TL;DR
South India led the nation in Q1FY27 automotive sales growth across all segments, with passenger vehicles up 35% and two-wheelers up 34% year-on-year.
A recent report by Kotak Institutional Equities indicates that the South Indian region significantly outperformed North India in automotive demand across all segments during the first quarter of fiscal year 2027 (Q1FY27). Passenger vehicle volumes in South India surged by 35% year-on-year, contributing to an overall industry growth of 25%.
The two-wheeler sector also saw robust growth, expanding by 20% year-on-year, with Southern regional volumes climbing 34%, primarily led by Kerala and Tamil Nadu. Commercial vehicles recorded 14% to 21% year-on-year volume growth, further highlighting a broad-based demand expansion supported by tax revisions and evolving regional consumption patterns.
