Primus In News
After GST-led surge, car sales growth likely to decelerate in FY27
05-04-2026
Anurag Singh, Advisor, Primus Partners highlights that FY26 especially the second half was exceptionally strong for passenger vehicles with sales surpassing 4.7 million units and growing 8.3% year on year. However he said that replicating this performance in FY27 will be difficult as pent up demand following GST cuts has largely been absorbed. He adds that rising vehicle prices driven by better quality safety features and technology continue to shape the market while GST reductions are also bringing in new first time buyers.
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