New Delhi, July 15 -- Passenger Vehicles and Two-Wheelers sales are expected to experience an uplift, helped by the upcoming festive season typically serves as a demand driver, according to the recent report by the Society of Indian Automobile Manufacturers (SIAM).

Additionally, the report reveals that an above-normal monsoon is likely to aid rural income recovery, which is expected to be a positive signal for two-wheelers and entry-level vehicles that rely heavily on rural demand.

The auto sector is expected to witness improved affordability and boosted consumer sentiment in the coming months, boosted by the RBI's cumulative repo rate cuts of 100 basis points over the past six months are expected to gradually ease borrowing costs.

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