India Auto Sales Surge On Low Base

Economic Times Markets · stocks

India's automobile sector saw an 81.8% year-on-year surge in retail sales from September 1-23, driven by an 81.8% rise in two-wheeler sales and a 102.5% jump in passenger vehicles. However, this sharp growth is significantly boosted by a low base effect from September 2025, when purchases were deferred due to GST rate changes. Analysts estimate underlying growth closer to 30%, with rural demand remaining a potential risk due to monsoon deficits. The festive season demand is expected to continue into the second quarter.

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