India Auto Inc off to a good start in FY2019 but rising fuel prices a concern

For every athlete, it’s a good feeling when he/she makes a good start off the starting block but what’s also important is how he/she maintains speed throughout the race. It’s a similar outlook for the Indian automobile industry.

In FY2019, with domestic market sales of nearly 25 million units (24,972,788), the industry notched 14.22 percent year-on-year growth. And exports added another 4 million units (4,041,777), up 16.12% YoY. Made-in-India production also hit a high of 29 million units, up 14.78 percent YoY.

With some OEMs across the PV, CV and two-wheeler segments announcing their sales numbers for April ...