Indian Auto Industry Sees Broad-Based Growth; Optimistic Outlook for FY26-27

• Indian automotive sector recorded steady growth in the first ten months of the current fiscal year (April-January 2026).
• Two-wheeler sales grew 9% YoY to 1.5 crore units, while passenger vehicle sales increased 7% YoY to 35.2 lakh units.
• Growth was broad-based across 2W, 3W, PV, CV, and tractor segments, with key players like TVS, Royal Enfield, Toyota Kirloskar, M&M, Ashok Leyland, and Tata Motors contributing significantly.
• Potential growth drivers include government consumption measures, rural demand uptick, new model launches, and GST rate reductions.
• The industry outlook remains optimistic for Q4FY26 and FY27, supported by strong domestic demand and stable income tax policies.