New Delhi, Oct. 26 -- India's automobile sector witnessed mixed demand trends during the first 14 days of the festive season, with the two-wheeler segment outperforming passenger vehicles despite a high base, reflecting a stronger demand outlook for two-wheelers, according to a report by Jefferies.

"Auto registration data for first 14 days of festive shows a big divergence between 2Ws and PVs," Jefferies said.

As per the report, the two-wheeler registrations rose 16 per cent year-on-year, while passenger vehicle registrations declined 6 per cent, indicating demand moderation in the passenger vehicle segment. Notably, "In 1HFY27 (Apr-Sep), 2W registrations grew 22% YoY while wholesales rose 17% YoY," it said.

On the other hand, demand f...