ICRA

India’s two-wheeler market is poised for moderate expansion, with ICRA projecting a 6–9% growth in sales for FY26. Driven by robust rural demand, urban replacement cycles, and improving consumer sentiment, the sector is expected to maintain steady momentum despite macroeconomic uncertainties. Electric two-wheelers are emerging as a key growth driver, supported by government incentives and rising environmental awareness. The forecast underscores the resilience of India’s automotive industry, reflecting both structural demand dynamics and policy support.

India’s mutual fund industry has exhibited remarkable growth and sustained resilience, according to recent findings by ICRA. The report highlights a surge in average assets under management (AUM), driven by strong retail participation, consistent SIP inflows, and robust equity market performance. Despite global macroeconomic headwinds and domestic uncertainties, the sector’s fundamentals remain sound. The growing appeal of passive investment strategies, increased digitization, and evolving investor behavior are shaping the future of India’s asset management landscape.

ICRA has revised the outlook for the telecom tower sector from negative to stable, attributing the shift to significant improvement in receivables management and timely payments from telecom operators. The industry, previously burdened by elongated receivables due to delayed payments, now reports a reduction in collection periods to 45-60 days—well below ICRA's risk threshold of 80 days. This turnaround has strengthened liquidity profiles and reduced dependency on external borrowings.