Auto Sector Eyes Up To 12% Growth In FY27

The group representing auto dealers expects car and vehicle sales to grow strongly this financial year.

It thinks growth could be between 9% and 12%.

Demand has been good since GST rates were cut last year.

People in rural areas are expected to buy more passenger vehicles than people in cities.

The group also expects all vehicle segments to perform well during the festival season.

Growth looked especially strong in the first six months because sales during the same period last year were low.

The industry will watch sales after September 22 this year carefully.

That period will show whether the strong growth can continue.