India’s automobile industry has kicked off FY27 with unexpectedly resilient momentum, even as geopolitical tensions and global economic worries linger in the background. Across segments, automakers are reporting healthy growth driven by solid consumer demand. Improved rural sentiment is playing an outsized role, while passenger vehicles and two-wheelers continue to gather steam. With these engines of demand accelerating at the start of the new fiscal year, the industry is leaning into early optimism for the months ahead.
India’s Centre has tightened FY27 performance norms for central public sector enterprises, linking accountability to measurable outcomes. CPSEs can lose full marks if they miss mandatory CSR activity targets or breach MSME procurement and payment requirements, including failing to disclose unpaid bills in annual reports. The evaluation also penalises gaps in succession planning through mark deductions, and adds a heavier focus on R&D and innovation, especially for firms with import dependence. The Centre circulated the guidelines this month under a committee chaired by the cabinet secretary.
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DLF has signaled a major push, forecasting Rs 20,000 crore in sales bookings for FY 2026-27. The company attributes its target to an active pipeline of new residential projects, with upcoming developments planned across Gurugram, Mumbai, and Goa, aiming to convert strong launch momentum into bookings over the coming fiscal.
Signature Global says it is aiming for a 21% rise in sales bookings to Rs 10,000 crore in FY27, after a 20% contraction in the prior fiscal. The firm also reported a sharp jump in net profit last year, and is betting on fresh projects and strategic partnerships to accelerate growth in the coming months.
Zaggle plans to earmark $20–25 million for strategic acquisitions in FY27, aiming to enter the US with at least one purchase and potentially add one or two firms in India. The move follows strong FY26 performance, with meaningful revenue and profit growth. Management signals a faster international push backed by fresh capital for expansion.
SBI’s margin drop set the tone for PSU banks, but analysts believe the downside could be nearing an end. Focus is shifting to private banks, seen as better placed for FY27, with foreign investor flows expected to influence stock moves. HDFC Bank and Axis Bank are highlighted as top picks, while Paytm is favored for its payments business.
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Godrej Properties is aiming for 14% growth in pre-sales in FY27, targeting Rs 39,000 crore, backed by continued consumer demand for homes. The firm says it remains confident even amid global uncertainties. It is also focused on collecting Rs 24,000 crore from customers and acquiring new land parcels to sustain growth momentum.
India’s auto sector logged strong year-on-year growth in April, overcoming a sequential dip blamed on high March bases and earlier supply disruptions. Maruti Suzuki gained month-on-month, buoyed by GST benefits and broad demand. Tractor and two-wheelers stayed firm, but auto ancillaries face margin pressure as commodity costs rise, with tougher FY27 conditions looming.
Indian carmakers kicked off FY27 with a strong jump in passenger vehicle sales in April. Maruti Suzuki, Hyundai, and Kia posted standout performances, pulling domestic sales higher. Analysts attribute the uptick to policy and financial tailwinds including GST 2.0, repo rate cuts, and income tax relief, signaling a promising beginning for the auto sector.
Lodha Developers will roll out new housing projects worth about Rs 22,000 crore in FY27, spanning the Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR. The company is targeting 17% growth in sales bookings, with a projected Rs 24,000 crore in booking value, signaling an aggressive push to scale up launches and demand across key markets.
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Maruti Suzuki India has kicked off FY27 with a record April performance, selling 2,39,646 units and growing 33.29% year-on-year. The small car segment played a major role, while domestic sales hit an all-time high, signaling strong demand at the start of the new fiscal year.
Maruti Suzuki expects 10% volume growth in FY27, aided by new production lines and steady demand, notably from rural markets. Still, RC Bhargava cautions that margin recovery will be gradual as the firm manages input cost pressures. Exports are expected to remain stable, keeping the company broadly positioned for the year ahead.
Nomura expects India’s growth to slow in the first half of FY27 as supply disruptions weigh on activity, even as demand remains resilient. The economy is forecast to recover in the latter half, leading to 6.8% full-year growth. Supportive policies and easing trade tensions are tailwinds, but the Iran conflict is flagged as a key risk.
IDFC First Bank CEO V Vaidyanathan says the bank’s Q4 deposit growth slowdown was intentional and temporary, with April data already showing strong momentum. He remains confident of hitting 20% annual deposit growth in FY27, while credit costs trend lower and operating expenses stay under control. The CEO also indicated no West Asia impact yet.
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India’s commercial vehicle market is projected to reach a record 12.4 lakh units in FY27, surpassing the prior peak, according to Crisil. After a strong rebound, growth is expected to moderate to 5–6%. Demand at home should stay supported by infrastructure projects and vehicle replacement needs, while revenue growth is likely to edge slightly ahead of volume. Exports could face disruptions from the West Asia crisis.
Infosys CFO said the company plans to hire 20,000 freshers in FY27, following the release of the firm’s fourth-quarter results for FY26. The IT services company, now the second-largest in its category, reported total employee strength of 3,28,594 at the end of March, underscoring its scaling workforce alongside new recruitment.
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