INDIA SALES ANALYSIS: OCTOBER 2016
While a capacity-crunched Maruti Suzuki sees only 2.2% growth, Hyundai Motor India and Tata Motors post their highest-ever monthly sales in October.
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With M&HCV sales back in the black, PVs gaining traction and two-wheelers accelerating, Indian auto is headed for good times.
November opened with a flurry of Indian automakers releasing their domestic sales numbers for October 2016. What’s amply clear is that most OEMs have benefited from much-improved customer sentiment, even as other factors like the lifting of the diesel ban in Delhi-NCR, festive season demand and the better-than-expected monsoon across the country gave a fillip to overall numbers.
The stronger festive demand has come on the back of the payouts of the Seventh Pay Commission, a marked improvement in consumer buying trends from rural India, following a good monsoon season, new models and a high level of discounting on ...
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