Stocks to Watch On November 18: Equity benchmarks extended their gains on Monday, with the Nifty rising for a sixth straight session and closing just below 26,013 amid a firm domestic tone. However, analysts cautioned that global cues—particularly heightened volatility in US
India’s Auto Sector Sees Strong Recovery In Sep, CV Sales Up 11.9% YoY
India’s Auto Sector Sees Strong Recovery In Sep, CV Sales Up 11.9% YoY
India's automobile sector experienced a robust recovery in September, with sales increasing by 5 to 10 per cent across various segments, a report said on Thursday.
New Delhi: India's automobile sector experienced a robust recovery in September, with sales increasing by 5 to 10 per cent across various segments, a report said on Thursday. The pickup in sales was driven by Goods and Services Tax (GST) reforms and the onset of the festive season, signalling a positive turn for the industry in FY2026, the report from ratings agency ICRA said.
The commercial vehicle (CV) segment witnessed a robust 11.9 per cent year-on-year growth in wholesale volumes. While infrastructure projects and revived logistics supported a 3.2 per cent growth in H1 FY26, retail sales in specific segments like Medium and Heavy Commercial Vehicles (M&HCVs) contracted temporarily as fleet owners had deferred purchases in anticipation of the tax reform.
Retail sales of two-wheelers grew 6.5 per cent YoY during the month, after muted sales in the first few weeks due to purchase deferrals. Wholesale volumes also grew 6 per cent as manufacturers increased dispatches, the report noted.
Add Zee News as a Preferred Source
The passenger vehicle (PV) segment gained notable traction post-GST cut, with retail sales growing 5.8 per cent YoY and wholesale volumes up 4.5 per cent, ICRA said. Wholesale volumes saw a 15.7 per cent sequential increase as OEMs stocked dealerships for the festive period. Although inventory levels were elevated, utility vehicles continued to dominate sales, it said.
ICRA maintained a stable to positive outlook for the Indian auto sector in FY2026. For the fiscal year, the ratings agency forecasted a modest 3-5 per cent wholesale growth for the CV industry, 6-9 per cent growth for two-wheelers and 1 to 4 per cent growth for passenger vehicles.
Improved affordability, new model launches, an increase in rural demand and sustained festive demand will act as growth drivers, the report said.
Source: ZeeNews
Related Posts: Wholesale beat automobile demand estimates in September India's Automobile Sector Sales Remain Resilient In Aug Despite GST Arbitrage India's Informal Sector Records Robust Growth Despite Global Headwinds Festive Season And GST Relief Drive Robust Auto Sector Surge In October 2025 GST Reforms, Rural Recovery Drive Strong Q3 For India's Auto Sector India experienced extreme weather events on 99% days in first nine months of 2025 Jefferies Bullish On Power Sector Recovery In 2026 Banking sector to see earnings recovery from Q2FY26 Virgo Weekly Horoscope (8th September – 14th September) Leo Weekly Horoscope (8th September – 14th September)
Stocks to Watch On November 18: Equity benchmarks extended their gains on Monday, with the Nifty rising for a sixth straight session and closing just below 26,013 amid a firm domestic tone. However, analysts cautioned that global cues—particularly heightened volatility in US
3 months ago
