India Auto Inc’s sales cross 25m units for the first time in FY2019

The Indian automobile industry, comprising the passenger vehicle, commercial vehicle, three-wheeler and two-wheeler segments, continued its growth journey in fiscal 2018-19 albeit at a much slower pace in a difficult year. From a milestone perspective, the industry has driven past the 25 million-unit sales mark for the first time in a fiscal year – 26,267,783 units, which represents overall year-on-year growth of 5.15 percent, one of the lowest-growth performances in the past 12 years (see 12-year sales table below). What seems to have saved the blushes for industry is the outstanding performance of the CV sector which posted strong double-digit ...