Auto sector growth to sustain in October on strong urban demand, financing availability: Nuvama

Indias automobile sector is likely to sustain its growth momentum in October 2026 driven by strong urban demand and adequate financing availability with commercial vehicles expected to record double-digit growth and passenger vehicles and two-wheelers projected to post single-digit increases according to a report by Nuvama Institutional Equities The growth momentum is likely to be underpinned by strong urban demand and adequate financing availability the report said highlighting supportive demand conditions across key automobile segments