New Delhi, Jan. 2 -- India's automobile industry is expected to witness sustained momentum in 2026, with Axis Securities maintaining an optimistic outlook across two-wheelers (2W), three-wheelers (3W), passenger vehicles (PV), commercial vehicles (CV), and tractors, supported by demand recovery and policy-led tailwinds.

According to the report, "The overall industry outlook remains optimistic, with gradual demand recovery, a reduction in the GST rate, and income tax relief as key factors driving demand in FY26."

The two-wheeler segment recorded cumulative domestic sales growth of 10 per cent year-on-year (YoY) during Apr-Dec'26, while exports showed "improved traction across global markets." The report notes that "potential upside trigg...