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( As on 29/08/2025 11:33)

Passenger Vehicle sales seen rising 1–4% in FY26: ICRA

The domestic passenger vehicle industry is projected to grow 1–4% in wholesale volumes this fiscal, despite a 1.1% decline in the April–July period, ratings agency ICRA said on Friday.

The modest growth outlook factors in high inventory levels and last year’s strong base, it noted. However, steady new model launches by automakers and the possibility of GST rate cuts could aid demand in certain segments, the agency added.