India’s automobile industry recorded its highest-ever sales in the first quarter of fiscal 2026-27. Passenger vehicle volumes rose 25.9% year-on-year, while two-wheeler sales increased 20.3% over the same period.
Both segments posted double-digit gains against the year-earlier quarter, with passenger vehicles showing the larger percentage rise. The combined result was described as a record for an opening fiscal quarter.
Strong Q1 demand typically reflects festive and replacement buying as well as improved supply, though the cited figures focus on the percentage gains rather than absolute unit totals by manufacturer.
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Sources:
https://www.indiaipo.in/daily-reporter/india-ipo-daily-market-ipo-updates-16th-july-2026