Indian auto industry to see moderate 3-6% volume growth in 2026-27: ICRA

Indian car sales are set for steady growth in the fiscal year 2026-27. Passenger vehicles are expected to expand by 4-6 percent. Two-wheelers will see a 3-5 percent increase. Commercial vehicles are projected for 4-6 percent growth. This follows a strong recovery in the current fiscal year. Future trends include rising electric vehicle adoption.