Cars, M&HCVs save the blushes for India auto in Q1, FY'16

The first indications of the likelihood of a tough fiscal year for the domestic automobile industry are in. The Society of Indian Automobile Manufacturers, in its first quarterly review (April-June 2015 2015) has revealed that Q1 FY2016 numbers, at 4,888,226 units, marks a 1.24% increase over Q1 FY2015 (4,828,163 units)  

Passenger vehicle (PV) sales stood at 6.17% with cars growing at 8.57% (482,332) and vans at 1.47% (42,906). But utility vehicles (UVs), which are facing the brunt of an unstable monsoon that in turn has affected incomes in rural India, have seen a fall of 0.57% (128,064).