India’s PV industry to end 2015-16 on a high note
During FY 2014-15, the top three manufacturers in the country – Maruti, Hyundai and M&M – had sold a total of 1,815,338 units. In 2015-16, these manufacturers have sold 2,026,282 units, registering a YoY growth of 11.62%.
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If the fiscal sales figures of the top three passenger vehicle (PV) makers in the country revealed today are anything to go by, then the Indian PV industry seems to be on track for posting healthy growth in 2015-16.
Maruti Suzuki India and Hyundai Motor India, the top two players in the country, reported their best-ever domestic sales for the fiscal ended March 31, with growth of 11.5% and 15.1% respectively. Third in terms of market share and the largest UV maker in the country, Mahindra & Mahindra also reported a 6% rise in sales after two consecutive double-digit ...
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