Auto wholesales: Passenger Vehicle segment clocks 30% growth in Q2
The Indian automobile sector saw significant growth in Q2 FY2027, with passenger and commercial vehicle wholesales rising by nearly 30%. Industry experts attribute this surge to improved affordability following tax reforms, strong financing support, and the adoption of new vehicle technologies.
Why it matters
The data indicates a robust recovery and expansion in the Indian automotive market, serving as a key indicator of consumer spending and economic health.
All segments of the automobile sector reported double digit growth in Q2 FY2027 (July-September 2026) with Passenger Vehicles (PVs) and Commercial Vehicles (CVs) reporting wholesales growth of nearly 30% year-on-year (YoY) according to auto wholesales data released by the Society of Indian Automobile Manufacturers (SIAM) on Thursday (October 15, 2026).
Passenger Vehicle sales stood at 1.36 million units in Q2 of 2026-27, registering a growth of 30.7% compared to Q2 of 2025-26.
The Utility Vehicle (UV) sub-segment continued to dominate the PV market, accounting for 68% of total PV sales, SIAM data shows.
UV sales grew by 34.2% in Q2 of 2026-27, compared with Q2 of 2025-26. Passenger car sales also recorded a strong double-digit growth rate of 24.9% during the quarter.
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