Indian car makers post robust sales, cross 3m for the first time in a fiscal

The Indian passenger vehicle (PV) has recorded robust sales in the last month of the fiscal year 2016-17. As per the sales numbers revealed by eight of the 16 carmakers, who declare their monthly sales registrations to apex industry body SIAM, the PV industry has recorded 10.52 percent year-on-year (YoY) growth. The continuing surge in SUV sales and increased offtake by app-based taxi service providers like Ola and Uber have helped drive gains.    

For the 11-month April 2016-February 2017 period, the PV industry had registered total sales of 2,764,206 units, or 235,794 units short of the 3-million mark. Thus, as ...