New Delhi, March 27 -- India's automobile sector continues to exhibit broad-based strength in March 2026, although early signs of moderation are beginning to emerge amid external uncertainties, according to a recent report by YES Securities.

The report noted that "auto demand in Mar'26 remained broadly strong across segments, supported by festive tailwinds, favourable base, and policy support," even as "early signs of moderation are emerging."

Across segments, demand trends remained resilient. Two-wheelers saw strong retail momentum with "18-20% YoY growth, driven by a favourable base and robust rural demand," while passenger vehicles (PVs) benefited from "festive tailwinds, new launches, and policy benefits."

Commercial vehicles (CVs)...