Indian Auto Industry to See Moderate 3-6% Volume Growth in 2026-27: ICRA

• Indian automotive industry projected for 3-6% wholesale volume growth across segments in FY2026-27.
• Domestic passenger vehicle (PV) volumes estimated to grow 4-6% YoY in 2026-27, supported by sustained demand.
• Two-wheeler (2W) industry likely to expand 3-5% as growth moderates on an improved base.
• Commercial vehicle (CV) volumes expected to grow 4-6%, driven by economic activities and bus segment prospects.
• Alternative powertrains (CNG, hybrids, EVs) gaining share due to regulatory pushes and evolving customer preferences.