New Delhi, Oct. 29 -- India's commercial vehicle segment is expected to lead automobile sales growth in October, with truck registrations rising 34 per cent year-on-year in the first 27 days of the month, even as passenger vehicle and two-wheeler registrations declined due to the later timing of the festive season, according to a report by Jefferies.

The brokerage expects October wholesale volumes to increase 17-19 per cent year-on-year for Ashok Leyland, TVS Motor and Tata Motors Passenger Vehicles, while growth for Hyundai and Bajaj Auto is estimated at 11-12 per cent.

Maruti Suzuki, Eicher Motors and Hero MotoCorp are expected to report growth of 6-9 per cent, while Mahindra & Mahindra's volumes could decline 3 per cent.

"Registrati...