New Delhi, Sept. 2 -- For FY27E, Two-wheelers (2Ws) and passenger vehicles (PV) space is expected to outperform, with industry players guiding for positive 8-10 per cent volume growth. The projection comes on the back of broad-based sales acceleration across segments, according to a research report released by ICICI Direct.

The report noted that wholesale dispatches maintained strong traction through the latest monthly cycle, aided by macro policy drivers and improving underlying demand conditions.

"India's automotive OEMs posted healthy volume prints for August 2026 with volumes growing double digit on YoY basis across vehicle categories and OEMs," the ICICI Direct report stated.

"GST 2.0 tailwinds continue to drive underlying demand,...