India's industrial momentum remains strong in Sept'26 but steel output declines

Auto production, sales and EV registrations recover, manufacturing PMI rebounds. Power demand firm while domestic coal production rises and imports decline. Steel output eases m-o-m; finished steel exports drop, imports increase

India's industrial activity broadened in September 2026, with automobile production, EV registrations, manufacturing activity, merchandise exports and GST collections improving from August. Manufacturing PMI rebounded to 55.1 from 52.8, while automobile production rose to 3.45 million units and EV registrations increased to 3.34 lakh. Power demand remained firm, supported