Business News | South India Region Outperforms the North Across All Auto Segments in 1QFY27: Report

New Delhi [India], August 26 (ANI): The South Indian region relatively outperformed the Northern region across all segments in the automobile sector during Q1FY27, according to a Kotak Institutional Equities report.

The report noted that broad-based demand expanded across the sector during the quarter, supported by tax revisions and regional consumption patterns.

Also Read | Kuku Kohli Funeral: Aruna Irani Pays Emotional Final Tribute to Her Husband.

"Our analysis of state-wise demand trends for 1QFY27 highlights three key takeaways--(1) strong demand across all segments and regions driven by GST cuts, (2) Southern region relatively outperformed and Northern region relatively underperformed across all segments, (3) the structural shift toward scooters continued to accelerate, driven by electrification in 1QFY27," the report stated.

In the passenger vehicles segment, industry volumes grew by 25 per cent year-on-year in 1QFY27, supported by broad-based pick-up across segments. Volumes in the Southern and Eastern regions increased by 35 per cent and 29 per cent year-on-year, while North India recorded a 20 per cent rise, though Madhya Pradesh, Delhi, and Haryana underperformed with less than 20 per cent growth.

Also Read | London Weather Forecast and Rain Chances for Pakistan vs England 2nd Test 2026 at Lord’s.

The two-wheeler industry registered a 20 per cent year-on-year volume expansion on the back of GST cuts. Southern regional volumes climbed 34 per cent, led by Kerala and Tamil Nadu with over 40 per cent growth. The Eastern and Western regions expanded by 21 per cent and 17 per cent, respectively.

The scooter mix within two-wheelers increased by 310 basis points year-on-year, reaching 56.5 per cent in South India and gaining 220 basis points in the West.

Commercial vehicles recorded 14 to 21 per cent year-on-year volume growth. Medium and heavy commercial vehicle (M&HCV) volumes rose 14 per cent, led by 18 to 19 per cent growth in Eastern and Western regions.

Light commercial vehicle (LCV) volumes expanded 21 per cent, driven by 33 per cent growth in the South and 19 per cent in the East, while the North posted 13 per cent growth. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)