New Delhi, July 15 -- India's automobile industry is expected to see steady demand in the second quarter of FY26-27 as the festive season begins. This follows a strong first quarter, during which all vehicle segments recorded double-digit growth. Passenger vehicles, commercial vehicles, and three-wheelers achieved their highest-ever first-quarter sales, according to the Society of Indian Automobile Manufacturers (SIAM).

SIAM said lower vehicle prices following the impact of GST 2.0, along with easier availability of financing at lower interest rates, continued to support demand during the April-June quarter. It added that reasonable inflation and improvement in the monsoon situation during late June and the first week of July did not aff...