India Sales – July 2017: Passenger Vehicles, Two-Wheelers and CVs headed for good times

The winds of change are here, in an era of GST. In the first month since the Goods & Services Tax was introduced, the automobile sector, one of the major beneficiaries due to reduced taxation in all vehicle categories other than hybrids, is seeing a smart uptick in demand. And in the run up to the festive season which begins in end-September, consumer demand is likely to burgeon.

The passenger vehicle (PV) segment, driven by the surging demand for SUVs which today account for 25 percent of the PV market, is set to notch a new high for the ...