INDIA SALES ANALYSIS CY2015: Passenger Vehicles

Riding on the economic growth wave in 2015, the Indian passenger vehicle (PV) industry grew from strength to strength and while there were a few pain points, a healthy 7.86 percent growth rate in the year put India right among the fastest growing PV markets in the world.

Increasing disposable incomes, falling interest rates, a barrage of new launches and benign fuel prices drove the growth in car sales as they rose nearly by 10 percent to cross the two-million units mark for the first time in a calendar year.

The Indian PV segment witnessed a salvo of ...