INDIA SALES ANALYSIS: January 2017
With total sales of 265,320 units, the passenger vehicle segment notched 14.40% YoY growth. However, the other vehicle segments are yet to shrug off the collateral damage caused by demonetisation.
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While passenger vehicle sales rose 14.40% to 265,320 units, CV demand at 61,239 units was flat (-0-72%). Two-wheelers were down by 7.39% to 1,262,141 units. While motorcycle sales fell 6% to 819,386 u
The first month of a new year always brings in good tidings and it is no different for 2017, albeit the difference is that the last two months of 2016 saw the economy and consumers alike being hugely impacted by the sudden demonetisation of Rs 500 and Rs 1,000 currency notes. What also helps numbers is that in India, as in other global markets, vehicle buyers prefer to have a new vehicle registration in the new year, which means some pent-up demand from the previous month (December 2016) would have been carried over into January.
January 2017 sales ...
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