Mumbai, June 23 -- Industry estimates had projected a 6-7 per cent growth for 2Ws in FY26, but if demand does not recover in the coming quarters, there is a downside risk to these forecasts, signaling cautious sentiment across the sector, according to a report by Motilal Oswal.

India's automobile industry has had a slow start to FY26, with demand across key segments such as two-wheelers (2Ws) and passenger vehicles (PVs) remaining weak during the first two months of the fiscal year.

While growth projections for most auto segments remain in the low- to mid-single digit range, the two-wheeler segment is falling significantly short of expectations.

The two-wheeler (2W) segment is falling short of growth expectations, while sports utility ...