India Sales Outlook: Passenger vehicles sales to clock double-digit growth in FY2017
The lifting of the diesel ban in Delhi-NCR, pre-festive season demand coupled along with the better-than-expected monsoon season has augured well for the Indian automotive industry. SIAM foresees 10% growth for H2, 2016-17.
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The lifting of the diesel ban in Delhi-NCR, pre-festive season demand coupled along with the better-than-expected monsoon season has augured well for the Indian automotive industry, especially passenger vehicles (PVs) which clocked the highest monthly sales since March 2012 (292,118 units).
According to the monthly sales data released by the Society of Indian Automobile Manufacturers (SIAM) today, PV sales rose by nearly 20 percent at 278,428 units in September largely driven by the record sales posted by bellwether Maruti Suzuki India during the month. The carmaker posted its highest ever monthly sales of 137,321 units, thus contributing to over ...
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