PV sales to hit record 5.9 million units in FY27; SUV dominance, GST cuts to power 7% growth: Crisil - Fortune India

India’s Passenger Vehicle (PV) industry is poised to scale a fresh peak this fiscal, with wholesale volumes expected to rise 5-7% to nearly 5.9 million units, driven by the lingering benefits of last year’s GST reduction and sustained appetite for utility vehicles, according to Crisil Ratings. The ratings agency said the sector enters FY27 with strong domestic demand visibility, improving affordab…