2018 opens on a strong note for Indian OEMs

The Indian automobile sector, which has been driving in growth lane consistently for some time now, has opened 2018 on a robust note, with all vehicle categories reporting strong sales in January. Industry is certainly seeing happy days, with FY2018 pegged to be the first fiscal after a gap of five years since FY2013 (+2.49%), to be posting solid double-digit growth amidst a slew of economic reforms and regulatory changes being introduced in the first half of fiscal year FY2018.

Total vehicle sales across segments in January stood at 2,117,746 units (+30.71%) with passenger vehicles (285,477 / +7.57%), commercial ...