Nuvama expects India’s auto sector to grow steadily through FY26-28E, led by passenger vehicles and two-wheelers in May 2026.

Automakers are set for their best May since 2018, with VAHAN data showing vehicle registrations from May 1-25 already surpassing May 2025 levels across segments.

India's automotive sector is set for sustained growth trajectories over the next two fiscal years, with passenger vehicles and two-wheelers expected to outpace heavy commercial…