Business News | Auto Industry Records Broad-based Growth; Outlook Remains Optimistic: Report

Get latest articles and stories on Business at LatestLY. The Indian automotive sector recorded a steady climb in the first ten months of the current fiscal year, with cumulative domestic two-wheeler (2W) sales growing by 9 per cent year-on-year (YoY) to 1.5 crore units and the passenger vehicle (PV) industry posting a 7 per cent YoY increase to approximately 35.2 lakh units. According to the monthly volume update for the automotive industry report by Axis Direct, this broad-based growth spanned across two-wheelers, three-wheelers (3W), passenger vehicles, commercial vehicles (CV), and tractors.