Wholesale volumes in the Indian auto sector saw robust growth in March 2026, particularly in the passenger vehicle (PV) and tractor segments. According to an ICICI Direct Research report, total vehicle dispatches for the fiscal year 2026 ended on a high note, reflecting a 10% year-on-year increase. This growth was largely attributed to the positive demand driven by the GST 2.0 rate cut, which reduced vehicle prices and improved consumer sentiment. Major players like Maruti Suzuki and Tata Motors reported impressive sales figures, with Maruti achieving a 17% YoY growth at 2.2 lakh units and Tata Motors seeing a 29% growth at 67,000 units. The commercial vehicle segment also performed well, with Tata Motors reporting 48,000 units, marking a 17% increase. Retail performance was strong, with vehicle registrations totaling 26.9 lakh units, a 25% increase from the previous year. Overall, the auto industry in India is witnessing a positive trend across various segments, bolstered by government reforms and increased consumer confidence.