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September IIP slips as weak capital goods output drags industrial growth
Economy
Published on 24 April 2026
Auto output plunged nearly 15% as overall index stayed low
September IIP points to a softer industrial pulse, with manufactures—over 77% of the index—contracting by 3.9%. The sharpest drag came from automobiles, where motor vehicles, trailers and semi-trailers fell 14.9% year-on-year, pulling down broader output despite other components.
- Manufacturing output contracted 3.9% in September
- Capital goods weakness weighed on overall IIP performance
- Automobile production dropped 14.9% year-on-year
- Motor vehicles and trailers decline hit industrial momentum
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times