Structural Demand Tailwind Backed by Policy Reform: GST 2.0 have had a positive influence on the auto industry and have resulted in improved sentiments in the domestic market. In Q4FY26 PV volumes delivered a record-breaking performance, with sales hitting an all-time high of 13.2 lakh units, up 13% YoY, making it the strongest Q4 on record while clocking its highest ever sales of 46 lakh units in FY26, (up 8% YoY) on the back of improved affordability following the GST rate reduction. The current shift in domestic consumer's preference toward upright seating position,...