New Delhi, Feb. 26 -- India's automobile sector is expected to witness a mixed performance in FY2026, with moderate growth in passenger vehicles (PVs), steady demand for two-wheelers (2Ws), and continued momentum in the tractor segment, according to Kotak Institutional Equities report

The domestic PV industry is projected to grow in the low single digits year-on-year in FY2026, following a flat growth trend in FY2025.

The report mentioned, "According to SIAM and domestic OEMs, domestic PV industry wholesale volumes are expected to grow low single digits yoy (flat yoy growth in FY2025E) in FY2026E, driven by steady growth in the SUV segment due to newer launches and an increase in BEV segment penetration, partly offset by continued weakn...