India auto sales up 13.4% in Q1, but sagging exports a worry

As per the cumulative production, domestic sales and export numbers revealed by the Society of Indian Automobile Manufacturers (SIAM), today, overall domestic sales across vehicle categories, during the first quarter of 2016-17, have notched 13.42% year-on-year growth.

Importantly, all vehicle segments are in the black and even the LCV segment, which had seen over two years of declining sales, is witnessing a turnaround now.

The utility vehicle (UV) segment, which has seen a number of new launches in the recent past, has posted a sterling growth of 38.04% with sales of 176,788 units in the first three months ...