Auto sales hit record high in FY26

Sales of automobiles across categories rose to the highest ever last fiscal year, supported by the biggest consumption tax cuts by the Centre, reduction in policy rates, and revision in income tax slabs. Industry-wide sales climbed for the first-time since the pandemic, which had caused a shrinkage in low-end wages and, consequently, mobility demand.As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), while passenger vehicle sales climbed about 8% to 4.64 m...