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India auto FY27 opens hot: PVs +26%, two-wheelers +28% in April as SUVs lead
Our read
Accelerating two-wheeler and three-wheeler growth (+28%/+33%) sharpens the case for bolt-on EV powertrain, financing, and aftermarket targets that ride the volume wave while hedging commodity exposure.
The report
India's auto industry opened FY27 with broad double-digit growth: passenger vehicles up 26% to 4.4 lakh units led by SUVs and cars, two-wheelers up 28%, three-wheelers up 33%, despite West Asia commodity-cost concerns, per SIAM.
Reported figures
From the report. Source details below
| SUV dispatches +20% to | 2.4 lakh |
|---|---|
| passenger cars +33% to | 1.2 lakh |
| two-wheelers +28% to | 18.7 lakh |
| motorcycles +30.6% to | 11.3 lakh |
| scooters +26.2% to | 6.9 lakh |
| three-wheelers +32.8% to | 65,668 |