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

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

Two-wheeler registrations increased 16 per cent year-on-year (YoY) during the period, while passenger vehicle (PV) registrations declined 6 per cent, indicating a moderation in demand for the latter.

The report noted that two-wheeler registrations grew 22 per cent YoY during the first half of FY27 (April-September), while wholesale volumes increased 17 per cent YoY, ANI reported.

Passenger Veh...