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India auto sales touch new high in CY2017; SIAM revises growth outlook for FY2018

Year-end sales, which are generally lacklustre in their performance and usually need a lot of whip from the dealers and manufacturers in the form of alluring discounts, have taken the market by a sweet surprise in December 2017 and have bid adieu to the gone year in a respectable fashion.

By Mayank Dhingra

11 Jan 2018

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India auto sales touch new high in CY2017; SIAM revises growth outlook for FY2018

For the first time in a calendar, the industry sold over 3.2 million PVs in CY2017 growing 8 percent, when it had just missed the 3 million mark by a whisker in CY2016 with sales of 2.97 million units.

Within passenger vehicles, passenger cars sold a record 2,168,000 units (+5%) in CY2017 and UVs witnessed a surge of 20 percent, selling 870,000 units. Even though the numbers look puffed, PV segment has performed better, growing 9.77 percent in CY2012, 30.85 percent in CY2010, 17.97 percent in CY2009, 15.28 percent in CY2007, 2006 18.48 percent in CY2006, and 23.88 percent ...

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