India auto retail roars into FY27: PVs +25.4%, two-wheelers +28.4%, three-wheelers +32.8% in April
SIAM data shows India's auto industry opened FY27 with broad double-digit growth. Passenger vehicles hit a record 4.37 lakh units (+25.4% YoY), two-wheelers climbed to 18.7 lakh (+28.4%), and three-wheelers surged 32.8% — a strong read-through on mobility demand and discretionary retail momentum.
What happened
SIAM · India's auto industry opened FY27 with double-digit growth across segments in April. PVs hit a record 4.37 lakh units (+25.4%), two-wheelers rose 28.4%
Key facts
- PVs 4,37,312 units +25.4% YoY
- two-wheelers 18,72,691 units +28.4% YoY
- motorcycles 11,38,452 +30.6%
- scooters 6,91,993 +26.2%
- three-wheelers 65,668 +32.8%
Why this matters
The +32.8% 3W surge and two-wheeler strength flag a window to scout bolt-on targets in last-mile EV, dealership rollups, and aftermarket plays before valuations reset on sustained volume momentum.