New vehicles parked in a large open-air lot await distribution in an Indian city.
India’s automotive sector is anticipated to maintain a positive growth trajectory through fiscal year 2028, according to a recent report by Nuvama. The analysis indicates that passenger vehicles and two-wheelers are expected to be key drivers of this uptrend, potentially outperforming the growth rates of heavy commercial vehicles and tractors.
The report highlights that the industry is poised for a multi-year growth phase, suggesting a favorable market environment for automotive manufacturers and related businesses. This sustained expansion is projected to encompass various segments within the auto market, reflecting underlying economic strength and consumer demand.
Nuvama’s findings point to a robust outlook for the Indian automotive industry, emphasizing the expected resilience and upward momentum in wholesales over the next few fiscal years, specifically between FY26 and FY28. This forecast provides valuable insight for investors and stakeholders monitoring the sector’s performance and future potential.
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