Economy
Passenger vehicle wholesales grow 30% in Q2 FY2027
The Hindu1h
THE BRIEF
1
Passenger vehicle wholesales reached 1.36 million units in the second quarter of fiscal 2026-27, registering a 30.7% year-on-year growth according to SIAM data.
2
The utility vehicle sub-segment dominated the market with 68% share and 34.2% growth, while passenger cars recorded a 24.9% increase during the July-September quarter.
3
Growth was supported by improved affordability after GST 2.0, robust financing, alternate fuel adoption, and healthy rural demand heading into the festive season.