**India Auto Sector: Strong Q3 Recovery and Growth Momentum** The Indian auto sector experienced a robust recovery in Quarter 3, underpinned by three key factors: **GST reductions**, strong **festive season demand**, and significantly **lean inventories**. This combination fueled immediate sales growth. Following the festive period, the sector maintained momentum. Growth was **broad-based**, covering all major segments, specifically two-wheelers, passenger vehicles, and commercial vehicles. Market participants like **TVS Motor** and **Maruti Suzuki** are highlighted for their performance. Both companies have recorded **market share gains** and are positioned for continued strong growth in the near term.