2024-27: India's auto sector forecasts significant growth, especially in 2W and tractors, with EVs' 2W market share reaching 13% by FY27.

A Jefferies report forecasts significant growth in India's auto sector from FY24-27, particularly in the two-wheeler (2W) and tractor segments, with projected CAGRs of 14% and 10%, respectively. In contrast, passenger vehicles (PVs) are expected to grow at 7%, while trucks will see a 4% increase. The demand for 2Ws is rebounding, and electric vehicles are gaining traction, with their share in 2W sales expected to reach 13% by FY27.