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Festive auto sales show mixed demand trend; two-wheelers outperform passenger vehicles: Jefferies
BusinessLine 1 hr ago·26 Oct 2026, 6:22 am
Jefferies reports a mixed trend in auto sales during the initial two weeks of the festive season. Two-wheeler registrations saw a significant jump of 16% year-on-year, outperforming expectations. In contrast, passenger vehicle registrations declined by 6% during the same period, indicating a divergence in consumer spending behavior between the two segments.
This mixed data is notable for investors as it suggests that while demand for personal mobility remains resilient, there is a slowdown in demand for larger, more expensive passenger vehicles. This divergence could signal shifting consumer priorities or a potential cooling-off in the broader auto market, warranting close observation of upcoming sales figures.
Excerpt from BusinessLine
India's automobile sector witnessed mixed demand trends during the first 14 days of the festive season, with the two-wheeler segment outperforming passenger vehicles despite a high base, reflecting a stronger demand outlook for two-wheelers, according to a report by Jefferies. “Auto registration data for the first 14…Read the original at BusinessLine
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