Passenger Vehicle sales likely to post 20% YoY growth in September, tractor volumes may fall: Nuvama

Passenger vehicle PV sales in the domestic market are likely to register robust growth of around 20 per cent year-on-year in September supported by better affordability new product launches adequate financing availability and inventory build-up with dealers according to a Nuvama report The report expects wholesale growth to continue in September 2026 with passenger vehicle and commercial vehicle volumes likely to grow in double digits year-on-year Exports are also expected to remain positive for most original equipment manufacturers OEMs led by growth across Africa Latin America and Asia