Passenger vehicle sales likely to cool in FY27 despite surge after GST cut - The New Indian Express

Image used for representational purposes. (File photo) Updated on:  05 Mar 2026, 9:22 pm Passenger vehicle (PV) sales growth may moderate to 3-5% year-on-year (Y-o-Y) in the upcoming financial year 2026-2027 due to a high base effect and pull-forward in replacement demand, according to a report by India Ratings and Research. This assumption comes despite car sales continuing to clock double-d…