PV sales headed for record year, SUVs continue charge in May 2017

The start of what looks to be a bountiful monsoon, return of consumer sentiment, banishing of demonetisation and a pipeline of new models, particularly in the passenger vehicle (PV) and two-wheeler segments, could be just what the doctor ordered to drive automobile sales in India in the ongoing fiscal.

Driving industry momentum is the PV sector which has been registering consistent growth for many months now, driven by consumer demand for new passenger cars as well as SUVs. SUVs, in fact, have been the accelerator and currently account for a fourth of all PV sales in India. It was ...