Auto sales shine in May, 16-month scooter run slows
With all segments, other than two-wheelers, posting double-digit growth, India Auto Inc is poised for strong growth. But inventory issues with Hero and Honda and high petrol prices could be impacting scooter sales.
The hot Indian summer, even as it gives way to a bountiful monsoon, has shone on India Auto Inc what with overall sales numbers nearing the 2.3 million units mark. At 2,282,618 units sold last month, sales in May 2018 were a good 12.13 percent growth over the year-ago sales. All segments, other than two-wheelers, notched growth in double digits – passenger vehicles (301,238 / +19.65%), commercial vehicles (76,478 / + 43.06%), three-wheelers (54,809 / + 51.97%) and two-wheelers (1,850,093 / 9.19%).
What came as a sweet surprise though is the substantial recovery of passenger car and motorcycle sales, ...
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