INDIA MARKET ANALYSIS – October 2017: Sales cool off after a bumper September

After a bumper month of festive September, when passenger vehicle sales hit a record 309,955 units and overall industry sales notched 2,490,034 units for a year-on-year growth of 10 percent, October 2017 witnessed fewer dealer dispatches making their way out from OE stockyards. The overall industry dipped into negative growth after maintaining a solid run for nine months since January. Total vehicle sales across segments stood at 2,162,164 units (-1.79%), with passenger vehicles (279,837 / -0.30%), commercial vehicles (69,793 / +6.44%), three-wheelers (61,568 / +12.81) and two-wheelers (1,750,966 / -2.76%), showing a mixed bag in performance. According to industry apex ...