Benchmarks
Nifty22,421.95-198.5

FEATURED FUNDS★★★★★

Motilal Oswal Midcap Fund Direct-Growth

5Y Return
19.6 %

Invest Now

Enter search text:

Business News›Industry›Auto›Auto News›Two-wheelers, commercial vehicles set to outperform passenger cars in FY27: Report

Read Today's Paper

Two-wheelers, commercial vehicles set to outperform passenger cars in FY27: Report
Synopsis

India's auto industry, excluding tractors, is showing steady growth with two-wheelers and commercial vehicles leading. Passenger vehicle sales have also been strong, with Maruti Suzuki India Limited showing significant growth. However, tractor volumes have declined among manufacturers, affecting overall volume growth. The timing of the festive season is impacting year-on-year growth comparisons for the auto sector.

ANI

New Delhi: India's two-wheeler and commercial vehicle segments are expected to outperform passenger vehicles amid strong demand, supported by better pricing flexibility even as commodity cost pressures rise and new passenger vehicle launches remain limited in FY27 as per a report by Emkay.



The report noted that India's auto industry, excluding tractors, recorded steady growth, with select original equipment manufacturers (OEMs) outperforming across segments. Commercial vehicle (CV) and passenger vehicle (PV) growth remained broad-based, while retail momentum remained strong across segments.



Also Read: Automakers ramp up production, inventory as festive demand picks up

"Growth for CVs and PVs remained broad-based. Retail momentum also sustained across segments," it said.



Two-wheeler (2W) retail sales maintained strong momentum, rising 33 per cent year-on-year, compared with 22 per cent in H2FY26, 29 per cent in July and 21 per cent in August 2026, the report noted.




Likewise, passenger vehicle (PV) sales also recorded strong growth across original equipment manufacturers (OEMs), led by Maruti Suzuki India Limited (MSIL), which posted 30 per cent year-on-year growth in domestic sales.

Similarly, medium and heavy commercial vehicle (MHCV) retail sales maintained strong momentum, rising 50 per cent year-on-year, compared with 30 per cent in July and 29 per cent in August 2026. Tractor volumes, however, declined across manufacturers, with Escorts and Mahindra & Mahindra (M&M) reporting year-on-year falls of about 17 per cent and 21 per cent, respectively.

(You can now subscribe to our WhatsApp channel)

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

(You can now subscribe to our WhatsApp channel)


Read More News on
commercial vehicles performancepassenger cars market analysisEmkay report automotiveIndia auto industry reportOEMs sales performanceretail sales automotive sectorDiwali festive season impactmaruti suzuki india limitedescorts

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

Enter search text:

Stories you might be interested in