New Delhi, Sept. 29 -- India's auto sector is poised for a strong turnaround in September 2025, led by festive sales momentum, GST cuts and supportive rural sentiment, according to Nuvama Institutional Equities. The brokerage expects wholesale volumes to rise across tractors, two-wheelers, passenger vehicles and commercial vehicles, with festive demand kicking in from September 22.

Channel checks suggest customer sentiment has improved sharply post-GST rate reductions. Adequate financing, inventory build-up and expectations of policy support - including Pay Commission payouts and tax reforms - are also lifting demand visibility.

Tractors: Domestic volumes are expected to grow around 10% YoY in September. Nuvama forecasts Mahindra & Mahi...