New Delhi, Feb. 4 -- 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.

The 2W segment's performance over the April to January 2026 period was bolstered by TVS, which saw a 19 per cent increase, and Royal Enfield, which grew by 25 per cent. In January 2...