Nuvama sees July auto wholesales accelerating on PV and CV demand
Nuvama forecasts July 2026 domestic wholesales growth of more than 25% for passenger vehicles and over 20% for commercial vehicles. Two-wheelers and tractors are projected to rise over 15% and 10%, respectively, supported by affordability, launches, financing and rural liquidity.
Nuvama expects Indian auto wholesales to remain strong in July 2026, led by passenger vehicles and commercial vehicles. Affordability, new launches, financing and rural liquidity support demand, while rainfall remains a key determinant for tractor sales.
Why this matters
No related recent retail-company signals were provided. Nuvama's forecast indicates broad July 2026 momentum across passenger vehicles, commercial vehicles, two-wheelers and tractors.
Retail-company signals are accelerating, up +399333% QoQ.