New Delhi, May 6 -- Auto sector in India is likely to see a low single-digit growth in the Financial Year 2026 (FY26E) for commercial vehicle (CV) players, according to a report by Axis Security.

"We expect a low single-digit growth in FY26E for CV players, driven by a high demand in the bus segment," the report said.

Commercial and passenger vehicle sales for the month of March witnessed a mixed trend, as shown by the figures released by the automotive manufacturers.

As per the report, factors such as rural recovery, new model launches, and potential government support for consumption through middle-class tax relief will be key drivers for the tractor industry.

The report adds that the IMD's forecast of an above-normal southwest mons...