India auto FY27 opens hot: PVs +26%, two-wheelers +28% in April as SUVs lead
SIAM data shows passenger vehicle dispatches rose 26% YoY to 4.4 lakh units in April, with SUVs up 20% to 2.4 lakh and cars up 33% to 1.2 lakh. Two-wheelers climbed 28% to 18.7 lakh (motorcycles +30.6%, scooters +26.2%) and three-wheelers jumped 33% to 65,668, despite West Asia commodity headwinds.
What happened
SIAM · India's auto industry opened FY27 with broad double-digit growth: passenger vehicles up 26% to 4.4 lakh units led by SUVs and cars, two-wheelers up 28%,
Key facts
- PV sales +26% YoY to 4.4 lakh units
- SUV dispatches +20% to 2.4 lakh
- passenger cars +33% to 1.2 lakh
- two-wheelers +28% to 18.7 lakh
- motorcycles +30.6% to 11.3 lakh
- scooters +26.2% to 6.9 lakh
- three-wheelers +32.8% to 65,668
Why this matters
Accelerating two-wheeler and three-wheeler growth (+28%/+33%) sharpens the case for bolt-on EV powertrain, financing, and aftermarket targets that ride the volume wave while hedging commodity exposure.