Indian auto industry sales grow 2.27% in April-December 2015
The highlights of the first three quarters is that seven out of 12 vehicle sub-segments see growth in April-December 2015 and also the export of the first batch of 116 quadricycles by Bajaj Auto.
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While passenger vehicles have seen 9.05% YoY growth, CVs have posted 8.47% growth. Two-wheeler sales are up a flat 1.21% in April-December 2015.
Overall sales numbers in the first three quarters of fiscal year 2015-16 have saved the blushes for the Indian automobile industry. While December 2015 sales across segments are down 0.17 percent to 1,502,314 units. cumulative sales in April-December 2015 are up 2.27% with sales of 15,209,777 compared to 14,871,802 units in April-December 2014. The first three quarters of 2015-16 see seven out of 12 vehicle sub-segments posting growth and also the export of the first batch of 116 quadricycles by Bajaj Auto.
Sales of the passenger vehicle (PV) segment grew by 9.05% in April-December 2015 to 2,066,566 units compared ...
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