India’s automobile sector has witnessed mixed demand trends during the first 14 days of the festive season. According to a report by Jefferies, two-wheeler registrations saw a 16% year-on-year increase, while passenger vehicle registrations recorded a 6% decline. This suggests that demand for two-wheelers remains robust, whereas the momentum for cars has slowed down.<\/p>\n\n\n\n
The report notes that during the first half of the 2026-27 fiscal year (April to September), two-wheeler registrations grew by 22% year-on-year, while wholesale sales increased by 17% during the same period.<\/p>\n\n\n\n
Slowdown in Passenger Vehicle Demand<\/strong><\/p>\n\n\n\n In the first seven days of the festive season, passenger vehicle registrations had shown a healthy 7% year-on-year growth. However, demand momentum appeared to taper off in the second week, resulting in a 6% decline when looking at the cumulative figures for the first 14 days.<\/p>\n\n\n\n Nevertheless, the passenger vehicle segment performed strongly during the first half of the 2026-27 fiscal year. According to Jefferies, registrations and wholesale sales in this segment grew by approximately 28\u201329% year-on-year between April and September.<\/p>\n\n\n\n 76% Surge in Truck Registrations<\/strong><\/p>\n\n\n\n Truck and tractor registrations also saw significant growth during the first 14 days of the festive season, with truck registrations surging by 76% year-on-year. It should be noted, however, that this sharp rise is partly due to a weak base from the previous year; during the same period last year, truck registrations had declined by 26%.<\/p>\n\n\n\n According to the report, the Compound Annual Growth Rate (CAGR) for truck registrations during the initial phase of the festive period\u2014when compared to 2024\u2014stood at 14%. Tractor registrations rise by 21%; outlook on future demand remains in focus<\/p>\n\n\n\n During this period, tractor registrations saw a 21% year-on-year increase. Previously, in the first half of the 2026-27 financial year, tractor registrations had grown by 18%.<\/p>\n\n\n\n However, some concerns persist regarding the demand for tractors in the second half of the financial year. According to the report, a high base from the previous year and a weak monsoon could exert pressure on future tractor demand.<\/p>\n\n\n\n Overall, initial data from the festive season presents a varied picture of demand across different segments of the auto sector. While two-wheeler demand remains robust, there has been a softening in demand for passenger vehicles, whereas registrations for trucks and tractors have shown an increase.<\/p>\n","protected":false},"excerpt":{"rendered":" India’s automobile sector has witnessed mixed demand trends during the first 14 days of the festive season. According to a report by Jefferies, two-wheeler registrations saw a 16% year-on-year increase, while passenger vehicle registrations recorded a 6% decline. This suggests that demand for two-wheelers remains robust, whereas the momentum for cars has slowed down. The […]<\/p>\n","protected":false},"author":9,"featured_media":657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1774","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"_links":{"self":[{"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=\/wp\/v2\/posts\/1774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1774"}],"version-history":[{"count":1,"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=\/wp\/v2\/posts\/1774\/revisions"}],"predecessor-version":[{"id":1775,"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=\/wp\/v2\/posts\/1774\/revisions\/1775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=\/wp\/v2\/media\/657"}],"wp:attachment":[{"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tamilnadutribune.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}