, passenger vehicles, and commercial vehicles, supported by festive tailwinds and policy support.
• Two-wheelers saw 18-20% YoY growth, while MHCV retail growth was 16-18% YoY.
• Consumer caution is growing due to external factors like untimely rains and geopolitical concerns, leading to a slight moderation in inquiries.
• The sector is transitioning from strong recovery to a more measured growth trajectory, with a nuanced outlook for coming quarters.