Reports from Elara Capital and The Economic Times say India’s auto ancillary sector records 12.5% revenue growth in FY26. Both accounts link the increase to stronger operating volumes and an improved product mix, indicating that higher demand across multiple vehicle and component markets supports performance. The outlook for FY27 is described as broadly constructive, with momentum expected across key segments. This includes two-wheelers (2W), passenger vehicles (PV), commercial vehicles (CV), tractors, and the replacement market, which together are expected to sustain demand. While the sources emphasize positives in growth and mix, they also frame the FY27 view as an outlook rather than a confirmed result, reflecting expectations about continued market conditions. Overall, the coverage highlights that FY26 gains are attributed to both quantity (volume improvements) and quality (better product mix), and that FY27 demand is anticipated to remain supported across the same broad set of categories.