Uno Minda Limited has reported a record revenue growth of 11% year-on-year for the second quarter of the fiscal year 2026 (Q2 FY '26), marking a significant milestone in the company's performance. The earnings call, held on November 7, 2025, revealed that the company achieved its highest quarterly revenues and profitability, driven by a robust demand across various segments in the automotive industry. This strong financial performance aligns with the broader trends observed in the Indian automobile sector, which registered a 9% growth in production volumes during the same period, reaching approximately 8.9 million units.

The automotive industry experienced a mixed quarter but concluded with encouraging momentum, largely due to an increase in festive demand and favorable policy changes like the GST 2.0 implementation. The passenger vehicle (PV) segment saw a 4% increase in production, supported by a 23% surge in exports, while electric vehicle (EV) sales skyrocketed by 139% year-on-year, reaching about 50,000 units. The two-wheeler segment emerged as a standout performer, achieving 11% growth with total production at approximately 6.9 million units, bolstered by enhanced rural mobility demand and increased consumer sentiment following the GST rate cut.

Looking ahead, the outlook for Uno Minda and the broader automotive industry remains positive. Factors such as a strong festive season, stable macroeconomic conditions, and the impact of GST reforms are expected to sustain growth throughout the fiscal year. With urban consumption rebounding and rural demand remaining robust, the company is well-positioned for continued expansion. The earnings call emphasized that the ongoing recovery in consumer confidence and the rollout of new models will support sustained growth, potentially heralding the start of a new upcycle for the Indian automobile sector as it enters the second half of FY '26.