New Delhi, Dec. 29 -- The Indian automobile sector is poised for strong growth, with December sales volumes expected to rise across all vehicle categories. The Nuvama Institutional Equities report noted that double-digit growth is likely in the domestic markets for two-wheelers, passenger cars, and commercial vehicles.

According to the report, several factors are making it easier for people to buy vehicles. The report noted that sales are being driven by "continued positive customer sentiments spurred by better affordability (Courtesy of GST cuts), new products, interest rate cuts and adequate finance availability".

While some pressure exists on rural buyers due to declining crop retail prices, the overall mood remains positive.

In the...