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Domestic PV sales expected to grow 4-7% in FY26: Icra
Hindustan Times Ranchi
|February 28, 2025
Passenger vehicle sales volume in India is expected to grow at a moderate pace of 4-7% in FY26 with most demand drivers remaining neutral or favourable, according to ratings agency Icra.
NEW DELHI:
As for two-wheelers, Icra said it estimates the industry volumes to grow at a healthy pace of 6-9% in FY26, following an estimated 11-14% growth in FY25.
Passenger vehicle (PV) industry volumes reached an all-time high of 4.2 million units in FY24. In year-to-date (YTD) FY25, wholesale volumes remained stable led by steady production by automobile manufacturers but the industry volume growth has been modest at about 2% against the backdrop of waning replacement demand and high inventory levels, Icra said in a statement.
This story is from the February 28, 2025 edition of Hindustan Times Ranchi.
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