Tag: India electric vehicle adoption India
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India: Auto sector surges in 5MCY’26; passenger vehicle sales jump 18% y-o-y
Rural income recovery supports two-wheeler demand Passenger vehicles lead industry surge amid robust rural demand India’s automobile sector recorded strong growth in 5MCY’26, according to SIAM data, supported by healthy performance across all major segments. Passenger vehicle sales increased 18% y-o-y to 2.19 million units from 1.86 million units in 5MCY’25, while two-wheeler sales rose…